17-Unit Apartment
For Sale
$599,900
7951 S Muskegon Avenue, Chicago, IL 60617
Apartment property near a Metra station and Rainbow Beach, with an additional 16-unit building available from the same seller.
Property SizeContact for details
Days on Market210
Property Features for 7951 S Muskegon Avenue
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Public Transit
Yes
Multifamily Units
17
Taxes and HOA fees
Annual Taxes
$17,459
Building Details
Year Built
1925
Buildings
1
Stories
3
Units
17
Listing Agency:
Chicago Real Estate Resources
(773) 327-9300
Listed By:
Steven Rapoport · License #471006648
(773) 327-9300
Source:
Allinonerealestateco
Added: Feb 2
Changed: Aug 29
Last Checked: Aug 30 at 5:35PM
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.
Built in 1925, this apartment building contains 17 units and is offered as a multifamily acquisition. The property may be combined with 7957-7959 S Muskegon Ave, another building from the same seller containing 16 additional units.
The asset is located near the upcoming Quantum Shore mixed-use development and just down the street from the Cheltenham/79th Street Metra stop. Rainbow Beach is within walking distance, adding access to nearby recreational space and transit-oriented connectivity.
The asset is located near the upcoming Quantum Shore mixed-use development and just down the street from the Cheltenham/79th Street Metra stop. Rainbow Beach is within walking distance, adding access to nearby recreational space and transit-oriented connectivity.
Key Highlights
- 17‑unit apartment building constructed in 1925
- Potential to combine with 7957‑7959 S Muskegon Ave for 16 additional units
- Near the upcoming Quantum Shore mixed‑use development
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property near a Metra station and Rainbow Beach, with an additional 16-unit building available from the same seller.
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 constructed in 1925; Potential to combine with 7957‑7959 S Muskegon Ave for 16 additional units; Near the upcoming Quantum Shore mixed‑use development
