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Sold on 02/06/2026
Hisham Bedeir of Compass
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7318 W Archer Ave, Summit, IL 60501

  • $325,000

    Last sold 02/06/2026 after 215 Days

  • 4

    bed

  • 2

    bath

Multi-family not for sale
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About 7318 W Archer Ave

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Rental estimate
Property description
Well-maintained all-brick two-flat in a prime Summit location just off Archer Avenue, priced to move and full of upside. Zoned R-4 with B-2 overlay potential, this is a rare opportunity to own a flexible property in a high-demand pocket-ideal for investors or live-in owners. Each unit offers 2 bedrooms, 1 bathroom, a four-season front room, updated kitchens with stainless steel appliances and dishwashers, and separate private laundry. The building has been thoughtfully upgraded with copper plumbing, separate forced-air heating with central air, and tenants pay all utilities except water. The upper unit is leased through 2026, but the tenant is open to early move-out for an owner-occupant buyer. The lower unit is vacant and ready to go, perfect for immediate occupancy or rental. Off-street parking available through the Village of Summit with permit. Whether you're looking to generate immediate income, house hack, or convert to a hybrid commercial use-this one checks all the boxes. Property is being sold AS-IS. Bring your vision, and act quickly-opportunities like this don't last.
Listed by
Listing Agent - Hisham Bedeir
Listing Office - Compass
Source: MRED mls logo
MLS#12398404 • last updated 3 months ago
Movoto checked MRED for data 19 minutes ago
Overview
MLS # 12398404
Virtual Tour N/A
SubType 2 Flat
Status Closed
Type Two To Four Units
Property Tax $ 8256
Year Built 1923
Interior
Bath Desc Separate Shower
Basement None
Add'l Room(s) Den
Total # of Rooms 11
Exterior
Exterior Features Lighting
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Utilities Cable Available
Sewer/ Septic Desc Public Sewer
Water Source Lake Michigan
# Units in Building 2
Location
Area Summit
County Cook
Elementary School District 104
High School Argo Community High School
Middle School District 104
High School District 217
APN 18124170220000
We are not permitted to show value estimates for this property.
  • Mar 2026
    mls logo MLS # 12398404
  • Mar 23, 2026 Sold
    $325,000 (-4.4%)
  • Feb 6, 2026 Active
    —
  • Dec 27, 2025 Price Change
    $339,900 (-2.9%)
  • Nov 3, 2025 Listed
    —
  • Oct 9, 2025 Active
    —
  • Aug 4, 2025 Listed
    —
  • Jul 26, 2025 Active
    —
  • Jul 6, 2025 Listed
    $349,880 (+7.7%)
  • Mar 2025
    mls logo MLS # 12212234
  • Mar 5, 2025 Active
    —
  • Feb 26, 2025 Price Change
    $324,999 (-13.3%)
  • Dec 8, 2024 Listed
    $374,999 (+87.5%)
  • Dec 2020
    mls logo MLS # 10929233
  • Dec 23, 2020 Sold
    $200,000 (-16.6%)
  • Dec 8, 2020 Contingent
    —
  • Nov 7, 2020 Listed
    $239,900
  • 7318 W Archer Ave
    $325K
  • Summit
    —
  • 60501
    $329K +10% y/y
  • Summit
    $329K +10% y/y
No chart available
Statistics calculated by Movoto

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6/10
Walsh Elementary School
public Grades K-4
Summit School District 104
3/10
W W Walker Elementary School
public Grades K-4
Summit School District 104
3/10
Heritage Middle School
public Grades 6-8
Summit School District 104
5/10
Argo Community High School
public Grades 9-12
Argo Chsd 217 School District
Source: GreatSchools.org © 2026. All rights reserved.

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