7951 South Muskegon, Chicago IL 60617
Property Description
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.
Features & Information
Key Details
- List Price $800,000
- Property Taxes $12,399
- Price/ Sq. Ft. Unavailable
- Year Built 1925
- Status New
Building Information
- Age of Building Older
- Exterior Construction Brick
- Foundation Other
- Heating & Cooling Central Bldg Heat
Location
- County Cook
- Directions to Property 79th Street East Of Yates To Muskegon South To Building
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Property Taxes
- Tax 12399
- Parcel Identification Number 21312010350000
Listed by Steven Rapoport for Chicago Real Estate Resources | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/19/2025 6:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore South Chicago
In a community that once buzzed with the heavy production of US Steel (one of the country's major steel manufacturers), South Chicago is a neighborhood rich in history centered about industry and organized labor. Today, these former industrial areas near Lake Michigan are some of the last few fleeting frontiers for development in the city. Acres of land along South Chicago's lakefront have not yet been built up — begging the interest of commercial and residential developers who continue to push south in search of prime real estate property. The neighborhood is bordered to the west by the Chicago Skyway, providing the region with good transportation. Both public schools and private academies dot the area, affording families their choice of scholastic options.
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