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Six-Unit Brick Apartment Building
For Sale
$420,000

7951 S Burnham Avenue, Chicago, IL 60617

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market151

Property Features for 7951 S Burnham Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 42
Bathrooms 21
Full bathrooms 21
Rooms Bedroom 3, Bedroom 28, Bathroom 6, Bathroom 13, Bedroom 23, Bedroom 40, Bedroom 6, Bedroom 13, Bedroom 26, Bedroom 2, Bedroom 27, Bedroom 14, Bedroom 37, Bedroom 7, Bedroom 33, Bathroom 20, Bedroom 31, Bathroom 18, Bathroom 7, Bathroom 16, Bedroom 15, Bathroom 2, Bathroom 19, Bedroom 36, Bathroom 9, Bedroom 24, Bathroom 4, Bathroom 3, Bedroom 18, Bathroom 10, Bedroom 9, Bedroom 11, Bathroom 8, Bedroom 17, Bedroom 38, Bedroom 4, Bathroom 14, Bathroom 21, Basement, Bedroom 19, Bedroom 10, Bedroom 8, Bedroom 16, Bedroom 34, Bedroom 35, Bedroom 39, Bedroom 32, Bedroom 42, Bedroom 29, Bedroom 30, Bedroom 22, Bathroom 1, Bathroom 5, Bathroom 17, Bedroom 1, Bedroom 5, Bedroom 21, Bathroom 11, Bathroom 12, Bedroom 25, Bedroom 41, Bathroom 15, Bedroom 20, Bedroom 12
Basement Unfinished
Directions 79TH STREET EAST OF MUSKEGON NORTH TO BUILDING
Subdivision CHI - South Chicago
Standard status Active
APN 21312000190000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5881

Building Details

Year built 1925
Floors in Building 3
Number of units 6
Building materials Brick
Listing Agency: Keller Williams ONEChicago · Keller Williams Realty
Listed By: Tyrone Green · License #475179138
Added: Mar 26 Changed: Aug 19 Last Checked: Aug 23 at 6:06PM
MLS# 12601862

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.

Six-unit brick apartment building featuring (6) two-bedroom, one-bath units. Each unit offers a functional layout with separate living and dining areas, along with kitchens that include pantry space. The property includes a basement and is being offered AS-IS, presenting a value-add opportunity for updates and long-term income growth.

Additional exterior improvements include a 3-car detached garage. The property is located just south of the South Shore area with easy access to South Shore Drive, Lake Michigan, major highways, and public transportation in multiple directions.

Built in 1925, this MULTI-zoned residential income asset is suited for investors seeking a straightforward six-unit apartment building with an attainable interior update scope.

Key Highlights

  • (6) two‑bedroom, one‑bath units within a brick apartment building
  • Separate living and dining areas in each unit
  • Kitchens include pantry space in each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Building Supply (Bike/Boat/Book/etc) Store

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

6
Residential units
Yes
Highway access

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 - Brick six-unit multifamily property with separate living and dining areas and a 3-car detached garage.
Where is this apartment building located?
The property is located at 7951 S Burnham Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: (6) two‑bedroom, one‑bath units within a brick apartment building; Separate living and dining areas in each unit; Kitchens include pantry space in each unit
More about this property
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