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7951 S Burnham Avenue Chicago, IL $ 420,000
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7951 S Burnham Avenue
$ 420,000
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7951 S Burnham Avenue

Chicago, IL, 60617
$ 420,000
Bedrooms12 Baths0.0

Monthly Estimate*

$ 2,586

7951 S Burnham Avenue, Chicago, IL 60617 - Image 1
7951 S Burnham Avenue, Chicago, IL 60617 - Image 2

Multi-Family Home for sale in Chicago, IL

for $420,000 with 12 bedrooms. This home was built in 1925.

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

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Multi-Family Active

Price

$ 420,000

Bedrooms

12

Property Type

Multi-Family

Taxes

$ 5,880

Style

Year Built

1925

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12601862
Features
General
Cooling None
Zoning MULTI
Construction Materials Brick
Year Built 1925
Tenant Pays Electricity
Stories Count 3
Tax Year 2024
Gross Income 10800
County Cook
Net Operating Income 22188
Operating Expense 32988
Insurance Expense 365
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions 79TH STREET EAST OF MUSKEGON NORTH TO BUILDING
City Chicago
Number Of Units Total 6
MLS Area CHI - South Chicago
Tax Annual Amount 5880.5
Electric Expense 49
Fuel Expense 1363
Trash Expense 90
Water Sewer Expense 92
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement Unfinished
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Exterior
Lot Dimensions 49.8 X 124.7
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* Excluded Features
List By
Keller Williams Onechicago

Broker

tyrone@manifestinggreen.co

Email

Affordability Calculator

$3,076
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,586
Monthly Property Taxes
$490
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/26/2026$420,000 Listed Price

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7951 S Burnham Avenue, Chicago, IL, 60617 is a Multi-Family Home for sale at $420,000. 7951 S Burnham Avenue has 12 bedrooms, 0.0 baths, and was built in 1925. The property's zip code is 60617 which is in Chicago, IL

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