$800,000

Estimated payment $5,392/month

Total Views 378
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

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.

Listing Agent

Steven Rapoport

Chicago Real Estate Resources License #471006648 Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,399

Year Built

  • Built in 1925

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Utilities

  • No Cooling
  • Central Heating

Additional Features

  • 3-Story Property
  • 7,254 Sq Ft Lot

Community Details

  • 17 Units
  • Operating Expense $12,399

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,399

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Refrigerators: 17
  • Ranges: 17
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Other
  • List Price: 800000
  • Roof Structure: Flat

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Other
  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 7254
  • Lot Size Sq Ft: 7254

Rental Info

  • Tenant Pays: Varies by Tenant
  • Board Number: 8

Multi Family

  • NumberOfUnitsTotal: 17
  • OperatingExpense: 12399
  • Expense Year: 2025
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12399
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $800,000 -- --
Source: Midwest Real Estate Data (MRED)

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    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12449470

Midwest Real Estate Data (MRED)

APN: 21312010350000