Chicago, IL 60619 8001 S Maryland Avenue
$875,000



5 more





Presented By: Essex 312, LLC
Home Details
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.
Presented By: Essex 312, LLC
Interior Features for 8001 S Maryland Avenue
Other Interior Features
BasementUnfinished, Exterior Entry, Bath/Stubbed, Egress Window, 8 ft + pour, Concrete, Walk-Up Access
General for 8001 S Maryland Avenue
Additional Parcels Y/NNo
Cap Rate8.72
CityChicago
Construction MaterialsBrick
CoolingCentral Individual
CountyCook
Current UseMulti-Family
DirectionsCottage Grove to 80th Street to Maryland Avenue to 8001
ElectricSeparate Meters, Over 600 Amps
Electric Expense2000
Fuel Expense5617
Gross Income163722
Insurance Expense12000
Lot Size Square Feet3844
MLS AreaCHI - Chatham
MaintenanceExpense6000
Net Operating Income78504
Number Of Units Total12
Operating Expense77091
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount17500
Tax Year2024
TownshipHyde Park
Trash Expense3673
Water Sewer Expense8258
Year Built1924
ZoningMULTI
Exterior for 8001 S Maryland Avenue
Building Area Total8118
Foundation DetailsBrick/Mortar, Concrete Perimeter
Lot Dimensions31X124
Lot Size Acres0.08
Additional Details
Price History

SQFT • 8,118