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.
Closed
$435,000
7535 W 58th Pl, Summit Argo, IL 60501
7beds
--sqft
Multi Family
Built in 1927
-- sqft lot
$437,700 Zestimate®
$--/sqft
$1,648 Estimated rent
Home value
$437,700
$398,000 - $481,000
$1,648/mo
Zestimate® history
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$1,648/mo
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$3,073/mo
Est. payment
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$3,073/mo
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Zillow last checked:
Listing updated:
Listing courtesy of:
Scott Fletcher 773-332-8657,
Certified Realty Group LLC
Bought with:
Yenni Solsol
Smart Home Realty
Source: MRED as distributed by MLS GRID,MLS#: 12466230
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 4
- Parking features: Yes, Detached, Garage
- Garage spaces: 4
Lot
- Size: 5,625 sqft
- Dimensions: 45X125
Details
- Parcel number: 18132270060000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1927
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Summit Argo
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Sold | $435,000+3.8% |
Source:  MRED as distributed by MLS GRID #12466230 Report a problem | ||
| 5/20/2026 | Listing removed | $419,000 |
Source: MRED as distributed by MLS GRID #12466230 Report a problem | ||
| 4/14/2026 | Contingent | $419,000 |
Source: MRED as distributed by MLS GRID #12466230 Report a problem | ||
| 4/8/2026 | Listed for sale | $419,000+33% |
Source: MRED as distributed by MLS GRID #12466230 Report a problem | ||
| 9/30/2021 | Sold | $315,000+5% |
Source: MRED as distributed by MLS GRID #11139539 Report a problem | ||
| 7/7/2021 | Pending sale | $299,900 |
Source: MRED as distributed by MLS GRID #11139539 Report a problem | ||
| 6/29/2021 | Listed for sale | $299,900+108.3% |
Source: MRED as distributed by MLS GRID #11139539 Report a problem | ||
| 6/25/1996 | Sold | $144,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $24,000 +0% |
| 2023 | $2,956 -21.3% | $23,999 +36.7% |
| 2022 | $3,755 +5.5% | $17,561 |
| 2021 | $3,558 +4.9% | $17,561 |
| 2020 | $3,393 -15.4% | $17,561 -12.2% |
| 2019 | $4,012 +3.2% | $20,007 |
| 2018 | $3,886 +1.9% | $20,007 |
| 2017 | $3,813 -28% | $20,007 +25.5% |
| 2016 | $5,298 -27.4% | $15,941 |
| 2015 | $7,296 +41.2% | $15,941 |
| 2014 | $5,168 +4.3% | $15,941 -5.3% |
| 2013 | $4,955 -5.7% | $16,825 |
| 2012 | $5,254 +0.7% | $16,825 |
| 2011 | $5,217 -1% | $16,825 -28% |
| 2010 | $5,267 +0.1% | $23,364 |
| 2009 | $5,264 +6% | $23,364 -7% |
| 2008 | $4,964 +1.2% | $25,122 +15.5% |
| 2007 | $4,905 +2.5% | $21,742 |
| 2006 | $4,783 +19.7% | $21,742 |
| 2005 | $3,996 +7.8% | $21,742 +31.6% |
| 2004 | $3,708 -12.3% | $16,519 |
| 2003 | $4,228 +5.3% | $16,519 |
| 2002 | $4,015 +17.3% | $16,519 +31.4% |
| 2001 | $3,423 +7.2% | $12,575 |
| 2000 | $3,192 +9.3% | $12,575 |
| 1999 | $2,920 | $12,575 |
Find assessor info on the county website
Neighborhood: 60501
Nearby schools
GreatSchools rating
- 7/10Walsh Elementary SchoolGrades: K-5Distance: 0.3 mi
- 6/10Heritage Middle SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Argo Community High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- High: Argo Community High School
- District: 104
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Cook County
- Summit
- 60501
- 7535 W 58th Pl
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