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    7318 W Archer Ave Summit, IL 60501

    For Sale
    $349,880

    Residential Income - Summit, IL

    Days on Market:
    42
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 7318 W Archer Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den
    Bedrooms
    4
    APN
    18124170220000
    Parking
    8
    Exterior features
    Corner Lot, Fencing, Lighting
    Fencing
    Fenced

    Utilities

    Heating system
    Baseboard, Forced Air, Natural Gas

    Building Details

    Year built
    1923
    Architectural style
    Other

    Compass Real Estate

    Listing agent Hisham Bedeir (630) 974-6750 License #471020212

    Listing date Nov 3, 2025

    MLS# 12398404 Listing URL

    Copyright © 2025 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.

    Overview

    Summit Two-Flat with B-2 Potential

    This well-maintained, all-brick two-flat is located in Summit, Illinois, just off Archer Avenue. Zoned R-4 with B-2 overlay potential, this property presents a flexible opportunity for investors or live-in owners. Each unit features 2 bedrooms, 1 bathroom, a four-season front room, updated kitchens with stainless steel appliances and dishwashers, and separate private laundry facilities. Upgrades include copper plumbing and separate forced-air heating with central air. Tenants are responsible for all utilities except water. The upper unit is leased through 2026, with the tenant open to early move-out for an owner-occupant buyer. The lower unit is vacant and ready for immediate occupancy or rental. Off-street parking is available through the Village of Summit with a permit. This property is suitable for generating immediate income, house hacking, or conversion to a hybrid commercial use. The property is being sold AS-IS.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Summit
    County
    Cook
    State
    Illinois
    Longitude
    -87.8151
    Latitude
    41.7806

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-flat in Summit, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 7318 W Archer Ave Summit, IL.
    What is the asking price?
    The asking price for this property is $349,880.
    What are key features of this property?
    This property features: - Prime Summit location near Archer Avenue with R-4 zoning and B-2 overlay potential.; - Two units, each with **2 bedrooms and 1 bathroom**.; - **Updated kitchens with stainless steel appliances and dishwashers**, plus private laundry in each unit.
    (630) 974-6750
    Request Owner's contact information
    7318 W Archer Ave Summit, IL 60501
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    Summit, IL 60501
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    Realmo Value Estimation

    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.

    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.

    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
    7318 W Archer Ave Summit, IL 60501
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