MattKoch
BEDS7
BATHS4 full
MLS#12466230
STATUSContingent
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
Agent Name: Matt Koch
Agent Phone: Cell: (815) 543-7945
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 2,959.35 per month $1,903.23 Principal & Interest $933.92 Property Tax $122.21 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
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 mkoch.gogambino.com today.