Date
Details
Price
Change
Source
3/26/2026
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Value-Add Investment Opportunity: Solid 6-unit brick building comprised of (6) 2-bedroom, 1-bath units. Each unit offers a functional layout with separate living and dining areas, along with kitchens that include pantry space. The property presents a strong opportunity for a new owner to implement updates and add value over time, with the ability to increase rental income. Ideal for investors seeking to stabilize and grow the asset. Additional features include a 3-car detached garage. Located just south of the South Shore area, with easy access to South Shore Drive, Lake Michigan, major highways, and public transportation in multiple directions. Excellent opportunity to build equity and long-term cash flow. AS-IS
Full Property Details
Full Property Details for 7951 S Burnham Ave
General
- Price: $420,000
- Taxes: $5,880 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12601862
- Updated: 4/1/2026
- Added to Site: 6 day(s) ago
Interior
- Basement: Unfinished
Location
- Area: CHI - South Chicago
- County: Cook
- Driving Directions: 79TH STREET EAST OF MUSKEGON NORTH TO BUILDING
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiators
Utilities
- Trash: 90
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Stories/Levels: 3
- Year Built: 1925
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 49.8 x 124.7
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $365
- Operating Expenses: $32,988
- Assessment Year: 1925
- Tax Amount: $5,880.5
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 49
- Pays Trash: 90
Disclosures and Reports
- Property ID: 21312000190000
Listed by Keller Williams ONEChicago
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Listing agents
— 7951 S Burnham Ave —
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NMLS#: 1598647
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Schools
Schools serving 7951 S Burnham Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Bradwell Community Arts & Sci Elementary School 7736 South Burnham Avenue, Chicago, IL 60649 | K-8 | 0.3 mi |
South Shore Intl Col Prep High School 1955 East 75th Street, Chicago, IL 60649 | 12- | 1.2 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7951 S Burnham Ave
Tax History
Tax History for 7951 S Burnham Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,766
—
$35,200
135%
2023
$1,766
5%
$15,000
—
2022
$1,678
—
$15,000
—
2021
$1,677
-5%
$15,000
6%
2020
$1,760
-13%
$14,104
-13%
2019
$2,017
9%
$16,212
—
2018
$1,845
-66%
$16,212
-37%
2017
$5,499
7%
$25,543
—
2016
$5,116
9%
$25,543
—
2015
$4,681
-17%
$25,543
-16%
2014
$5,614
2%
$30,260
—
2013
$5,504
1%
$30,260
—
2012
$5,430
—
$30,260
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7951 S Burnham Ave
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,008Sq. Ft.
Listed by Lisa Clemente (708) 268-8641
- Single Family
- Active
- Updated 12 hours ago
- 3Beds
- 2Total Baths
- 1,096Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 1Total Bath
- 1,104Sq. Ft.
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- Condo
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 700Sq. Ft.
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7951 S Burnham Avenue, Chicago, IL 60617 (MLS# 12601862) is a Commercial property. 7951 S Burnham Avenue is currently listed for $420,000 and was received on March 26, 2026. Want to learn more about 7951 S Burnham Avenue? Do you have questions about finding other Commercial real estate for sale in South Chicago? You can browse all South Chicago real estate or contact a Coldwell Banker agent to request more information.