8534 S Muskegon Avenue Chicago, IL $ 169,900
8534 S Muskegon Avenue
$ 169,900
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8534 S Muskegon Avenue

Chicago, IL, 60617
$ 169,900
Bedrooms5 Baths3.0

Monthly Estimate*

$ 1,073

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Multi-Family Home for sale in Chicago, IL

for $169,900 with 5 bedrooms and 3 full baths. This home was built in 1914.

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.

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Multi-Family Active

Price

$ 169,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,089

Style

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12742497

Features
General
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 N
Property Type Residential Income Two to Four Units
Total Rooms 13
Status New
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
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Interior
Basement None
Total Bedrooms 5
Total Baths 3
Bedrooms Possible 5
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Detached Garage
Water Source Lake Michigan Public
Total Parking 2
Lot Dimensions 3125
Waterfront Y/N N
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* Excluded Features
List By
Bloom/Sanchez Realty, Inc.

Broker

daniel.bloomsanchez@gmail.com

Email

Affordability Calculator

$1,247
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,073
Monthly Property Taxes
$174
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/25/2026$169,900 Listed Price

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8534 S Muskegon Avenue, Chicago, IL, 60617 is a Multi-Family Home for sale at $169,900. 8534 S Muskegon Avenue has 5 bedrooms, 3.0 baths, and was built in 1914. The property's zip code is 60617 which is in Chicago, IL