8001 S Maryland Avenue, Chicago, IL 60619
- $875,000
- $900,000
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 Courtesy of: Essex 312, LLC
Details
Updated on June 28, 2026 at 11:05 am-
Property ID MRD12613700
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Price $875,000
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Land Area 0.08 Acres
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Year Built 1924
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Property Type Multi Family
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Property Status Active
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Parcel Number 20351080010000
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MLS Status Active
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Days On Market 81
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Living Area 0.08
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Cumulative Days On Market 18
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Tax Annual Amount 17500
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Cooling Central Individual
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Directions Cottage Grove to 80th Street to Maryland Avenue to 8001
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BuildingAreaTotal 8118
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LotSizeSquareFeet 3844
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StoriesTotal 3
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Zoning MULTI
Address
Open on Google Maps- Address 8001 S Maryland Avenue
- City Chicago
- State/county IL
- Zip/Postal Code 60619
- Country United States
Overview
- Multi Family
- 1924
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