IL
Cook
Summit
60501
7535 W 58th Place, Summit, IL 60501
Share Listing
Listing Type
Multi Family
Listing Status
Active
35
$419,000

Home Details for 7535 W 58th Place

Price
$419,000
Type
Residential Income
Bedrooms
7
Total Bathrooms
4
Year built
1927
County
Cook
Total rooms
14
Garage
4
Basement
Unfinished, Full
MLS Listing#
12466230
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.

Property Features
  • Parking
    • Detached
    • Garage
  • Basement
    • Unfinished
    • Full
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
School Information
School Information for 7535 W 58th Place, Summit, IL 60501
Elementary School
N/A
Middle School
N/A
High School
Argo Community High School
Listing Courtesy: Certified Realty Group LLC - 312-493-6181
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-04-09 09:10:56. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-04-09 09:10:56
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.
EXIT REALTY REDEFINED
9200 S. Robert Road, Hickory Hills, IL 60457
Office
708 430 8200
Request more details
Code: