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$464,999 Contingent

  • For Sale
  • Contingent
  • Commercial
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Presenting a beautifully updated, occupied 4 out of 6-unit building, perfect for both investors and homeowners. Rent for one of the units has been raised from $1,100 to $1,700. The property features five 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, all with living rooms. Each unit has been tastefully renovated, with modern kitchens and baths, updated plumbing, and individual furnaces. Tenants are responsible for their own electricity, heating, and cooking gas, ensuring a strong cash flow and cap rate. HVAC system installed 2017. New Hot water tank Oct 2025. The building also offers potential for additional income by installing a coin-operated laundry and an extra livable unit in the spacious basement. The exterior is well-maintained, featuring new windows and a full perimeter fence. While the 3-car detached garage requires some work, it provides excellent on-site parking opportunities. Sold "AS IS." Please refer to the additional documents for the Financial Pro Forma.

Full Property Details for 8021-23 S Maryland Ave

General

  • Price: $464,999
  • HOA FEE: $2,300
  • Taxes: $2,879 (2023)
  • Status: Contingent
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12131343
  • Updated: 1/23/2026
  • Added to Site: 586 day(s) ago

Interior

  • Basement: Unfinished

Additional Information

  • Security/Safety: Alarm on Site

Location

  • Area: CHI - Chatham
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: 83rd Street to Maryland, North to Address

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Water: Municipal Water
  • Trash: 1500

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation: Brick/Mortar
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1926
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Lot Features

  • Lot Dimensions: 50 x 125
  • Potential Use: Multi-Family
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $2,300
  • Insurance Fee: $5,249
  • Operating Expenses: $26,221
  • Other Fee: $1,500
  • Security Deposit: Alarm On Site
  • Assessment Year: 1926
  • Tax Amount: $2,879
  • Tax Year: 2023
  • Tenant Pays: Electricity, Other
  • Pays Electric: 355
  • Pays Trash: 1500

Disclosures and Reports

  • Property ID: 20351080060000
Buyer's Brokerage Compensation: 2.25%
Not binding unless confirmed by separate agreement among applicable parties.

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— 8021-23 S Maryland Ave —

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Price & Sales History for 8021-23 S Maryland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/04/2026
Price Reduced
$464,999
-3.13%
MLS
2/26/2025
Price Reduced
$479,999
-3.81%
MLS
10/29/2024
Price Reduced
$499,000
-4.95%
MLS
8/26/2024
Listed
$525,000
—
MLS
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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8021-23 S Maryland Avenue, Chicago, IL 60619 (MLS# 12131343) is a Commercial property. 8021-23 S Maryland Avenue is currently listed for $464,999 and was received on August 26, 2024. This property is listed by Jonathan Williams from our Oak Park Office.Want to learn more about 8021-23 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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