Price Reduction
Address
8534 S Muskegon Avenue, Chicago, IL
Price
$ 154,900
Property Attributes
- MLS#12742497
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - South Chicago
- NeighborhoodSouth Chicago
- Zip60617
- Style
- Year Built1914
- Taxes$ 2089
- Price$ 154,900
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Position yourself for the future of South Chicago with this solid 2-unit multifamily property offering immediate income potential and exciting long-term upside. This solid 2-unit multifamily property features two spacious 2-bedroom, 1-bath units, plus in-law suite off the second floor-offering additional flexibility for extended living, storage, or future value-add possibilities. Whether you're an investor seeking income and long-term upside or an owner-occupant looking to build equity, this property offers an exciting opportunity to establish a foothold in an area positioned for significant investment and redevelopment. Located just minutes from the highly anticipated Quantum Shore development near 87th Street & Lake Shore Drive, including the Illinois Quantum & Microelectronics Park and PsiQuantum campus, the surrounding area is poised to benefit from major public and private investment, new infrastructure, employment opportunities, and continued economic development. A new state-of-the-art hospital is also planned as part of the broader redevelopment of the area. The location adds even more appeal. The property is also just blocks from the Commercial Avenue corridor, providing convenient access to grocery stores, neighborhood retail, restaurants, shopping, and everyday necessities. Bessemer Park, area schools, public transportation, and other neighborhood amenities are all nearby. Additional highlights include a 2-car garage and convenient access to major transportation routes and the lakefront. With immediate income potential, flexible additional space, and proximity to one of the most significant redevelopment initiatives on Chicago's South Side, this property presents a compelling opportunity for buyers looking beyond today's value toward the neighborhood's long-term potential. Invest now. Build equity. Position yourself for South Chicago's next chapter.
| Price History | |
|---|---|
| 8/25/2026 | Listed $169,900 |
| 9/18/2026 | 9$154,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Closing |
| Roof | Asphalt |
| Garage Spaces | 2 |
| Construction Materials | Vinyl Siding |
| Year Built | 1914 |
| Township | South Chicago |
| Tax Year | 2024 |
| Ownership | Fee Simple |
| County | Cook |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 13 |
| Status | Active |
| Directions | Take Lake Shore Dr south to 87th St. Head west on 87th St,north on Burnham Ave,east on 85th St,then south on Muskegon Ave to 8534 S Muskegon Ave. |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - South Chicago |
| Tax Annual Amount | 2089.44 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | None |
|---|---|
| Total Bedrooms | 5 |
| Total Baths | 3 |
| Bedrooms Possible | 5 |
| Full Baths Building | 3 |
| Total Number of Units | 2 |
Exterior Features
| Parking Features | Yes,Detached,Garage |
|---|---|
| Water Source | Lake Michigan,Public |
| Total Parking | 2 |
| Lot Dimensions | 3125 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60617
Price
Taxes
Year Built
Visits
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