7408 W 58th Street
Summit, IL, 60501
$799,000
10 Beds
6 Baths
0 SqFt
0 Acres
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MLS #MRD12750215 image #0
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.

Property Details

Price:
$799,000
MLS #:
MRD12750215
Status:
Active Under Contract
Beds:
10
Baths:
6
Type:
Commercial
Neighborhood:
summit
Listed Date:
Sep 8, 2026
Year Built:
1966
SummitSummit

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick
Roof
Composition
Stories
2

Financial

Net Operating Income
$35,434
Tax Year
2025
Taxes
$14,335

Map

Community

Market Summary

Current real estate data for Commercial in Summit as of Oct 06, 2026
12
Commercial Listed
99
Avg DOM
$583,975
Avg List Price

Property Summary

    7408 W 58th Street Summit IL is a Commercial for sale in Summit, IL, 60501. It is listed for $799,000

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