8001 S Maryland Avenue Chicago, IL $ 900,000
8001 S Maryland Avenue
$ 900,000
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8001 S Maryland Avenue

Chicago, IL, 60619
$ 900,000
Bedrooms3 Baths0.0 Sq 8,118

Monthly Estimate*

$ 5,541

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Multi-Family Home for sale in Chicago, IL

for $900,000 with 3 bedrooms. This 8,118 square foot home was built in 1924 on a lot size of 0.08.

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.

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Multi-Family Active

Price

$ 900,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 17,500

Style

Multi-Family

Lot Size

0.08

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12613700

Features
General
Cooling Central Individual
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1924
Electric Separate Meters Over 600 Amps
Stories Count 3
Township Hyde Park
Tax Year 2024
Current Use Multi-Family
Gross Income 163722
County Cook
Net Operating Income 78504
Operating Expense 77091
Insurance Expense 12000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 6000
Status New
Directions Cottage Grove to 80th Street to Maryland Avenue to 8001
City Chicago
Number Of Units Total 12
MLS Area CHI - Chatham
Lot Size Square Feet 3844
Tax Annual Amount 17500
Electric Expense 2000
Fuel Expense 5617
Trash Expense 3673
Water Sewer Expense 8258
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8.72
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Interior
Basement Unfinished Exterior Entry Bath/Stubbed Egress Window 8 ft + pour Concrete Walk-Up Access
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Exterior
Foundation Details Brick/Mortar Concrete Perimeter
Building Area Total 8118
Lot Dimensions 31X124
Lot Size Acres 0.08
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* Excluded Features
List By
Essex 312, Llc

Broker

quinn.pelayo19@gmail.com; quinnevans@essex312.com

Email

Affordability Calculator

$7,000
Per Month
79%
21%
0%
Monthly Principal & Interest
$5,541
Monthly Property Taxes
$1,458
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
Pricing History
DatePricePrice ChangeDescription
4/9/2026$900,000 Listed Price

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8001 S Maryland Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $900,000 with 8,118 sqft and a lot size of 0.08. 8001 S Maryland Avenue has 3 bedrooms, 0.0 baths, and was built in 1924. The property's zip code is 60619 which is in Chicago, IL