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7951-7955 S Muskegon Ave 17 Unit Apartment Building $774,900 ($45,582/Unit) Chicago, IL 60617
Executive Summary
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 mixeduse project that is anticipated to rive 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.
7951 S Muskegon Ave is well-positioned for growth with its proximity to the upcoming Quantum Shore development, a transformative mixeduse project that is anticipated to rive 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.
Property Facts
| Price | $774,900 | Building Class | C |
| Price Per Unit | $45,582 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF | ||
| Price | $774,900 |
| Price Per Unit | $45,582 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 15,000 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | MF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 600 |
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 21-31-201-035-0000 | Improvements Assessment | $77,833 |
| Land Assessment | $9,068 | Total Assessment | $86,901 |
Property Taxes
Parcel Number
21-31-201-035-0000
Land Assessment
$9,068
Improvements Assessment
$77,833
Total Assessment
$86,901
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7951-7955 S Muskegon Ave
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