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Commercial For sale Multifamily Garden Apartments

Value-Add 6-Flat Asset – 7951 S Burnham Ave, Chicago, 60617 – $420k

7951 S Burnham Ave, Chicago, Illinois 60617

$420,000
$64 / sq ft Listed Jul 9, 2026
6,564 sqft
Building
0 acres
Lot
1925
Built
3
Stories
6
Units
Class C
Class

About this property

Value-Add 6-Flat Asset – 7951 S Burnham Ave, Chicago, 60617 – $420k is a multifamily for sale in Chicago, Illinois, listed at $420,000. Key details: year built 1925, building size 6,564 sqft, lot size 0 acres, stories 3. Listed by Tony Hardy of Keller Williams ONEChicago on LoopingCloud and last updated July 9, 2026.

Investment Highlights Offered at $420,000, this 6-unit all-brick apartment building presents a prime value-add opportunity in Chicago. The property features a consistent unit mix of six 2-bedroom, 1-bathroom apartments, each designed with functional, spacious layouts including separate living/dining areas and kitchen pantries.

Key Features & Asset Value

  • Operational Upside: An ideal candidate for strategic renovations, cosmetic upgrades, and management optimization to drive rental income and equity growth.

  • Property Quality: Durable all-brick construction offering long-term stability.

  • Additional Income: Includes a 3-car detached garage, providing a significant amenity for tenants and potential for additional revenue streams.

  • Strategic Location: Positioned south of the South Shore neighborhood with excellent connectivity to South Shore Drive, Lake Michigan, major expressways, and reliable public transportation.

Investment Thesis This asset is offered AS-IS, making it a perfect acquisition for investors focused on stabilization and long-term cash flow. By leveraging the existing floor plans and implementing a targeted value-add program, new owners can capitalize on the strong rental demand in this well-connected Chicago submarket.

Presented by Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago.

Key highlights

  • Occupied
  • long-term cash flow growth

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Year Built
1925
Building Size
6,564 sqft
Lot Size
0 acres
Stories
3
Total Units
6
Building Class
Class C
Occupied
Yes
Occupancy
17%
Property Status
Normal Sale
Building Status
Existing

Pricing details

Financing
Third Party Financing
Investment Property
Active investment property

Investment snapshot

$64
Price per sq ft

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $420,000 - - - -

Features and amenities

Property Other Use Types

  • Zoning RT-4 - Residential Two-Flat, Townhouse, and Multi-Unit

Highlights

  • long-term cash flow growth
  • Easy access to South Shore Drive, Lake Michigan, major expressways, and several forms of public transportation

Location

Address as shown by the lister.

Get directions

About this area - Chicago

Population
96,288
Housing units
34,367
Land area
13.2 sq mi
County
Cook

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Links

1 link

Additional contacts

1 person to reach

Frequently asked questions

What is the asking price of Value-Add 6-Flat Asset – 7951 S Burnham Ave, Chicago, 60617 – $420k?

Value-Add 6-Flat Asset – 7951 S Burnham Ave, Chicago, 60617 – $420k is listed at $420,000. That works out to about $64 per square foot.

Where is Value-Add 6-Flat Asset – 7951 S Burnham Ave, Chicago, 60617 – $420k located?

The property is in 7951 S Burnham Ave, Chicago, Illinois 60617, Cook County.

What type of property is this?

This is a multifamily for sale in the commercial category.

How big is the property?

The building is 6,564 sqft. The lot is 0 acres.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Tony Hardy of Keller Williams ONEChicago listed this property. Use the Request Info button to send a message or call (773) 575-6082.

When was this listing published?

It was published on July 9, 2026 and last updated on July 9, 2026.

Listing information

Listing ID
CL-Illinois-27980
Published
Jul 9, 2026
Last updated
Jul 9, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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