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$395,000
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Property Description
Whether you're looking to grow your investment portfolio or live in one unit while generating rental income from the others, this well-maintained three-unit building is an opportunity you won't want to miss. Each spacious unit features 3 bedrooms, 1 bathroom, a large outdoor space, and functional layouts designed for comfortable living. Unit 2 is vacant and move-in ready, making it ideal for an owner-occupant or for leasing at current market rents. Unit 1 is leased through January 2027, and Unit 3 is leased through August 2027, providing immediate rental income with established tenants already in place. Built in 2007, this newer-construction multi-family property offers many of the benefits buyers appreciate, including more modern systems and finishes than many of Chicago's older multi-unit buildings. The property has been well maintained, allowing the next owner to focus less on major updates and more on enjoying the investment. The location adds even more to the opportunity. Enjoy convenient access to shopping, restaurants, parks, schools, public transportation, major roadways, and Chicago's lakefront, while being positioned near some of the South Side's most significant current and future investments. Nearby developments include the Obama Presidential Center in Jackson Park and Quantum Shore, the massive lakefront redevelopment of the former U.S. Steel South Works site that will include the Illinois Quantum and Microelectronics Park and major technology investment. Combined with established neighborhood amenities and continued investment throughout the surrounding area, there's plenty happening in this part of Chicago. Whether you're house hacking, expanding your rental portfolio, or looking for a turnkey investment with income already in place, 7955 S. Manistee Ave. offers a compelling combination of space, income potential, newer construction, and location. All that's missing is YOU!
Full Property Details
Full Property Details for 7955 S Manistee Ave
General
- Sold For: $395,000
- Taxes: $6,651 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12726116
- Added to Site: 56 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Additional Information
- Other Features: Commuter Bus, Commuter Train
Parking
- Total Spaces: 3
- Parking Features: Assigned, Yes, Other
Location
- Area: CHI - South Chicago
- County: Cook
- Driving Directions: 79th St. east to Manistee Ave., north to property
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Individual Controls
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Year Built: 2007
Unit Information
- Units in Building: 3
Manufactured Home
- Model: 3 FLAT
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 25 x 124
- Zoning: MULTI
Financial Considerations
- Assessment Year: 2007
- Tax Amount: $6,651.17
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 21311070450000
Listed by Keller Williams Preferred Realty
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Schools
Schools serving 7955 S Manistee 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- | 1.1 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 7955 S Manistee Ave
Date
Details
Price
Change
Source
9/30/2026
Sold
$395,000
-12.22%
MLS
8/06/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7955 S Manistee Avenue, Chicago, IL 60617 (MLS# 12726116) is a Multi-Family property that was sold at $395,000 on September 30, 2026. Want to learn more about 7955 S Manistee Avenue? Do you have questions about finding other Multi-Family 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.


