ActivePrice Reduced

$154,900

$169,900
8534 Muskegon Avenue, Chicago, IL 60617
5 Beds3 Baths31 days
8534 Muskegon Avenue·Chicago, IL 60617
5Bedrooms
3Bathrooms
1914Year Built
About This Home

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.

MLS# 12742497Listed August 25, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Total Rooms13

Size & Structure

Garage Spaces2
Year Built1914
Lot Size3125

Location

CountyCook
TownshipSouth Chicago
Zip Code60617

Financial

List Price$154,900
Original Price$169,900
Annual Taxes (2024)$2,089
Monthly Tax Est.$174
Parcel #21314160340000
Interior Features

Heating

Natural Gas

Basement

None
Exterior & Lot

Construction

Vinyl Siding

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

YesDetachedGarage
Tax & Financial
Annual Taxes
$2,089
Tax Year 2024
Monthly Tax Est.
$174
per month
Price Reduced by $15,000
Original list price: $169,900
Property Location

8534 Muskegon Avenue, Chicago, IL 60617 — Cook County

$154,900
8534 Muskegon Avenue
5 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
31 days on market
2-car garage
3125
$2,089/yr taxes
Price reduced $15,000
$988
estimated monthly payment
Principal & Interest
$814/mo
Property Tax
$174/mo
$154,900
20% — $30,980
3%50%
6.875%
3%12%
Loan Amount
$123,920
Down Payment
$30,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Bloom/Sanchez Realty, Inc.
Agent: Daniel Sanchez
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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