BEDS7
BATHS4 full
MLS#12466230
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 217
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Garage: 4
Heating: Natural Gas
Home Style: Colonial
Lot Size: 0.13 Acres
Taxes: $11,207
Year Built: 1927
Feature Descriptions
Additional rooms: Workshop
Exterior: Vinyl Siding
Lot Dimensions: 45X125
Parcel#: 18132270060000
Parking: Yes, Detached, Garage
Sewer: Public Sewer
Total Rooms: 14
Township: Lyons
Water: Public
Local Schools
High School: Argo Community High School
School District: District 217
Listed By / Shown By
Listed By
Agency Name: Certified Realty Group LLC
Agency Phone: 312-493-6181
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimate Your Payment
Estimated Payment
$ 2,959.35 per month $1,903.23 Principal & Interest $933.92 Property Tax $122.21 Homeowner's Insurance
7535 W 58th Place | MLS# 12466230
This multi-family property located at 7535 W 58th Place, Summit, IL 60501 is currently listed for sale with an asking price of $419,000. W 58th Place is located within the District 217 school district. Search Summit real estate on www.gogambino.com today.