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$900,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 8001 S Maryland Ave
General
- Price: $900,000
- HOA FEE: $6,000
- Taxes: $17,500 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12613700
- Updated: 4/8/2026
- Added to Site: 5 day(s) ago
Interior
- Basement: Unfinished
Location
- Area: CHI - Chatham
- County: Cook
- Township: Hyde Park
- Driving Directions: Cottage Grove to 80th Street to Maryland Avenue to 8001
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls, Baseboard
Utilities
- Trash: 3673
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Exterior Entry, Bath/Stubbed, Egress Window, 8 ft + pour, Concrete, Walk-Up Access
- Foundation: Brick/Mortar, Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 8,118
- Current Bldg. Use: Multi-Family
- Year Built: 1924
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,844
- Lot Dimensions: 31 x 124
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $6,000
- Insurance Fee: $12,000
- Operating Expenses: $77,091
- Other Fee: $14,265
- Assessment Year: 1924
- Tax Amount: $17,500
- Tax Year: 2024
- Pays Electric: 2000
- Pays Trash: 3673
Disclosures and Reports
- Property ID: 20351080010000
Listed by Essex 312, LLC
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Schools
Schools serving 8001 S Maryland Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ashe Elementary School 8505 South Ingleside Avenue, Chicago, IL 60619 | PK-8 | 0.7 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 0.3 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 8001 S Maryland Ave
Date
Details
Price
Change
Source
4/08/2026
Listed
$900,000
140%
MLS
1/10/2022
Sold
$375,000
—
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 8001 S Maryland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,478
3%
$40,181
—
2022
$8,265
2%
$40,181
—
2021
$8,080
-5%
$40,181
5%
2020
$8,539
-17%
$38,329
-25%
2019
$10,279
126%
$51,161
122%
2018
$4,547
-45%
$23,017
-40%
2017
$8,292
7%
$38,519
—
2016
$7,715
34%
$38,519
22%
2015
$5,764
-43%
$31,455
-42%
2014
$10,069
2%
$54,271
—
2013
$9,871
1%
$54,271
—
2012
$9,739
—
$54,271
—
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 8001 S Maryland Ave
8001 S Maryland Avenue, Chicago, IL 60619 (MLS# 12613700) is a Commercial property. 8001 S Maryland Avenue is currently listed for $900,000 and was received on April 08, 2026. Want to learn more about 8001 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.

