5540 S 74th Ave, Summit, IL 60501
Property image
Property image
OFF MARKET

$418,300

Trulia Estimate
  • 5 Beds
  • 4 Baths
  • 2,304 sqft

5540 S 74th Ave, Summit, IL 60501

Refinance Your Home
Currently Off Market - Sold May 22, 2012 for $165,000

Home Value

Trulia Estimate
$418K
Since last month
Increased$2K (+0.5%)
Since last year
Increased$12K (+2.8%)
Since last sale
Increased$254K (+153.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +26% in the last 10 years
MonthEstimated value
2026
August 2026$419K
August 2026$419K
July 2026$417K
June 2026$424K
May 2026$415K
April 2026$415K
March 2026$403K
February 2026$392K
January 2026$384K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
Address Not Disclosed, Summit, IL
0.19
Single-Family Home
$180,250
10/03/25
5
2
1,236
5347 S 73rd Ave, Summit, IL
0.33
Single-Family Home
$105,000
12/09/25
5
2
2,500
5445 S 73rd Ave, Summit, IL
0.22
Single-Family Home
$208,209
10/04/25
3
2
1,753
7515 W Douglas Ave, Summit, IL
0.22
Single-Family Home
$289,900
07/21/26
4
1.5
1,800
7338 W 57th St, Summit, IL
0.13
Single-Family Home
$300,000
07/10/26
4
2
1,200
7341 W 55th Pl, Summit, IL
0.06
Single-Family Home
$307,000
08/18/26
3
2
1,204
7319 W 58th Pl, Summit, IL
0.36
Single-Family Home
$385,900
06/30/26
5
3
1,800
7311 W 58th St, Summit, IL
0.30
Single-Family Home
$575,000
12/19/25
5
3
2,970
5324 S Neva Ave, Chicago, IL
0.45
Single-Family Home
$730,000
09/01/26
5
3.5
2,990
7324 W 56th St, Summit, IL
0.08
Single-Family Home
$220,000
06/02/26
3
1
960

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5612 S 74th Ave, Summit, IL 60501
0.05
$282,100
2
1
988
Off Market
7348 W 56th Pl, Summit Argo, IL 60501
0.08
$362,200
5
3
-
Off Market
7440 W 56th Pl, Summit, IL 60501
0.11
$439,000
4
2
3,030
Off Market
7341 W 55th Pl, Summit, IL 60501
0.06
$307,000
3
2
1,204
Recently Sold
7441 W 56th Pl, Summit, IL 60501
0.13
$348,900
5
2
1,622
Off Market
7341 W 56th Pl, Summit, IL 60501
0.11
$345,000
5
2
-
Recently Sold
7329 W 55th Pl, Summit, IL 60501
0.09
$361,000
3
2
1,400
Recently Sold
7324 W 56th Pl, Summit, IL 60501
0.10
$344,700
4
2
1,384
Off Market
7338 W 57th St, Summit, IL 60501
0.13
$300,000
4
2
1,200
Recently Sold
7349 W Archer Ave, Summit Argo, IL 60501
0.11
$462,600
7
3
-
Off Market
7330 W 57th St, Summit, IL 60501
0.14
$370,600
3
3
2,136
Off Market
7427 W 57th St, Summit, IL 60501
0.17
$345,000
3
1
900
Off Market

Local Information

  • Map ViewExplore the area around 5540 S 74th Ave.
  • Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2005
2,304 sqft
$182/sqft
Garage

About this House

ALL BRICK TWO STORY HOME WITH 3200 SQ FEET. FULL FINISHED BASEMENT TWO FIRE PLACES 5 BEDROOMS 3 FULL BATHS... HARDWOOD AND CERAMIC FLOORS BEAUTIFUL, GENEROUS SIZED ROOMS MUST SEE... APPROVED FOR SHORT SALE. BANK SAYS SELL MAKE OFFERS! Taxes for 2011 are projected to be $10712.08 based on value of home being 310,000.00 dollars... Bank approved sales price of $175,000.00 short sale is approved Bank says bring offer...
5540 S 74th Ave, Summit, IL 60501 is a 5 bedroom, 4 bathroom, 2,304 sqft single-family home built in 2005. It last sold for $165,000 on May 22, 2012. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $418,300, with a rent estimate of $3,787/month.

