7355 W Archer Avenue, Summit, IL
$ 1,075,000
Property Attributes
  • MLS#11292580
  • TypeCommercial
  • CountyCOOK
  • CitySummit
  • AreaSummit
  • Zip60501
  • Style
  • Year Built1986
  • Taxes$ 55942
  • Price$ 1,075,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12000
  • Lot Size0.482094 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Great investment opportunity! Fully occupied cash flowing building, with long term tenants. No concessions provided, all tenants have been paying rent on time throughout Covid. The units are updated on the interior and have custom build outs to fit the tenants needs. All new heating and air conditioning units in 2021 located on the roof of the property. The exterior brick, windows, and roof are all in good condition. There are front and back parking lots available, featuring 36 total parking spaces. This property has been meticulously maintained for the past 14 years. ***All interested parties please do not disturb tenants with interest/ questions. Contact listing brokers directly with any/ all questions and property tour requests***

Price History
12/21/2021 Listed $1,195,000
3/15/2022 11% - $1,075,000

General Features

Additional Parcels Y/N No
City Summit
Cooling Central Individual
County Cook
Days on Market 114
Directions Exit 171 to Archer Ave, close proximity to the Stevenson Expressway & Harlem Ave.
Electric Separate Meters, Service - 101 to 200 Amps
Leasable Area 2200
Lot Size Square Feet 21000
MLS Area Summit
Net Operating Income 70094
Property SubType Strip Center
Property Type Retail/Stores
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 1
Street Name Archer
Tax Annual Amount 55942
Tax Year 2020
Tenant Pays Electricity, Heat, Insurance, Sewer
Total Units 6
Township Lyons
Year Built 1986
Zoning COMMR

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 12000
Lot Dimensions 127 X 199


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60501

AVG $700K
AVG $39,409
AVG 18
Year Built
AVG 1970
AVG 78
Data Provided by Walkscore ® not using MLS data