Listing provided courtesy of Essex 312, LLCMREDas Distributed by MLSGrid- MLS# 12613700MLS Provider

8001 S Maryland AvenueChicago, IL 60619

Commercial · 3 Beds · 8,118 Sq. ft. | 0.08 Acres
$875,000 Active

8001 S Maryland Avenue Overview

Time on Site:
83 days
Visits:
0

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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8001 S Maryland Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 8,118
  • Price/Sq.ft. $108
  • Lot 0.08 Acres

Details

General

Income/Expenses

  • Other Expense: 14265
  • Electric Expense: 2000
  • Fuel Expense: 5617
  • Gross Income: 163722
  • Gross Scheduled Income: 155595
  • Insurance Expense: 12000
  • Maintenance Expense: 6000
  • Net Operating Income: 78504
  • Operating Expense: 77091
  • Trash Expense: 3673
  • Water Sewer Expense: 8258

Building Information

  • Year Built: 1924

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Chatham
  • Township: Hyde Park

Tax Information

  • Tax Annual Amount: $17,500.00
  • Tax Year: 2024

General Information

  • Parcel Number: 20351080010000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 8118

General Information

  • Basement: Unfinished, Exterior Entry, Bath/Stubbed, Egress Window, 8 ft + pour, Concrete, Walk-Up Access
  • Cooling: Central Individual
  • Electric: Separate Meters, Over 600 Amps
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 31X124
  • Lot Size Square Feet: 3844

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 12

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 6

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

8001 S Maryland Avenue Neighborhood

Community

60619 (Chicago) Demographics

42
Median Age
10,192
Population Density (per sq. mile)
35%
College Educated
$40,762
Estimated Median Income
12,181
Estimated Total Home Owners
15,093
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

8001 S Maryland Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8001 S Maryland Avenue Market Data

Based on the last 30 days in this zip code

$215,577
Average List Price
$140
Average Price per Square Foot
34
Properties Sold
82
Average Days on Market
178
Properties for Sale
Calculations provided by Reliance Network

8001 S Maryland Avenue History

Date Event Value Agent
4/22/2026Source: MRED Status Change
Active
4/17/2026Source: MRED Price Reduction
$875,000 -2.8%
4/17/2026Source: MRED Status Change
Price Change
4/13/2026Source: MRED Status Change
Active
4/8/2026Source: MRED Added to Database
April 08, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022