7957-7959 S Muskegon Ave - Apartments FOR SALE


Chicago, IL 60617- South Chicago
$825,000 USD
847-863-2707
7957-7959 S Muskegon Ave, Chicago, IL for Sale
$825,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

7957-7959 S Muskegon Ave
Chicago, IL 60617
South Chicago


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

16

PRICE/UNIT

$51,563

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,119 SF

ZONING

RT-4

APN/PARCEL ID

21-31-201-036-0000

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.