Barbara Sapstein Real Estate Team

7345 Archer Avenue
SUMMIT, IL 60501



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  • 8 Bedrooms

  • 1955 Year Built

  • 2 Car Garage

  • 11/6/2017 List Date

Solid brick legal 3-flat with 2-car brick garage. Property in excellent condition. Large apartments and bedrooms with hardwood floors. Spacious, modern kitchens with huge dinettes. New windows in November 2017 (except living rooms). New roof in October 2017. Enclosed porches, additional storage in shed. Garden level with coin-op laundry. Circuit breakers, 3 central air conditioners, 3 hot water heaters and separate water meters, coin-op washer and dryer. Tenant pays all utilities. Huge monthly income and easy to rent; Lots of upside rent potential - similar 3-bedroom units nearby rent for $1100 - $1200. Expenses: Scavenger: $73/mo Insurance: $78/mo Taxes: $461/mo Serious buyers only. SOLD AS-IS.
Property Type



Additional Details

This listing 7345 Archer Avenue Summit, Il 60501 is a two to four units listing with 8 bedrooms on a lot of 3,485 sqft (or 0.08 acres). 7345 Archer Avenue was built in 1955. 7345 Archer Avenue is located in Summit and in ZIP Code 60501. It has been listed on our site since 11/6/17.

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Barbara Sapstein

  • Direct 312.787.0448
  • Cell 312.403.1269

Listing Office

R. C. Wessel & Associates, Ltd

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Summit is a wonderful location for families who want all the fun and convenience of a Chicago luxury home without the cost!  Click here to read more.

*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

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