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
  • Pending
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...

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Home facts

  • Year built:1927
  • Listing ID #:12466230
  • Updated:June 18, 2026 at 07:58 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:14
  • 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
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