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About the Listing 88183 - 1017906
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 Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
12613700
Year Built
1924
Total Square Footage
8,118
Lot/Acreage
0.09
County
Cook
Area
CHI - Chatham
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Individual
- Heating: Central Heat/Indiv Controls,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Exterior Entry,Bath/Stubbed,Egress Window,8 ft + pour,Concrete,Walk-Up Access
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 31X124
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $17,500
- Taxes w/Assessments: N/A
- Tax/Property ID: 20351080010000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
8001 S Maryland Ave Chicago, IL 60619
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