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5441 S 74th Ave , Summit, IL 60501
$449,900
Est. Payment: $2,430.44/mo
6 Bed
3 Bath
0.13 Acres
Status: closed | Days on site: 37
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25823 - 252182,894034
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Excellent Investment Opportunity - Beautifully Updated Brick Two-Flat with Finished Basement in Summit! Welcome to this beautifully updated and exceptionally well-maintained all-brick two-flat, ideally located in the heart of Summit. Whether you're looking to expand your investment portfolio or searching for an owner-occupied property with excellent income potential, this versatile building offers outstanding value, quality updates, and exceptional flexibility. The property features two spacious 2-bedroom, 1-bathroom apartments, each offering bright and inviting living areas, generously sized bedrooms, ample closet space, beautifully updated kitchens, modern bathrooms, durable engineered flooring throughout, and fresh interior paint. Both units and the basement have been thoughtfully renovated, creating move-in-ready living spaces with contemporary finishes and timeless appeal. The finished basement, offering approximately 800 square feet of additional living space, includes 2 additional bedrooms, 1 full bathroom, a dedicated laundry room, and abundant storage, providing exceptional flexibility for a variety of living arrangements. Buyers are encouraged to verify all intended uses with the Village of Summit. Additional improvements include a roof approximately seven years old, updated interior finishes throughout the property, and meticulous maintenance that provides peace of mind for years to come. Outside, you'll enjoy a fully fenced backyard, a spacious patio ideal for relaxing or entertaining, an oversized 2.5-car detached garage, and an additional parking pad accommodating up to two extra vehicles, providing ample off-street parking for residents and guests. Conveniently located with easy access to I-55, I-294, Harlem Avenue, Archer Avenue, Pace bus service, Metra commuter rail, Midway Airport, shopping, restaurants, parks, schools, and everyday conveniences, this location offers an easy commute to downtown Chicago and surrounding suburbs. Summit continues to attract both homeowners and investors thanks to its convenient location, strong rental demand, and excellent accessibility. The property offers a total of 6 bedrooms and 3 full bathrooms, making it an outstanding opportunity for owner-occupants, multigenerational living, or investors seeking long-term income potential. Combining quality updates, classic brick construction, abundant parking, and an exceptional location, this move-in-ready property is one you won't want to miss.
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Highlights

Listed by Slawomir Rachmaciej , 847-903-2924 Exit Realty Redefined , 773-250-7410. Midwest Real Estate Data mls logo

Property Type

Multi-Family
Lot/Acreage
0.13

Year Built

1955

County

Cook

Area

Summit

 School District

104

Listing ID

12705339

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:3
Appliances:CO Detectors,Ceiling Fan(s)
Basement:Finished,Walk-Up Access,Full
Water:Lake Michigan,Public

Exterior Features

Lot Dimensions:45X125
Zoning:MULTI
Roof:Asphalt
Sewer:Public Sewer
Parking Features:Garage Door Opener,Yes,Garage Owned,Detached,Garage
Principal Interest
$2,430
Taxes
$625

Home Price

$449,900

Loan Details

30 yrs
7.148%

Down Payment

20%
$89,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,430.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,430.44 $624.79 $0.00 $3,055.22
Yearly $29,165.25 $7,497.42 $0.00 $36,662.67
Total $874,957.56 $224,922.60 $0.00 $1,099,880.16
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Summit, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED 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.

Based on information submitted to the MLS GRID as of the date listed below. 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. 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. Some listings have been excluded from this website.

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Data last updated: 2026-11-02T19:27:07.000Z

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