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Active Under ContractMLS #: 127053391 / 61Get an accurate number
Active Under ContractMLS #: 127053391 / 616 Beds
$449,900
5441 S 74th Avenue, Summit IL, 60501
Est. payment: $3,007/mo · 20% down, 30-year fixed at 6.95%, principal, interest, and taxes per the listing
Built in
1955
Lot size
0.13 acres
Property type
Two to Four Units
Listed by Slawomir Rachmaciej with Exit Realty Redefined
Questions about this home: Nick Rife, Rife Realty, (815) 258-1471 or Nick@RifeRealty.com
Overview
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
5441 S 74th Avenue, Summit IL, 60501
- Township
- Lyons
- County
- Cook
- Area
- Summit
Interior
- Bedrooms
- 6
- Total rooms
- 11
- Basement
- Finished, Walk-Up Access, Full
- Heating
- Natural Gas, Baseboard, Radiator(s)
Exterior and lot
- Style
- Georgian
- Construction
- Brick
- Roof
- Asphalt
- Patio and porch
- Patio
- Lot size
- 0.13 acres (45X125)
- Garage spaces
- 2.5
- Parking
- Garage Door Opener, Garage Owned, Detached, Garage
- Total parking
- 2.5
- Sewer
- Public Sewer
- Water
- Lake Michigan, Public
Listing details
- MLS number
- 12705339
- Status
- Active Under Contract
- Property type
- Two to Four Units
- Year built
- 1955
- Town
- Summit
- ZIP
- 60501
- Updated
- Aug 24, 2026
Estimate your payment
Term, years
Your monthly payment will be
$3,007
Principal, interest, and estimated taxes.
Loan $359,920 Down $89,980
- Principal and interest
- $2,382
- Property taxes (2024, per the listing)
- $625
Ballpark estimated payments for planning. Not a quote or a preapproval.
What this estimate includes
Principal, interest, and property taxes: the listing's reported bill when MRED has one, otherwise an estimate from typical corridor rates. Insurance and any PMI are not included, and this is not an offer of credit. Your real number depends on your credit, the lender, and the property.
Talk to Nick and he will connect you with one of his preferred lenders for a real figure.
Similar properties
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