Home Details for 5540 S 74th Ave

Interior Features

Interior Details
BasementNumber of Rooms: 7
Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: Stone
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Community

Units in Building: 1

Lot Information

Lot Area: 4896 sqft

Price and Tax history

DateEventPrice
May 22, 2012
Source: MRED as distributed by MLS GRID #07984776
Sold
$165,000
Mar 18, 2012
Source: Agent Provided
PriceChange
$174,500
Price decreased by 0%
Feb 28, 2012
Source: Agent Provided
PriceChange
$174,900
Price decreased by 0%
Feb 19, 2012
Source: Agent Provided
PriceChange
$175,000
Price decreased by 1%
Feb 14, 2012
Source: Agent Provided
PriceChange
$177,000
Price decreased by 1%

Market trends in Summit

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
11
3MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Summit

At least 61 Trulia users voted on each feature.

  • 91 % Say there are sidewalks

  • 84 % Say yards are well-kept

  • 82 % Say it's dog friendly

  • 81 % Say it's walkable to restaurants

  • 77 % Say it's walkable to grocery stores

  • 72 % Say streets are well-lit

  • 71 % Say there's holiday spirit

  • 70 % Say kids play outside

  • 69 % Say it's quiet

  • 65 % Say car is needed

  • 65 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say parking is easy

  • 43 % Say neighbors are friendly

  • 36 % Say there are community events

  • 30 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Dan Ellis
    "Working class families with some retail and interstate and metro access. "
    0
    Flag
  • Yasmin Richardson
    "The neighborhood has access to public transportation, which I feel is necessary to live here. A car is a must or some means of transportation. "
    0
    Flag
  • Nicolas Ochoa
    "I really like to see the mind walking with its dogs and exercising. "
    0
    Flag
  • Yessica D.
    "My neighbor has easy access to public transportation. Everything is within walking distance if you don’t drive or want to commute."
    1
    Flag
  • Loreenmay63
    "There is no bus service in this neighborhood along Archer/route 171. So you need a vehicle to get around. "
    0
    Flag
  • Veronica T.
    "The schools are great neighborhood is kind of quiet but there are a lot of nosey people around here as well"
    1
    Flag
  • Beken1980
    "Summit used to have movie nights but they stopped doing that, as well as car shows. I'm not a fan of this area. Property taxes are ridiculously expensive for a town that doesn't even fix their streets. Ive lived here for 19 years, 19 years to many if you ask me. "
    3
    Flag
  • Judith P.
    "wish neighbors were friendlier but you do feel safe. close to 55. malls close to the area. 15 minutes from midway. "
    0
    Flag
  • Marisol R.
    "I've lived in this area for 7 yrs and I like it alot. Neighbors are very nice. I love the schools as well. "
    0
    Flag
  • Rudy Y.
    "Gritty folks all they do is win win win no matter what. People can’t stop heart and determination. Many generations have lived here and grown together. It is a tight knit community"
    3
    Flag
  • Tanabellzdad43
    "everyone minds thier business with the occasional loud party on the weekend its a hard working family community"
    0
    Flag
  • Tanabellzdad43
    "everyone minds there own business. everyone gets along it gets a little lound on the weekends but nothing crazy "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5540 S 74th Ave

  • What is 5540 S 74th Ave estimated to be worth?
    Trulia's estimated value for 5540 S 74th Ave in Summit, IL is $418,300.
  • What is the price history for 5540 S 74th Ave?
    5540 S 74th Ave in Summit, IL last sold for $165,000 in May 2012.
  • Is Summit a buyer's or seller's market?
    Summit is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Summit?
    Residents describe Summit, IL as pedestrian-friendly, well-kept, and dog-friendly. See recently sold homes in Summit, IL.
  • Does 5540 S 74th Ave have air conditioning?
    Yes, 5540 S 74th Ave in Summit, IL has air conditioning.
  • How big is the lot at 5540 S 74th Ave?
    The lot at 5540 S 74th Ave in Summit, IL is about 0.11 acres (4,896 sq ft).

Explore by feature - Air Conditioning

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