Last Sold Price
5535 S Archer Rd, Summit, IL 60501

Description

Great opportunity! - Mixed use greystone situated on high traffic count (24,000 car per day) Archer Road, 1st Avenue location. 1,000 sq foot 1st floor commercial space with 2nd floor 1,000 sq ft, 2 bedroom apartment. Plenty of parking (6+) in rear. Perfect for an investor or owner occupied commercial tenant looking for the added income of a second floor apartment. Commercial space offers a lot of potential with many possibilities for office, retail or service occupants. 1st floor is currently vacant....Great opportunity! - Mixed use greystone situated on high traffic count (24,000 car per day) Archer Road, 1st Avenue location. 1,000 sq foot 1st floor commercial space with 2nd floor 1,000 sq ft, 2 bedroom apartment. Plenty of parking (6+) in rear. Perfect for an investor or owner occupied commercial tenant looking for the added income of a second floor apartment. Commercial space offers a lot of potential with many possibilities for office, retail or service occupants. 1st floor is currently vacant. Second floor occupied with month to month tenant. Property is in need of updating and rehab and is priced accordingly. Property is being sold AS-IS.
LISTING CLOSED: 08/20/2025 12:00 AM

  1. Listed by Joseph Slack • Slack Realty Group
    P: (708) 218-6400 josephmslack@yahoo.com

Sold By Kale Realty

Property Details for 5535 South Archer Road

Status
MLS #
12315747
Days on Market
26
Taxes
$6,467 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Mixed Use
MLS Type
Commercial Sale
Year Built
1908
Lot Size
0.07 AC / 3,125 SF
Area
Summit
Township
Lyons
Air Conditioning Type
None
Zoning
COMMR

Recent comparable sales

Median sold price

$480,000

Avg days on market

37

Sale-to-list ratio

76.9%

Summit, IL

9 comparable properties found

a front view of a building
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Sold 12/27/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.46
Acres
$850,000 | 7225 West 59th Street, Summit, IL 60501
1/23
2

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Bathrooms
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Square Feet
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Acres
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Sold 06/16/26

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Square Feet
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Sold 01/08/26

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Square Feet
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Sold 08/22/25

Unavailable
Bedrooms
Unavailable
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Square Feet
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Sold 12/04/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres
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Sold 11/22/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
8

$1,910,000

Sold 12/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
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$120,000

Sold 11/21/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,400
Square Feet
0.96
Acres

Location

Add your commute

Building Information for 5535 South Archer Road

Stories2Residences2Year Built1908Building Size-Lot Size0.07 AC / 3,125 SF

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$1,047 per month

30 year fixed, 6.55% Interest

Principal and Interest

$508

Property Taxes

$539

HOA Dues

$0

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Property Information for 5535 South Archer Road

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Southwest Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • # Of Refrigerators: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25 X 125
  • Lot Size Square Feet: 3125.0
  • Stories: 2
  • Exterior Building Type: Block, Brick
  • Construction: Block, Brick
  • Fire Protection: None
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 1760
  • # Of Offices: 1
  • # Of Ranges: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2025-04-01T22:37:51
  • Photos Count: 4
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 5535 South Archer Road

DateEvent & SourcePriceAppreciation
Aug 20, 2025

Sold

MRED #12315747

$100,000
Jul 25, 2025

Sold (Public Record)

Public Record #1916542246

$100,000
Apr 15, 2025

Pending

MRED #12315747

DateEvent & SourcePrice
08/20/2025

Sold

MRED #12315747

$100,000
07/25/2025

Sold (Public Record)

Public Record #1916542246

$100,000
04/15/2025

Pending

MRED #12315747

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5535 South Archer Road

Taxable ValueLand$2,266Additions$16,193Total$18,459
Tax Record2023$6,467 ($539 / month)
Home Facts
Baths3.5Total Finished SqFt1,760 SqFtAbove Grade Finished SqFt1,760 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN18-13-202-003

Schools near 5535 South Archer Road

This home is within Argo Chsd 217 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
W W Walker Elementary School
PublicK to 5

Walsh Elementary School
PublicK to 5

Dr Donald Wharton Elementary School
PublicK to 5

Heritage Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Slack Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/21/2025 02:38 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.