8001 S Maryland Avenue, Chicago, IL
  • $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
  • Price $875,000
  • Land Area 0.08 Acres
  • Year Built 1924
  • Property Type Multi Family
  • Property Status Active
  • Parcel Number 20351080010000
  • MLS Status Active
  • Days On Market 81
  • Living Area 0.08
  • Cumulative Days On Market 18
  • Tax Annual Amount 17500
  • Cooling Central Individual
  • Directions Cottage Grove to 80th Street to Maryland Avenue to 8001
  • BuildingAreaTotal 8118
  • LotSizeSquareFeet 3844
  • StoriesTotal 3
  • Zoning MULTI
  • Address 8001 S Maryland Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60619
  • Country United States

Overview

Property ID: MRD12613700
  • Multi Family
  • Property Type
  • 1924
  • Year Built

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