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Apartment Buildings with Updated Decks
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Pending

8927 S Muskegon Ave, Chicago, IL 60617

Two-building multifamily property with renovated units and tenant-paid utilities.

Property SizeContact for details
Days on Market145

Property Features for 8927 S Muskegon Ave

General Information

Standard status Pending
Property subtype Retail
Occupancy 50%

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Cap Rate 5.16%
Multifamily Units 8

Building Details

Buildings 2
Listing Agency: Compass Roscoe Village
Listed By: David Mishel · License #IL
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 2 at 12:19PM

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 Compass Roscoe Village

Investment Insights

Based on property information with market context.

This multifamily property at 8927 S Muskegon Ave includes two buildings with multiple residential units. Renovated areas include units identified as 1B, 2B, 3A, 3B, and the coach house units. Deck improvements have been completed and are described as code-compliant, while some windows were replaced in recent years. Utilities are separate and paid by tenants.

The property is directly across from Bessemer Park, which includes a swimming pool and tennis courts. Baker College Prep is located around the corner. Showings are available by appointment on Wednesdays or Thursdays from 11 a.m. to 3 p.m., with 48 hours’ notice required for tenant access.

Key Highlights

  • Two buildings at 8927 S Muskegon Ave, Chicago, IL 60617
  • Renovated units include 1B, 2B, 3A, 3B, and the coach house units
  • Updated decks described as code‑compliant

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Kitchen & Bath Showroom Garden Center (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

8
Residential units
50%
Occupancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

960
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 - Two-building multifamily property with renovated units and tenant-paid utilities.
Where is this apartment building located?
The property is located at 8927 S Muskegon Ave Chicago, IL.
What are key features of this property?
This property features: Two buildings at 8927 S Muskegon Ave, Chicago, IL 60617; Renovated units include 1B, 2B, 3A, 3B, and the coach house units; Updated decks described as code‑compliant
More about this property
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