About This Home

This 2-bedroom, 1-bathroom commercial at 7408 W. 58th Street in Summit, IL is listed for $799,000. Built in 1966, on a N/A lot.

Key Features

Built in 1966

Property Details

1 full

1966

Listing Description

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.

Monthly Cost Estimate

$4,273/mo

20% down · 6.5% · 30 years

Principal$578

Interest$3,462

Insurance$233

Estimates only. Actual payments may vary.

Location

7408 W. 58th Street

Summit, IL 60501

Questions & Answers

This 2-bedroom, 1-bathroom commercial at 7408 W. 58th Street is listed at $799,000. The estimated monthly payment is $4,273 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1966.

This property is listed by Dan Ortiz.

Dan Ortiz

Agent at Baird & Warner Real Estate

7408 W. 58th Street, Summit, IL 60501