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Three-Unit Multifamily Building
For Sale
$450,000

7955 S Manistee Avenue, Chicago, IL 60617

Two residences are leased, while the remaining unit is vacant and ready for occupancy.

Property SizeContact for details
Days on Market24

Property Features for 7955 S Manistee Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income
Zoning MULTI

Taxes and HOA fees

Annual Taxes $6,651

Building Details

Year Built 2007
Listing Agency: Keller Williams Preferred Realty
Listed By: Emiko Pope · License #475157579
Source: Allinonerealestateco
Added: Aug 6 Changed: Aug 28 Last Checked: Aug 29 at 10:22AM

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 Keller Williams Preferred Realty

Investment Insights

Based on property information with market context.

This three-unit multifamily property at 7955 S Manistee Avenue includes three-bedroom, one-bathroom residences, each with generous outdoor space and practical layouts. Constructed in 2007 and zoned MULTI, the building has been maintained for continued residential use. One unit is vacant, while the other two are occupied under leases extending through January 2027 and August 2027.

The Chicago property is positioned near shopping, dining, parks, schools, public transportation, major roadways, and the lakefront. Nearby large-scale projects include the Obama Presidential Center in Jackson Park and Quantum Shore, the planned redevelopment of the former U.S. Steel South Works site. The combination of a three-unit configuration, established tenancy, and one available residence supports both owner-occupancy and continued rental use.

Key Highlights

  • Three‑unit multifamily building constructed in 2007
  • Each unit offers 3 bedrooms, 1 bathroom, and large outdoor space
  • Unit 2 is vacant and move‑in ready

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency 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.

Location Intelligence

Trade Area within ½ mile

897
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Two residences are leased, while the remaining unit is vacant and ready for occupancy.
Where is this triplex located?
The property is located at 7955 S Manistee Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑unit multifamily building constructed in 2007; Each unit offers 3 bedrooms, 1 bathroom, and large outdoor space; Unit 2 is vacant and move‑in ready
More about this property
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