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17-Unit Brick Apartment Building
For Sale
Under Contract
$599,900

7951 S Muskegon Avenue, Chicago, IL 60617

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.17 Acres
Days on Market208

Property Features for 7951 S Muskegon Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 17
Bathrooms 17
Full bathrooms 17
Rooms Bedroom 6, Bathroom 16, Bedroom 4, Bathroom 14, Bedroom 2, Bathroom 15, Bedroom 16, Bedroom 12, Bedroom 14, Bathroom 17, Bedroom 13, Bathroom 1, Bathroom 9, Bathroom 11, Bathroom 2, Bedroom 3, Bedroom 9, Bedroom 8, Bedroom 11, Bedroom 15, Basement, Bathroom 5, Bedroom 1, Bedroom 17, Bathroom 7, Bathroom 8, Bathroom 10, Bathroom 3, Bedroom 7, Bathroom 4, Bathroom 12, Bathroom 13, Bathroom 6, Bedroom 5, Bedroom 10
Basement Unfinished
Directions 79TH STREET EAST OF YATES TO MUSKEGON SOUTH TO BUILDING
Subdivision CHI - South Chicago
Standard status Active Under Contract
APN 21312010350000
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 17459

Building Details

Year built 1925
Floors in Building 3
Number of units 17
Building materials Brick
Listing Agency: Chicago Real Estate Resources
Listed By: Steven Rapoport · License #471006648
Added: Feb 2 Changed: Aug 20 Last Checked: Aug 29 at 1:06AM
MLS# 12559449

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 17-unit apartment property occupies 0.1665 acres and was constructed in 1925 with brick materials. The room inventory identifies 17 bedrooms and 17 bathrooms, along with a basement, providing a substantial multifamily layout within an established building.

The property is located near the Cheltenham/79th Street Metra stop and within walking distance of Rainbow Beach. It is also near the upcoming quantum Shore mixed-use development, adding a significant planned project to the surrounding context. The address is 7951 S Muskegon Avenue in Chicago, Illinois 60617.

Key Highlights

  • 17‑unit apartment building with 17 bedrooms and 17 bathrooms
  • Brick construction completed in 1925
  • Situated on a 0.1665‑acre parcel

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Building Supply Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17
Residential units

Location Intelligence

Trade Area within ½ mile

755
Businesses Nearby

Demographics for 60617, IL

77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 1925, the property offers established multifamily construction near transit and lakefront recreation.
Where is this apartment building located?
The property is located at 7951 S Muskegon Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 17‑unit apartment building with 17 bedrooms and 17 bathrooms; Brick construction completed in 1925; Situated on a 0.1665‑acre parcel
More about this property
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