About This Home

This 16-bedroom, 16-bathroom residential multi family at 7959 S Muskegon Avenue in Chicago, IL is listed for $549,900. Built in 1929, on a N/A lot.

Key Features

  • Built in 1929
  • 3 stories

Property Details

3 stories
16 full
1929
Listing Description

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 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.

Monthly Cost Estimate

$2,941/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160

Estimates only. Actual payments may vary.

Location

7959 S Muskegon Avenue

Chicago, IL 60617

Questions & Answers

This 16-bedroom, 16-bathroom residential multi family at 7959 S Muskegon Avenue is listed at $549,900. The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1929, 3 stories.

This property is listed by Steven Rapoport.

SR

Steven Rapoport

Agent at Chicago Real Estate Resources

Listed by Chicago Real Estate Resources · Broker phone: (773) 327-9300 · View on Broker Site · Broker website

MLS# 12559454· Source: Midwest Real Estate Data, LLC· 272 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7959 S Muskegon Avenue, Chicago, IL 60617

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