7951-7955 S Muskegon Ave - Apartments FOR SALE


Chicago, IL 60617- South Chicago
$800,000 USD
847-863-2707
7951-7955 S Muskegon Ave, Chicago, IL for Sale
$800,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

7951-7955 S Muskegon Ave
Chicago, IL 60617
South Chicago


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

17

PRICE/UNIT

$47,059

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

MF

APN/PARCEL ID

21-31-201-035-0000

ASK ABOUT THIS PROPERTY

Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

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Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.