$ 799,000 7408 W 58th Street Summit, IL

MLS: 12750215   Type: Multi-Family   County: Cook   City: Summit   Zip: 60501   Style: Multi-Family     Taxes: $14,335

Mortgage $3,751 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

10

0

0

0

0

1966

An exceptional turn-key cash flow opportunity awaits at 7408 W 58th St, a fully tenant-occupied, well-maintained 6-unit brick building designed for high-yield portfolio growth. Offering immediate, stabilized income from long-term tenants, this property features a highly desirable unit mix of four spacious 2-bedroom, 1-bathroom units and two efficient 1-bedroom, 1-bathroom units. Capital improvements include a roof replaced roughly six years ago, while value-add amenities like 5 exterior parking spaces, private tenant storage lockers, and an on-site coin-operated laundry facility drive extra passive revenue. Superbly managed and ideally situated near I-55 for effortless commutes into Chicago and surrounding suburbs, this rock-solid investment is a seamless plug-and-play addition to any portfolio.

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Price History

9/8/2026 Listed $799,000

Cooling Window Unit(s)
Roof Composition
Zoning MULTI
Construction Materials Brick
Year Built 1966
Electric Circuit Breakers,Separate Meters
Tenant Pays Electricity
Stories Count 2
Township Lyons
Tax Year 2025
Current Use Multi-Family
Gross Income 63360
County Cook
Net Operating Income 35434
Operating Expense 27926
Insurance Expense 3700
Property Type Commercial Sale
Contingency Attorney/Inspection
MaintenanceExpense 0
Status Contingent
Directions Head south on Harlem Ave to 58th St. Turn right (west) on 58th St to address; property is on the south side of the street.
City Summit
Number Of Units Total 6
MLS Area Summit
Tax Annual Amount 14335.2
Electric Expense 570
Fuel Expense 4990
Trash Expense 865
Water Sewer Expense 3980
Additional Parcels Y/N N
Standard Status Active Under Contract
Property Type Multi Family 5+

Exterior Features

Foundation Details Concrete Perimeter
Lot Dimensions 43X125

Property Schools



Direct Link:

https://vickisingleton.josephmacey.com/property/103-12750215-7408-w-58th-street-summit-IL-60501

Gallery (20 photos)

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Property vs Zip Code Avg (60501)

Price 799K Avg 0

Taxes $14,335 Avg $0

Visits 17 Avg 0

Days on Site 22 Avg 20,726

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Listed By: Baird & Warner




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Location & Address

Vicki Singleton
66 N Broadway
Nyack, NY
Cell: 845-555-4148