7535 W 58th Pl

Summit IL 60501

Multi-Family

Last sold for $435,000

Scott Fletcher, last sold this property on 26 May 2026 after 47 days on market.

Overview

Meticulously maintained brick & frame 3-unit building in a quiet neighborhood in Summit, Illinois! Excellent investment opportunity with strong cash flow potential or perfect for owner-occupants. Currently generating $4,031/month (potential of ~ $5,000/mo. due to current below market rents). Current GRM of 8.65. This spacious ~3,300 sq ft multifamily property sits on an oversized 45x125 lot with side yard. The property features a bottom floor having a large 4 bed / 2 bath owner's unit, upstairs units are a 2 bed / 1 bath unit and a 1 bed / 1 bath unit. Recent updates include: Unit 2F fully remodeled (2022), Unit 1 updated (~2017), Unit 2R features new quartz countertop & ducted range hood. Separate circuit breaker panels and gas meters for each unit. One furnace serves the building. Additional highlights include a detached 4-car garage with artist studio (rented out for storage), full basement with Coin Washer & Dryer, and strong rental appeal. Conveniently located near major highways, with a large community park at the end of the block, offering both accessibility and neighborhood charm. PROOF OF FUNDS REQUIRED PRIOR TO SHOWINGS. Broker Owned Interest.

Features

7 bedrooms

4 bathrooms

4 carspaces

4 garage spaces

Multi-Family

Estimated Value

We need at least 3 similar 7 bedroom multi families sold in Summit over the last 12 months.

Property history for 7535 W 58th Pl

2026

Sold

$435,000

26 May 2026 by Scott Fletcher, of Certified Realty Group LLC

2021

Sold

$315,000

30 Sep 2021 by Mark Nowak, of Nowak Realty

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.