7951 S Muskegon Avenue
Chicago, IL 60617

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Description

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.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60617
• Year Built: 1925
• Stories: 3
• Units: 17 units
• Basement: Unfinished
• # Of Ranges: 17
• # Of Refrigs: 17
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: 79TH STREET EAST OF YATES TO MUSKEGON SOUTH TO BUILDING
• Electric: Circuit Breakers, Other
• Electric Expense Source: Combination
• Expense Year: 2025
• Fuel Expense Source: Combination
• Heat/Ventilation: Central Bldg Heat
• Information: 48-Hr Notice Required
• Insurance Expense Source: Combination
• Lot Size Square Feet: 7254
• Main Type: Commercial Sale
• Operating Expense: 12399
• Repairs-Decor Expense Source: Combination
• Roof Structure: Flat
• Tax Annual Amount: 17459
• Tax Year: 2024
• Tenant Pays: Varies by Tenant
• Total Annual Expense Source: Combination
• Township: Hyde Park
• Trash Expense Source: Combination
• Type Multi-Family: Corridor-Interior Entrance
• Water Expense Source: Combination