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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

Listed by Scott Fletcherof Certified Realty Group LLC

$419,000

Est. payment - /mo

7 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12466230

Style Colonial

Bedrooms 7

Year Built 1927

Annual Tax Amount $11,207

Tax Year 2024

Lot Dimensions 45X125

Property Sub-Type Two to Four Units

Property Description

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 highways, with a large community park at the end of the block, offering both accessibility and neighborhood charm. PROOF OF FUNDS REQUIRED PRIOR TO SHOWINGS. Broker Owned Interest.

Location

State IL

County Cook

Community Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 4.0

View Y/N true

Building

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

High Schools Argo Community High School

School District 104, 104, 217

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

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NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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7535 W 58th Place Summit, IL 60501

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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7535 W 58th Place