16-Unit Apartment
For Sale
$799,000
7959 South Muskegon Avenue, Chicago, IL 60617
Located near a Metra stop and Rainbow Beach, with an option to assemble an additional building from the same seller.
Property SizeContact for details
Days on Market220
Property Features for 7959 South Muskegon Avenue
General Information
Standard status
Active
Property subtype
Multi Family 5+ / Flats
Additional Details
Public Transit
Yes
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$15,410
Building Details
Year Built
1929
Buildings
1
Stories
3
Listing Agency:
Chicago Real Estate Resources
(847) 863-2707
Listed By:
Steven Rapoport · License #471006648
(847) 863-2707
Source:
Compass
Added: Jan 22
Changed: Aug 29
Last Checked: Aug 29 at 1:21PM
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 16-unit apartment building at 7959 South Muskegon Avenue was constructed in 1929. The property is offered with the potential to combine with 7951 S Muskegon Ave, an additional 17-unit building available from the same seller, creating a larger multifamily assemblage.
The property is near the Cheltenham/79th Street Metra stop and within walking distance of Rainbow Beach. It is also located near the upcoming Quantum Shore mixed-use development, providing proximity to a planned project that is expected to influence the surrounding area. The address is in Chicago, Illinois 60617.
The property is near the Cheltenham/79th Street Metra stop and within walking distance of Rainbow Beach. It is also located near the upcoming Quantum Shore mixed-use development, providing proximity to a planned project that is expected to influence the surrounding area. The address is in Chicago, Illinois 60617.
Key Highlights
- 16‑unit apartment building constructed in 1929
- Additional 17‑unit building available from the same seller at 7951 S Muskegon Ave
- Potential to combine the two properties into a larger multifamily assemblage
Property Analytics
Property Profile
Current Use
Lease Details
16
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 - Located near a Metra stop and Rainbow Beach, with an option to assemble an additional building from the same seller.
Where is this apartment building located?
The property is located at 7959 South Muskegon Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 16‑unit apartment building constructed in 1929; Additional 17‑unit building available from the same seller at 7951 S Muskegon Ave; Potential to combine the two properties into a larger multifamily assemblage
