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$819,900

  • For Sale
  • Active
  • Commercial
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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.

Full Property Details for 7959 S Muskegon Ave

General

  • Price: $819,900
  • Taxes: $10,940 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12449491
  • Updated: 11/5/2025
  • Added to Site: 153 day(s) ago

Location

  • Area: CHI - South Chicago
  • County: Cook
  • Driving Directions: Corner of Muskegon Ave and 80th Street

Heating & Cooling

  • Heating Type: Central Building Heat

Structural Information

  • Stories/Levels: 3
  • Year Built: 1929
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 6119

Financial Considerations

  • Assessment Year: 1929
  • Tax Amount: $10,940
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 21312010360000

Listed by Chicago Real Estate Resources

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— 7959 S Muskegon Ave —

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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 7959 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-80.4 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 7959 S Muskegon Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/30/2025
Price Reduced
$819,900
-0.62%
MLS
8/18/2025
Listed
$825,000
-23.04%
MLS
4/07/2021
Sold
$1,072,000
—
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 7959 S Muskegon Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,940
3%
$51,852
—
2022
$10,665
2%
$51,852
—
2021
$10,427
-22%
$51,852
-14%
2020
$13,444
11%
$60,349
—
2019
$12,125
2%
$60,349
—
2018
$11,921
5%
$60,349
14%
2017
$11,354
7%
$52,744
—
2016
$10,564
9%
$52,744
—
2015
$9,665
8%
$52,744
9%
2014
$8,960
-20%
$48,294
-21%
2013
$11,145
1%
$61,279
—
2012
$10,996
—
$61,279
—
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.

Estimate the Cost for 7959 S Muskegon Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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7959 S Muskegon Avenue, Chicago, IL 60617 (MLS# 12449491) is a Commercial property. 7959 S Muskegon Avenue is currently listed for $819,900 and was received on August 18, 2025. Want to learn more about 7959 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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