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7957-7959 S Muskegon Ave 16 Unit Apartment Building $825,000 ($51,563/Unit) Chicago, IL 60617
Executive Summary
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 earlystage 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.
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 earlystage 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 | $825,000 | Building Class | C |
| Price Per Unit | $51,563 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 12,500 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1929 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | RT-4 | ||
| Price | $825,000 |
| Price Per Unit | $51,563 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 12,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 650 - 750 |
1 1
Property Taxes
| Parcel Number | 21-31-201-036-0000 | Improvements Assessment | $68,950 |
| Land Assessment | $7,750 | Total Assessment | $76,700 |
Property Taxes
Parcel Number
21-31-201-036-0000
Land Assessment
$7,750
Improvements Assessment
$68,950
Total Assessment
$76,700
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7957-7959 S Muskegon Ave
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