Summit, IL Multifamily Properties for Sale

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Chicago, IL Summit-Argo, IL Lyons, IL

Updated: Jun 2

Brick Multifamily Income Property

5330 S 73rd Court, Summit, IL 60501

$575,000

Built in 1963 with low‑maintenance exterior materials including brick and vinyl siding
Natural gas heating; public water and public sewer
Coin‑operated washer and dryer on site
7 bedrooms and 4 bathrooms based on the provided room list
Off‑street parking with assigned parking

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Updated: Jun 12

Updated Two-Unit Residence with Office

5720 S Harlem Avenue, Summit, IL 60501

$349,900

Year built 1925 three‑level building plus attic studio with flexible living and in‑law options
Main floor features 2 bedrooms, living room, kitchen and dining, plus a front office for personal business use
Basement level includes 2 bedrooms with living, dining, and kitchen in an open floor concept
Attic has a window unit and open studio‑style layout with kitchen and bathroom for an in‑law apartment
Central air and main‑floor/garden‑unit utilities located together

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Summit, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Warehouse with Storefront and Apartments

4016-4018 Joliet Avenue, Lyons, IL 60534

$749,000

0.23 AC lot

Multi-unit property with contractor garages, storefronts, and apartments plus on-site parking for at least eight vehicles.

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Triplex with Three Garden Units

6122 W 55th Street, Chicago, IL 60638

$599,900

Non-conforming three-flat garden apartment building with garage parking and updated exterior components.

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Two-Flat with Finished Attic

6145 W 54th Street, Chicago, IL 60638

$890,000

Two-flat with finished attic in Garfield Ridge neighborhood.

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Retail and Contractor Warehouse Property

4016-4018 Joliet Avenue, Lyons, IL 60534

$795,000

10,080 sqft

Three apartments plus two storefronts and two contractor garages provide multiple income-producing spaces under one roof.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Recreational Land Bordering National Forest

V/L E Kissing Oaks Trail, Custer, MI 49405

$39,900

0.96 AC lot

RV recreational lot bordering Manistee National Forest.

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Off-Market Properties in Summit, IL

Consider similar Off-Market properties in Summit, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

7436 57th Pl, Summit, IL 60501-2283

Value Estimation by Request

2,438 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7446 58th Pl, Summit, IL 60501-1469

Value Estimation by Request

3,679 sqft · 0.08 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5538 72nd Ct, Summit, IL 60501-1203

Value Estimation by Request

2,061 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

6158 Archer Rd, Summit, IL 60501-1633

$885,000

Estimated value

7,190 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7222 62nd St, Summit, IL 60501-2406

Unit 1

Value Estimation by Request

2,502 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5307 73rd Ct, Summit, IL 60501-1058

Value Estimation by Request

2,900 sqft · 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7437 60th Pl, Summit, IL 60501-1513

Value Estimation by Request

1,267 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7506 Hanover St, Summit, IL 60501-1003

Value Estimation by Request

3,811 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7303 Archer Ave, Summit, IL 60501-1276

Unit 2

Value Estimation by Request

2,435 sqft · 0.08 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7301 Archer Ave, Summit, IL 60501-1277

Value Estimation by Request

2,431 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5321 73rd Ave, Summit, IL 60501-2155

Value Estimation by Request

2,221 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

6151 76th Ave, Summit, IL 60501-1646

$550,000

Estimated value

4,037 sqft · 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7517 62nd St, Summit, IL 60501-2365

Value Estimation by Request

2,568 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5313 73rd Ave, Summit, IL 60501-2149

Unit 2

Value Estimation by Request

2,221 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7348 56th Pl, Summit, IL 60501-1329

Value Estimation by Request

1,440 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5328 73rd Ave, Summit, IL 60501-2131

Value Estimation by Request

2,221 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7517 63rd Pl, Summit, IL 60501-2635

Value Estimation by Request

1,827 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7438 55th Pl, Summit, IL 60501-1208

Value Estimation by Request

1,760 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7444 63rd St, Summit, IL 60501-1816

Value Estimation by Request

1,560 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7221 Park Ave, Summit, IL 60501-2098

Unit 1

Value Estimation by Request

2,221 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7530 63rd St, Summit, IL 60501-1853

Value Estimation by Request

3,594 sqft · 0.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7521 62nd St, Summit, IL 60501-1605

Value Estimation by Request

2,474 sqft · 0.09 AC lot

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Summit, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Summit, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $924,900.

Sale prices for multifamily properties in Summit, IL start at $349,900, averaging $462,450, and reaching up to $575,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 11K

Population Growth (5Y) -3.1%

Median Household Income $62,110

College Educated 15.8%

High-Yield Neighborhoods for Investment

Identify Summit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Summit Argo - 60501	$462.5K

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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Summit, IL Multifamily Properties for Sale

5330 S 73rd Court, Summit, IL 60501

5720 S Harlem Avenue, Summit, IL 60501

Opportunities in Nearby Cities

4016-4018 Joliet Avenue, Lyons, IL 60534

6122 W 55th Street, Chicago, IL 60638

6145 W 54th Street, Chicago, IL 60638

4016-4018 Joliet Avenue, Lyons, IL 60534

Potential Development Sites for Consideration

976 Mesa Court, University Park, IL 60484

27 Oyster Bay, Lakemoor, IL 60051

4418 Oakland Court, Wheatfield, IN 46392

V/L E Kissing Oaks Trail, Custer, MI 49405

Off-Market Properties in Summit, IL

7436 57th Pl, Summit, IL 60501-2283

7446 58th Pl, Summit, IL 60501-1469

5538 72nd Ct, Summit, IL 60501-1203

6158 Archer Rd, Summit, IL 60501-1633

7222 62nd St, Summit, IL 60501-2406

5307 73rd Ct, Summit, IL 60501-1058

7437 60th Pl, Summit, IL 60501-1513

7506 Hanover St, Summit, IL 60501-1003

7303 Archer Ave, Summit, IL 60501-1276

7301 Archer Ave, Summit, IL 60501-1277

5321 73rd Ave, Summit, IL 60501-2155

6151 76th Ave, Summit, IL 60501-1646

7517 62nd St, Summit, IL 60501-2365

5313 73rd Ave, Summit, IL 60501-2149

7348 56th Pl, Summit, IL 60501-1329

5328 73rd Ave, Summit, IL 60501-2131

7517 63rd Pl, Summit, IL 60501-2635

7438 55th Pl, Summit, IL 60501-1208

7444 63rd St, Summit, IL 60501-1816

7221 Park Ave, Summit, IL 60501-2098

7530 63rd St, Summit, IL 60501-1853

7521 62nd St, Summit, IL 60501-1605

Summit, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Listings Trend

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