7951 S Burnham Ave - 7951 S Burnham Ave 6 Unit Apartment Building Offered at $584,514 CAD Chicago, IL 60617

Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago, this value-add multifamily investment opportunity offers investors the chance to acquire a solid 6-unit brick apartment building at a purchase price of $420,000. The property is comprised of (6) two-bedroom, one-bathroom units, providing a consistent and desirable unit mix that appeals to a broad range of renters seeking functional, well-proportioned living spaces.
Each apartment features a practical layout with separate living and dining areas, creating a more comfortable residential feel than a standard compact floor plan. The kitchens include pantry space, adding everyday convenience and storage for tenants. This layout design enhances tenant appeal and provides a strong foundation for an investor looking to improve the property through cosmetic upgrades, operational efficiencies, and rental repositioning over time.
From an investment standpoint, the property presents a compelling opportunity for a new owner to increase rents and overall asset value through a strategic value-add program. Whether the plan is to renovate units as they turn, improve common areas, enhance exterior curb appeal, or optimize management, the building offers clear upside for an investor focused on stabilization, equity creation, and long-term cash flow growth. The all-brick construction also provides the durability and character that many investors value in Chicago multifamily assets.
In addition to the residential units, the property includes a 3-car detached garage, which can serve as an added amenity for tenants and may also present additional income potential depending on how parking or garage usage is structured. This extra component adds another layer of utility and value to the overall investment.
The location further strengthens the opportunity. Situated just south of the South Shore neighborhood, the property benefits from convenient access to South Shore Drive, Lake Michigan, major expressways, and multiple forms of public transportation, making it well-positioned for commuters and residents seeking connectivity to surrounding neighborhoods and employment hubs. Its proximity to key transportation routes and neighborhood amenities supports long-term rental demand and investor confidence in the submarket.
Offered AS-IS, this asset is ideal for investors seeking a multifamily property with immediate scale, operational upside, and the ability to unlock additional value over time. For buyers looking to build equity, improve cash flow, and capitalize on a well-located Chicago multifamily asset, this offering represents a strong acquisition opportunity.