7548 W 61st St

$350,000
Price
8
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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 offers preferred. Don't miss this value-add opportunity with excellent upside for the right investor.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 offers preferred. Don't miss this value-add opportunity with excellent upside for the right investor.
  1. Listed by Jose Hernandez • Coldwell Banker Realty
    P: (312)-788-7079 C: (312)-788-7079 chicagoagent312@gmail.com;Jose.Hernandez@CBexchange.com

Property Details for 7548 West 61st Street

Area
Summit
Township
Lyons
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air, Hot Water/Steam
LISTING UPDATED: 12/10/2025 10:17 AM

Property Details for 7548 West 61st Street

StatusActive
MLS #12519853
Days on Market50
Taxes$6,987 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1915
Lot Size0.09 AC / 3,750 SF
CountyCook County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 7548 West 61st Street

Stories-Residences4Year Built1915Building Size-Lot Size0.09 AC / 3,750 SF

Payment Calculator

$2,312 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,729

Property Taxes

$582

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7548 West 61st Street

General Information
School Information
  • Elementary School District: 104
  • High School District: 217
  • High School: Argo Community High School
  • Middle Or Junior School District: 104
Addtl Parking Information
  • Parking Details: Yes, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms Total: 8
  • Bedrooms (Below Grade): 0
  • Basement Type: Partially Finished, Full
  • Bedrooms Possible: 8
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 30x125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Construction: Frame
  • Roof Type: Asphalt
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Cash
  • Public Document Count: 1
  • Document Date: 2025-12-10T14:42:53
  • Photos Count: 20
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $52,800.00
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM
Unit 4
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MTM

Property History for 7548 West 61st Street

DateEvent & SourcePriceAppreciation
Nov 18, 2025

Listed (Active)

MRED #12519853

$350,000
DateEvent & SourcePrice
11/18/2025

Listed (Active)

MRED #12519853

$350,000

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

Schools near 7548 West 61st Street

This home is within Argo Chsd 217 School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 4
Public - 5
Public - 6 to 8
Rating
School
Distance
Walsh Elementary School
PublicK to 4

W W Walker Elementary School
PublicK to 4

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.

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7548 West 61st Street is a multi-family home for sale in Summit, IL 60501. This property was listed for sale on November 18, 2025 by Coldwell Banker Realty, it's currently listed at $350,000. This listing's school districts are Summit School District 104, Argo Chsd 217 School District. Nearby schools include Walsh Elementary School, W W Walker Elementary School and Dr Donald Wharton Elementary School. 7548 West 61st Street is a 8-bed, 5-bath, multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

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 12/10/2025 10:17 AM. 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.