7951 S Muskegon Avenue, Chicago, IL 60617

Units: 17
Price / Unit: $35,288
Year Built: 1,925

Property Overview

17-unit building ideal for value-add investors looking to build sweat equity. Can be combined with 7957-7959 S Muskegon Ave, adding an additional 16 units available from the same seller. 7951 S Muskegon Ave is well-positioned for growth with its proximity to the upcoming quantum Shore development, a transformative mixed-use project that is anticipated to drive demand for quality housing. This location offers investors a rare opportunity to capitalize on early-stage momentum in a rapidly evolving location. Additionally, this property is located just down the street from the Cheltenham/79th Street Metra stop and walking distance to Rainbow Beach.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Expenses: $12,399
Annual Taxes: $17,459 (2024)

Property Details

Units: 17
Lot Size: 7,254 SF
Lot Dimensions: 7254
Stories: 3
Year Built: 1925
Building Age: Older
Construction: Brick
Roof: Flat
Parcel Number: 21312010350000

Operations & Utilities

Heating: Central Bldg Heat
Cooling: None
Tenant Pays: Varies by Tenant
Electric: Circuit Breakers, Other
Possession: Closing

Location & Use

County: Cook
Market Area: Chicago - South Chicago
Township: Hyde Park

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.