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    7346 W 57 Pl Summit, IL 60501

    For Sale
    $409,000

    Residential Income, Bungalow - Summit, IL

    Lot size:
    0.11 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 7346 W 57 Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Utility Room, Workshop
    Bedrooms
    5
    APN
    18132170290000
    Parking
    4
    Exterior features
    Corner Lot, Fencing
    Fencing
    Fenced
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1948
    Roof type
    Asphalt
    Architectural style
    Bungalow

    Redfin Corporation (773) 308-4896 [email protected]

    Listing agent Terrie Whittaker (312) 836-4263 License #471017483

    Listing date Nov 14, 2025

    MLS# 12513440 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 Legal Two-Unit Building

    This legal two-unit building is located in Summit Argo. Both units feature generously sized bedrooms and large, functional kitchens, providing comfortable living spaces with natural light and layout flexibility. The property includes a full basement with laundry and storage options, offering potential for additional improvement or future expansion. A detached 2-car garage and a wide, well-kept backyard enhance the usability and appeal of the home. Situated on a 0.11-acre lot, this property is located in a high-demand rental area known for its convenience, community amenities, and easy access to transportation, schools, and shopping. The property offers outstanding value and excellent upside potential. Minor updating is needed, but the structure and major components offer a strong foundation for customization, making it ideal for investors looking to maximize rental income or owner-occupants wanting to build equity.
    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 - Spacious Summit two-unit with expansion potential in high-demand rental area.
    Where is this duplex located?
    The property is located at 7346 W 57 Pl Summit, IL.
    What is the asking price?
    The asking price for this property is $409,000.
    What are key features of this property?
    This property features: - Legal 2-unit building in a high-demand rental area.; - Strong rental income potential or owner-occupant opportunity to build equity.; - Spacious units with generously sized bedrooms and functional kitchens.
    (312) 836-4263
    Request Owner's contact information
    7346 W 57 Pl 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
    7346 W 57 Pl Summit, IL 60501
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