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7951-7955 S Muskegon Ave 17 Unit Apartment Building $1,116,736 CAD ($65,690 CAD/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 | $1,116,736 CAD | Building Class | C |
| Price Per Unit | $65,690 CAD | 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 | $1,116,736 CAD |
| Price Per Unit | $65,690 CAD |
| 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 | $109,752 CAD |
| Land Assessment | $12,787 CAD | Total Assessment | $122,539 CAD |
PROPERTY TAXES
Parcel Number
21-31-201-035-0000
Land Assessment
$12,787 CAD
Improvements Assessment
$109,752 CAD
Total Assessment
$122,539 CAD
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7951-7955 S Muskegon Ave
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