5441 S 74th AVE, Summit, IL 60501
5441 S 74th AVE, Summit, IL 60501,Video Tour
5441 S 74th AVE, Summit, IL 60501
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$449,900
Est. payment /mo
6 Beds
3 Baths
5,662 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12705339

Style Georgian

Bedrooms 6

Year Built 1955

Annual Tax Amount $7,497

Tax Year 2024

Lot Size 5,662 Sqft

Lot Dimensions 45X125

Property Sub-Type Two to Four Units

Property 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.

Location

State IL

County Cook

Area Summit

Zoning MULTI

Rooms

Basement Finished, Walk-Up Access, Full

Interior

Heating Natural Gas, Baseboard, Radiator(s)

Equipment CO Detectors, Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.5

Community Features Sidewalks

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

High Schools Argo Community High School

School District 104 , 104, 217

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://my.matterport.com/show/?m=mPEd9iRf3mE&mls=1


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Midwest Real Estate Data (MRED) IDX
Listed by Slawomir Rachmaciej of  Exit Realty Redefined 

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Doug Anderson

Doug Anderson

Designated Managing Broker

+1(847) 687-3424

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5441 S 74th AVE