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$794,900

  • For Sale
  • Active
  • Commercial
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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.

Full Property Details for 7951 S Muskegon Ave

General

  • Price: $794,900
  • Taxes: $12,399 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12449470
  • Updated: 11/5/2025
  • Added to Site: 153 day(s) ago

Interior

  • Basement: Unfinished

Location

  • Area: CHI - South Chicago
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: 79TH STREET EAST OF YATES TO MUSKEGON SOUTH TO BUILDING

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Central Building Heat

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation: Other
  • Stories/Levels: 3
  • Year Built: 1925
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 17
  • Units w/Range/Oven: 17

Lot Features

  • Lot Size (Sq. Ft.): 7,254
  • Lot Dimensions: 7254

Financial Considerations

  • Operating Expenses: $12,399
  • Assessment Year: 1925
  • Tax Amount: $12,399
  • Tax Year: 2023
  • Tenant Pays: Varies by Tenant

Disclosures and Reports

  • Property ID: 21312010350000

Listed by Chicago Real Estate Resources

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— 7951 S Muskegon Ave —

  • Chicago Real Estate Resources

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7951 S Muskegon Ave

School District:Chicago Public School District 299
NameGradesDistance
Bradwell Community Arts & Sci Elementary School
7736 South Burnham Avenue, Chicago, IL 60649
K-80.3 mi
Chicago Vocational Career Academy High School
2100 East 87th Street, Chicago, IL 60617
9-111.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7951 S Muskegon Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/30/2025
Price Reduced
$794,900
-0.64%
MLS
8/18/2025
Listed
$800,000
-29.52%
MLS
4/07/2021
Sold
$1,135,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7951 S Muskegon Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,399
3%
$58,765
—
2022
$12,087
2%
$58,765
—
2021
$11,817
-9%
$58,765
—
2020
$13,032
11%
$58,500
—
2019
$11,753
2%
$58,500
—
2018
$11,556
-22%
$58,500
-16%
2017
$14,910
7%
$69,264
—
2016
$13,873
80%
$69,264
65%
2015
$7,697
-17%
$42,006
-16%
2014
$9,251
21%
$49,860
18%
2013
$7,664
2%
$42,138
—
2012
$7,550
—
$42,072
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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7951 S Muskegon Avenue, Chicago, IL 60617 (MLS# 12449470) is a Commercial property. 7951 S Muskegon Avenue is currently listed for $794,900 and was received on August 18, 2025. Want to learn more about 7951 S Muskegon 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.

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