Contact us: 563.441.1776
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 Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 7
Bathrooms: 4
County: Cook
High School: Argo Community High School
Listed By:
Certified Realty Group LLC
312-493-6181
MRED MLS
MLS ID: 12466230
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7535 W 58th Place, Summit, IL 60501.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $419,000 | $419,000 | $419,000 |
| Down Payment | $83,800 | $14,665 | $104,750 |
| Monthly Mortgage Amount | $1,983 | $2,467 | $2,568 |
| Taxes | $583 | $583 | $583 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $184 | $0 |
| Monthly Estimated Total | $2,688 | $3,356 | $3,273 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/12/2026. The listing information on this page last changed on 04/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 04/12/2026 4:10:53 AM EST) or MRED MLS (last updated Sun 04/12/2026 2:04:07 AM EST) or SCWMLS (last updated Sat 04/11/2026 11:54:41 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 04/11/2026 10:16:15 PM EST) or Cedar Rapids MLS (last updated Sat 04/11/2026 10:44:45 PM EST) or NEIRBR MLS (last updated Sun 04/12/2026 1:18:41 AM EST) or ICAAR MLS (last updated Sat 04/11/2026 11:37:30 PM EST) or ECIMLS (last updated Sat 04/11/2026 11:44:14 PM EST) or RMLSA (last updated Sun 04/12/2026 1:11:00 AM EST) or Muscatine MLS (last updated Sun 04/12/2026 2:00:24 AM EST) or No Coast MLS (last updated Sun 04/12/2026 12:44:20 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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