Commercial: Multi Family 5+ - MLS# 12559454
Tools & Resources:
Description
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.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60617
- Year Built: 1929
- Stories: 3
- Units: 16 units
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Directions: Corner of Muskegon Ave and 80th Street
- Heat/Ventilation: Central Bldg Heat
- Information: 24-Hr Notice Required, Foreclosure
- Main Type: Commercial Sale
- Tax Annual Amount: 15409.6
- Tax Year: 2024
- Type Multi-Family: Flats
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