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$600,000

  • For Sale
  • Active
  • Commercial
  • Updated 10 days ago
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Rare chance to acquire a fully vacant 17-unit building in Chicago's Chatham neighborhood at $600K, roughly $35K/unit. Property requires a complete gut rehab, giving an investor total control over unit mix, finishes, and systems from day one. Location is a major draw: steps to Cottage Grove Ave, minutes to the Dan Ryan Expressway for fast downtown access, and close to Metra and CTA Red Line service for tenants commuting citywide. The 79th Street retail corridor and neighborhood staples like Dat Donut and Harold's Chicken Shack are nearby, along with Avalon Park and Hamilton Park for green space. Chicago State University sits just a few minutes away, adding to steady rental demand in the area. Chatham remains one of the South Side's most stable multifamily submarkets, with strong owner-occupant pride and consistent rental demand. This is a ground-up repositioning play for an investor looking to build a fully renovated, high-cash-flow asset from scratch. Bring your contractor and your vision, this one's ready to be rebuilt from the studs up.

Full Property Details for 7954 S Maryland Ave

General

  • Price: $600,000
  • Taxes: $20,633 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12711631
  • Updated: 7/27/2026
  • Added to Site: 17 day(s) ago

Location

  • Area: CHI - Chatham
  • County: Cook
  • Driving Directions: Starting from downtown Chicago, take I-90/I-94 East toward Indiana. Take the 79th Street exit and turn left onto W. 79th Street. Continue east for approximately 1.5 miles, then turn right onto S. Maryland Avenue. The property at 7954 S. Maryland Avenue will be immediately ahead.

Heating & Cooling

  • Heating Type: Gas

Structural Information

  • Stories/Levels: 4
  • Year Built: 1924
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 55 x 125

Financial Considerations

  • Assessment Year: 1924
  • Tax Amount: $20,633.26
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 20351000240000

Listed by 33 Realty

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— 7954 S Maryland Ave —

  • 33 Realty

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7954 S Maryland Ave

School District:Chicago Public School District 299
NameGradesDistance
Ashe Elementary School
8505 South Ingleside Avenue, Chicago, IL 60619
PK-80.7 mi
Hirsch Metropolitan High School
7740 South Ingleside Avenue, Chicago, IL 60619
9-120.3 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 7954 S Maryland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/21/2026
Listed
$600,000
-47.83%
MLS
4/27/2024
Sold
$1,150,000
—
Public Record
Get Price Alerts and Save Property
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 for 7954 S Maryland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,010
—
$102,700
80%
2023
$12,010
3%
$56,923
—
2022
$11,708
4%
$56,923
2%
2021
$11,246
-38%
$55,925
-31%
2020
$18,022
11%
$80,900
—
2019
$16,254
2%
$80,900
—
2018
$15,980
-4%
$80,900
4%
2017
$16,691
7%
$77,534
—
2016
$15,529
43%
$77,534
31%
2015
$10,872
2%
$59,329
3%
2014
$10,655
38%
$57,429
35%
2013
$7,735
-12%
$42,527
-13%
2012
$8,817
—
$49,132
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by 33 Realty

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7954 S Maryland Avenue, Chicago, IL 60619 (MLS# 12711631) is a Commercial property. 7954 S Maryland Avenue is currently listed for $600,000 and was received on July 21, 2026. Want to learn more about 7954 S Maryland Avenue? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

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