7535 W 58th Place, Summit, IL 60501

Summit
Local realty services provided by:Results Realty ERA Powered
7535 W 58th Place,Summit, IL 60501
$419,000
  • 7 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: scott fletcher
Office: certified realty group llc.
MLS#:12466230
Source:MLSNI

Price summary

  • Price:$419,000

About this home

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1927
  • Listing ID #:12466230
  • Updated:April 12, 2026 at 11:02 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:14
  • Basement:Yes
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1927
  • Architectural Style:Colonial

Schools

  • High school:Argo Community High School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$419,000
  • Tax amount:$11,207 (2024)

Parking

  • Total parking spaces:4
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:4
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.

New listings near 7535 W 58th Place