$ 449,900 5441 S 74th Avenue Summit, IL

MLS: 12705339   Type: Multi-Family   County: Cook   City: Summit   Zip: 60501   Style: Georgian     Taxes: $7,497

Mortgage $2,112 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

6

3

0

1,557

5,663

1955

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.

Elementary School

Middle School

High School

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Distance: N/A Miles
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Distance: N/A Miles
Argo Community
Distance: N/A Miles

Price History

7/15/2026 Listed $449,900

Sewer Public Sewer
Heating Natural Gas,Baseboard,Radiator(s)
Possession Closing,Immediate
Roof Asphalt
Zoning MULTI
Garage Spaces 2.5
Architectural Style Georgian
Construction Materials Brick
Year Built 1955
Township Lyons
Tax Year 2024
Ownership Fee Simple
Community Features Sidewalks
County Cook
New Construction N
Property Type Residential Income
Contingency Attorney/Inspection
Other Structures Second Garage
Total Rooms 11
Status Contingent
Directions ARCHER AVE NORTH TO 74TH AVE TO 5441
High School Argo Community High School
City Summit
High School District 217
MLS Area Summit
Tax Annual Amount 7497.42
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/show/?m=mPEd9iRf3mE&mls=1
Standard Status Active Under Contract
Middle/Junior School District 104
Elementary School District 104
Property Type Two to Four Units

Interior Features

Basement Finished,Walk-Up Access,Full
Total Bedrooms 6
Total Baths 3
Bedrooms Possible 6
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2

Exterior Features

Parking Features Garage Door Opener,Yes,Garage Owned,Detached,Garage
Water Source Lake Michigan,Public
Total Parking 2.5
Foundation Details Concrete Perimeter
Lot Dimensions 45X125
BuyerOfficeFax (773) 508-4170
Lot Size Acres 0.13
Waterfront Y/N N
Other Equipment CO Detectors,Ceiling Fan(s)

Property Schools



Direct Link:

https://guytownsend.josephmacey.com/property/103-12705339-5441-s-74th-avenue-summit-IL-60501

Gallery (62 photos)

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Property vs Zip Code Avg (60501)

Price 449K Avg 0

Sqr Feet 1,557 Avg 0

Cost / Sqr Ft $289 Avg $0

Taxes $7,497 Avg $0

Acres 0.13 Avg 0

Visits 52 Avg 0

Days on Site 75 Avg 20,724

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Listed By: Exit Realty Redefined




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Location & Address

Guy Townsend
66 N Broadway
Nyack, NY
Cell: 845-555-5394