$875,000

8001 S Maryland Avenue, Chicago, IL 60619

  • 8,118 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $108/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

12-unit brick walk-up building located in Chicago's East Chatham neighborhood. The property features a well-balanced unit mix of six (6) one-bedroom / one-bath apartments and six (6) two-bedroom / one-bath apartments, catering to strong and consistent tenant demand in the submarket. The building has undergone significant recent capital improvements, positioning it as a turnkey investment opportunity with meaningful rental upside. Major upgrades include the installation of brand-new Mitsubishi heating and air conditioning minisplit systems in all units (completed in 2025), providing tenants with modern, energy-efficient climate control. Hot water is supplied by two (2) newly installed Rheem Performance 75-gallon natural gas water heaters (150 gallons total), each backed by a 6-year warranty. The roof was replaced approximately six years ago, further reducing near-term capital expenditure concerns. Additional building enhancements include individual electrical panels and a full perimeter security camera system, both newly installed in 2025, improving operational efficiency, safety, and long-term asset performance. This well-maintained East Chatham asset offers a stabilized, low-maintenance property with organic rent growth potential. With modern mechanical systems already in place and strong neighborhood fundamentals, ownership can benefit from a clean, turnkey operation and long-term hold stability.

Listing Status:
Active
Data Last Updated:
May 22, 2026 at 6:18AM
Listing Office:
Essex 312, LLC : 224-244-3098
Listing Agent:
Quinn Evans : 224-244-3098
MLS ID:
12613700
  • Basement: UnfinishedExterior EntryBath/StubbedEgress Window8 ft + pourConcreteWalk-Up Access
  • A/C: Central Individual
  • General: Brick/MortarConcrete Perimeter
  • Originating MLS: mred
  • County: Cook
  • Zoning: MULTI20351080010000
  • Current Use: Multi-Family
  • Utilities: Separate MetersOver 600 Amps
  • Source: mred

This listing courtesy of Quinn Evans , Essex 312, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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