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5535 S Archer Rd, Summit, IL 60501
About this home
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.
Redfin Estimate
Market trends in 60501, IL
Last updated August 2026
Buyer's Market
Seller's Market
Balanced market
Provided by Redfin
Sale history for 5535 S Archer Rd
$57/sq ft
$57/sq ft
$71/sq ft
Tax history for 5535 S Archer Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Outdoor Parking: 1-5 Spaces
Interior
- Equipment
- # Of Ranges: 1
Exterior
- Building Information
- # of Units: 2
- Built Before 1978 (Y/N): Yes
- Roof Structure: Flat
- Foundation Details: Concrete Perimeter
- Construction Materials: Block, Brick
- Property Information
- Property Type: Mixed Use
- Parcel Number: 18132020030000
- Lot Information
- Dimensions: 25 X 125
- Zoning: COMMR
Financial
- Tax Information
- Tax Annual Amount: $6,467.21
- Tax Year: 2023
- Financial Information
- Finance Code: Cash
Utilities
- Utility Information
- Electric: Circuit Breakers
- Heating & Cooling
- Heat/Ventilation: Forced Air
Location
- Location Information
- Township: Lyons
- Directions: Harlem Avenue to Archer Avenue West to Archer Road South to 5535
Public facts
- Beds: 4
- Baths: 3.5
- Sq. Ft.: 1,760
- Stories: 2.0
- Lot Size: 3,125 square feet
- Style: Multi-Family (5+ Unit)
- Year Built: 1908
- Year Renovated: —
- County: Cook County
- APN: 18132020030000
Other
- Listing Information
- Some Photos Virtually Staged?: No
Around this home
Schools
Public K-5 • Assigned • 0.1mi
Public 6-8 • Assigned • 0.6mi
Public 9-12 • Assigned • 1.0mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 101° expected this year, 15 days in 30 years
1% chance of strong winds in next 30 years
3 unhealthy days expected this year, 5 days in 30 years
Sun exposure
In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.
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Home values near 5535 S Archer Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 1875 Sq. Ft. | — |
3 Beds | 1.5 Baths | 1118 Sq. Ft. | $235,060 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1147 Sq. Ft. | $280,777 |
3 Beds | 1.5 Baths | 1118 Sq. Ft. | $215,296 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | 2572 Sq. Ft. | $410,451 |
5 Beds | 2 Baths | 2112 Sq. Ft. | — |
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