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$195,000
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Property Description
Perfectly positioned in a residential neighborhood, use as an apartment upstairs with a business below, or, transform the current commercial space in to residential. Flexible building perfect for investment or personal use. Current use is a condo rental upstairs, hair salon and office (with separate hallway entrance) on first floor. Renters are on a month-to-month, both are long time tenants. Salon pays their electric. Residential unit pays no utilities. Washer/dryer connection in building. Fenced backyard, perfect for entertaining or gardening, with decorative metal fencing at front of building on each side. Detached, oversized garage with extra storage/workshop, in need of cosmetic work. Electric service panel replaced 2025. Roof seal coat in 2018. Ample street parking. Deck 2 years old. Gas cooking in apartment. 1 heater for the building. 1 gas meter to building. Slab foundation, no basement. Salon has 3 plumbing outlets but only 1 is presently being used. Grant money available on this property call Rick S at BMO Mortgage for more details. This property IS located inside an Opportunity Zone, see attached picture.
Full Property Details
Full Property Details for 7847 S Maryland Ave
General
- Price: $195,000
- Taxes: $1,567 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12585115
- Updated: 3/17/2026
- Added to Site: 16 day(s) ago
Interior
- Flooring: Tile, Wood
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Driving Directions: 79TH ST TO MARYLAND, N TO ADDRESS, MARYLAND E OF COTTAGE
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Forced Air
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Sub-Flooring: Tile, Wood
- Stories/Levels: 2
- Square Feet: 1,628
- Current Bldg. Use: Commercial, Condominium
- # of Stores: 1
- Year Built: 1955
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Frontage: City Street
- Potential Use: Commercial, Condominium
- Zoning: COMMR
Financial Considerations
- Lease Price: $12
- Insurance Fee: $173
- Security Deposit: Other
- Assessment Year: 1955
- Tax Amount: $1,567
- Tax Year: 2024
- Pays Electric: 150
Disclosures and Reports
- Property ID: 20263180150000
Listed by Laraine Hanson
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Schools
Schools serving 7847 S Maryland Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Tanner Elementary School 7350 South Evans Avenue, Chicago, IL 60619 | PK-8 | 0.6 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7847 S Maryland Ave
Date
Details
Price
Change
Source
3/05/2026
Listed
$195,000
60.29%
MLS
4/18/2002
Sold
$121,652
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7847 S Maryland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$424
82%
$7,976
—
2022
$233
-12%
$7,976
—
2021
$265
-88%
$7,976
-20%
2020
$2,213
118%
$9,933
-17%
2019
$1,013
-14%
$11,903
-8%
2018
$1,178
-7%
$12,967
-2%
2017
$1,261
-24%
$13,251
—
2016
$1,669
-14%
$13,251
—
2015
$1,947
-8%
$13,251
-6%
2014
$2,127
3%
$14,030
—
2013
$2,073
—
$14,030
—
2012
$2,070
—
$14,030
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7847 S Maryland Ave
7847 S Maryland Avenue, Chicago, IL 60619 (MLS# 12585115) is a Commercial property. 7847 S Maryland Avenue is currently listed for $195,000 and was received on March 05, 2026. Want to learn more about 7847 S Maryland Avenue? Do you have questions about finding other Commercial real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.

