17-Unit Multifamily
For Sale
$599,900
7951 S Muskegon Avenue, Chicago, IL 60617
Seventeen-unit residential income property offered for sale, with potential to be combined with an adjacent 16-unit opportunity.
Property SizeContact for details
Days on Market203
Property Features for 7951 S Muskegon Avenue
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Multifamily Units
17
Taxes and HOA fees
Annual Taxes
$17,459
Building Details
Year Built
1925
Stories
3
Units
17
Tenancy
Multi
Listing Agency:
Chicago Real Estate Resources
(773) 327-9300
Listed By:
Steven Rapoport · License #471006648
(773) 327-9300
Source:
Gia-sells
Added: Feb 2
Changed: Aug 23
Last Checked: Aug 14 at 12:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago Real Estate Resources
Investment Insights
Based on property information with market context.
This 17-unit multifamily property is offered for sale and is positioned for value-add investors seeking opportunities to build sweat equity. The property may also be combined with 7957–7959 S Muskegon Ave, which would add an additional 16 units available from the same seller.
7951 S Muskegon Ave is described as well-positioned for growth, including proximity to the upcoming quantum Shore development, anticipated to drive demand for quality housing. The location is also noted as being just down the street from the Cheltenham/79th Street Metra stop and within walking distance to Rainbow Beach.
As presented, the offering is a 17-unit residential income building at 7951 South Muskegon Avenue, Chicago, IL 60617.
7951 S Muskegon Ave is described as well-positioned for growth, including proximity to the upcoming quantum Shore development, anticipated to drive demand for quality housing. The location is also noted as being just down the street from the Cheltenham/79th Street Metra stop and within walking distance to Rainbow Beach.
As presented, the offering is a 17-unit residential income building at 7951 South Muskegon Avenue, Chicago, IL 60617.
Key Highlights
- 17‑unit residential income building built in 1925
- Potential to be combined with adjacent 16‑unit opportunity (7957‑7959 S Muskegon Ave)
- Next to/near upcoming quantum Shore mixed‑use development anticipated to drive demand for quality housing
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Seventeen-unit residential income property offered for sale, with potential to be combined with an adjacent 16-unit opportunity.
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 residential income building built in 1925; Potential to be combined with adjacent 16‑unit opportunity (7957‑7959 S Muskegon Ave); Next to/near upcoming quantum Shore mixed‑use development anticipated to drive demand for quality housing
