Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6036 S 74 Ave Summit, IL 60501

    Sponsored
    For Sale
    $260,000

    MULTI_FAMILY - Summit, IL

    Lot size:
    0.10 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 28 at 7:06 am

    Property Features for 6036 S 74 Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Basement, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1
    Bedrooms
    4
    Bathrooms
    2
    APN
    18134060690000
    Parking
    3
    Parking features
    Garage
    Fencing
    Chain Link
    Basement
    Full, Unfinished
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas

    Building Details

    Year built
    1941
    Building materials
    Vinyl Siding, Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Mike McCatty
    Mike McCatty

    Century 21 Pro-Team (708) 398-6400

    Listing agent Mike McCatty (708) 945-2121

    Listing date Feb 24, 2026

    MLS# 12574995 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Summit Two-Unit Property For Sale

    This two-story home in Summit, Illinois, is conveniently located across the street from Graves Elementary School and Heritage Middle School. Currently configured as a two-unit property, it offers flexibility for various living arrangements and the potential to convert to a single-family residence. Buyers should verify zoning and intended use with the village. The main level features a two-bedroom, one-bath layout with basement access, including laundry facilities. The second level mirrors this layout with two bedrooms and one bath. A detached two-car garage and a fenced backyard provide practical outdoor space and off-street parking. The property is located near Argo High School. The lot size is 0.1 acres. The property is being sold "AS IS".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Cook
    State
    Illinois
    Longitude
    -87.806333
    Latitude
    41.78288

    Nearby Similar for Sale

    • $339,900

      Summit Two-Flat with B-2 Potential

      Well-maintained two-flat in Summit, ideal for investors or owner-occupants.
      7318 W Archer Ave, Summit, IL 60501
      View Details
    • $409,000
      0.11 Acres

      Summit Legal Two-Unit Building

      Spacious Summit two-unit with expansion potential in high-demand rental area.
      7346 W 57 Pl, Summit, IL 60501
      View Details
    • Contact for pricing
      4,550 SF

      Corner Strip Center with Expansion Potential

      Strip center with expansion lots in high-traffic location.
      7201 W 63 St, Summit, IL
      View Details
    • Contact for pricing
      17,791 SF

      Summit Office Building For Sale

      17,791 SF office building, ideal for owner occupancy.
      5818 S Archer Rd, Summit, IL 60501
      View Details
    • New
      $275,000
      2,500 SF

      Turn-Key Bar in Summit, IL

      Mixed-use property with furnished commercial space and residential apartment.
      6105 S Archer Rd, Summit, IL 60501
      View Details
    • $849,000
      5,000 SF

      Established Daycare Business For Sale

      Thriving daycare business, building, and land for sale in Summit.
      9999 Day Care Confidential Dr, Summit, IL 60501
      View Details
    • Contact for pricing
      0.48 Acres

      Summit, IL Storefront/Office Buildings

      Storefront and office buildings in Summit, IL for sale.
      7641 W 63 St, Summit, IL 60501
      View Details
    • $2,000,000
      4,550 SF

      Summit Retail Center Investment Opportunity

      High-traffic corner, 4 leased units, expansion potential.
      7201 63 St, Summit, IL 60501
      View Details
    • $299,000

      Summit Mixed-Use Investment Opportunity

      Prime Location, Turn-Key Bar & Apartment
      6105 Archer Rd, Summit, IL 60501
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property near schools with conversion potential.
    Where is this duplex located?
    The property is located at 6036 S 74 Ave Summit, IL.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: - Great location: across the street from Graves Elementary and Heritage Middle School, and walking distance to Argo High School.; - Offers potential for use as a two-unit property or conversion to a single-family residence.; - Features a detached two-car garage.
    (708) 945-2121
    Request Owner's contact information
    6036 S 74 Ave Summit, IL 60501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6036 S 74 Ave
    Summit, IL 60501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6036 S 74 Ave Summit, IL 60501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike McCatty
    Mike McCatty
    Real Estate License ID: 471002650
    (708) 945-2121 (708) 361-0800 (708) 398-6400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!