7311 Archer Ave, Summit, IL 60501
Property image
Property image
OFF MARKET

$305,900

Trulia Estimate
  • Studio
  • 2,500 sqft

7311 Archer Ave, Summit, IL 60501

Est. Refi. Payment $2,179/mo*
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Home Value

Trulia Estimate
$306K
Since last month
Increased$32K (+11.4%)
Since last year
Increased$29K (+10.1%)
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 +48% in the last 10 years
MonthEstimated value
2026
August 2026$312K
August 2026$306K
July 2026$280K
June 2026$275K
May 2026$326K
April 2026$287K
March 2026$269K
February 2026$288K
January 2026$289K
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
5347 S 73rd Ave, Summit, IL
0.21
Single-Family Home
$105,000
12/09/25
5
2
2,500
7329 W 55th Pl, Summit, IL
0.07
Single-Family Home
$361,000
05/26/26
3
2
1,400
7341 W 55th Pl, Summit, IL
0.08
Single-Family Home
$307,000
08/18/26
3
2
1,204
7515 W Douglas Ave, Summit, IL
0.22
Single-Family Home
$289,900
07/21/26
4
1.5
1,800
5445 S 73rd Ave, Summit, IL
0.09
Single-Family Home
$208,209
10/04/25
3
2
1,753
5400 S Nottingham Ave, Chicago, IL
0.31
Single-Family Home
$365,000
08/03/26
3
2
2,224
5546 S Nottingham Ave, Chicago, IL
0.28
Single-Family Home
$300,000
02/13/26
3
2
1,895
5324 S Neva Ave, Chicago, IL
0.31
Single-Family Home
$730,000
09/01/26
5
3.5
2,990
7324 W 56th St, Summit, IL
0.09
Single-Family Home
$220,000
06/02/26
3
1
960
5402 S 73rd Ave, Summit, IL
0.18
Single-Family Home
$260,000
05/12/26
5
2
1,250

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
7318 W Archer Ave, Summit Argo, IL 60501
0.04
$325,000
4
2
-
Recently Sold
5446 S 73rd Ct, Summit, IL 60501
0.08
$492,700
5
3
2,817
Off Market
7349 W Archer Ave, Summit Argo, IL 60501
0.05
$462,600
7
3
-
Off Market
7303 Archer Ave, Summit Argo, IL 60501
0.02
$513,500
8
3
-
Off Market
5436 S 73rd Ct, Summit, IL 60501
0.10
$474,900
5
2.5
2,400
For Sale
5427 S 73rd Ct, Summit, IL 60501
0.12
$422,800
5
3
-
Off Market
7329 W 55th Pl, Summit, IL 60501
0.07
$361,000
3
2
1,400
Recently Sold
7341 W 55th Pl, Summit, IL 60501
0.08
$307,000
3
2
1,204
Recently Sold
5436 S 74th Ave, Summit, IL 60501
0.14
$318,700
3
2
1,257
Off Market
5444 S 72nd Ct, Summit, IL 60501
0.11
$417,800
4
2
11,250
Off Market
5440 S 72nd Ct, Summit, IL 60501
0.12
$409,900
4
2.5
2,203
Off Market
5514 S 72nd Ct, Summit, IL 60501
0.09
$331,300
3
2
3,720
Off Market

Local Information

  • Map ViewExplore the area around 7311 Archer Ave.
  • Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
2,500 sqft
$122/sqft

About this House

Prime Archer Ave Location! Current Being Leased Solely As A Liquor/Convenient Store. Property Consists Of 6 Separate Lots. Many Possible Uses. Cure Nt Zoning Is B-2 General Business. Please Check With Village Of Summit To Confirm Current And Possible Future Use Of Property. Taxes Have Not Been Protested! Feel Free To Walk Property. Do Not Bother Current Tenants!
7311 Archer Ave, Summit, IL 60501 is a studio, 2,500 sqft single-family home. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $305,900, with a rent estimate of $2,858/month.

Home Details for 7311 Archer Ave

Property Information

Property Type / Style
Property Type: Single Family Home

Price and Tax history

DateEventPrice
Feb 18, 2011
Source: Agent Provided
ListingRemoved
$495,000
Feb 16, 2010
Source: Agent Provided
Listed For Sale
$495,000

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 7311 Archer Ave

  • What is 7311 Archer Ave estimated to be worth?
    Trulia's estimated value for 7311 Archer Ave in Summit, IL is $305,900.
  • 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.
  • What are the closest schools to 7311 Archer Ave?
    The closest schools to 7311 Archer Ave in Summit, IL are Argo Community High School (rated 6/10), Dr Donald Wharton Elementary School (rated 8/10), Heritage Middle School (rated 6/10).

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