7548 W 61st Street, Summit, IL

$350,000

Overview

  • 42481
  • Property ID
  • Updated On:
  • March 30, 2026
  • 8
  • Bedrooms
  • 5
  • Bathrooms

Description

Great investment opportunity! This legal 4-unit frame building offers tremendous potential and is being sold as-is. The property includes two 2BD/1BA units in the front and two smaller rear units with more compact bedrooms. City violations are present, and the Village of Summit requires the buyer to post a $30,000 bond. Cash or Conventional financing preferred. Don’t miss this value-add opportunity with excellent upside for the right investor.

Bathrooms
3+
Bedrooms
5+
Climate Control
Heating
Parking
Garage
Swimming Pool
Yes
Other Features
Asphalt
Detached
Forced Air
Frame
Natural Gas
Public
Public Sewer
Steam

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$1,794.52
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 1,357.02

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Information for the property at 7548 W 61st Street, Summit, IL, 60501 (Property ID: 42481) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi