7318 Archer Avenue

Summit IL 60501

Multi-Family

Last sold for $325,000

Hisham Bedeir, last sold this property on 23 March 2026 after 469 days on market.

Overview

Well-maintained all-brick two-flat in a prime Summit location just off Archer Avenue, priced to move and full of upside. Zoned R-4 with B-2 overlay potential, this is a rare opportunity to own a flexible property in a high-demand pocket-ideal for investors or live-in owners. Each unit offers 2 bedrooms, 1 bathroom, a four-season front room, updated kitchens with stainless steel appliances and dishwashers, and separate private laundry. The building has been thoughtfully upgraded with copper plumbing, separate forced-air heating with central air, and tenants pay all utilities except water. The upper unit is leased through 2026, but the tenant is open to early move-out for an owner-occupant buyer. The lower unit is vacant and ready to go, perfect for immediate occupancy or rental. Off-street parking available through the Village of Summit with permit. Whether you're looking to generate immediate income, house hack, or convert to a hybrid commercial use-this one checks all the boxes. Property is being sold AS-IS. Bring your vision, and act quickly-opportunities like this don't last.

Features

4 bedrooms

2 bathrooms

8 carspaces

Multi-Family

Estimated Value

We need at least 3 similar 4 bedroom multi families sold in Summit over the last 12 months.

Property history for 7318 Archer Avenue

2026

Sold

$325,000

23 Mar 2026 by Hisham Bedeir, of Compass

2022

Sold

Undisclosed

15 Sep 2022

2020

Sold

$200,000

23 Dec 2020 by Michael Kaput, of First United Realtors, Inc.

Happy sellers in Summit

We have insufficient information to provide an overview of customer satisfaction for Summit. Viewing the agent profiles, reviews and sales for Summit can provide insights for this location.