7959 S Muskegon Avenue, Chicago, IL 60617

Active · For Sale · Multi Family 5+

$599,900

7959 S Muskegon Avenue, Chicago, IL 60617

Units
16
Price / Unit
$37,494
Year Built
1,929

Property Overview

16 unit building ideal for value-add investors looking to build sweat equity. Can be combined with 7951 S Muskegon Ave, adding an additional 17 units available from the same seller. 7957-7959 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

Annual Taxes
$15,410 (2024)

Property Details

Units
16
Lot Dimensions
6119
Stories
3
Year Built
1929
Building Age
Older
Parcel Number
21312010360000

Operations & Utilities

Heating
Central Bldg Heat

Location & Use

County
Cook
Market Area
Chicago - South Chicago

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.