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$435,000
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Property Description
Presenting a beautifully updated 6-unit building in East Chatham, ideal for both investors and homeowners alike. Each unit has been tastefully renovated with modern kitchens and baths, featuring new electrical service and panels, updated plumbing, and individual furnaces. Tenants cover their own electricity, heating, and cooking gas. The building is 5 out of 6 units occupied, consisting of three (3) 2-bedroom/1-bath units and three (3) 3-bedroom/1-bath units, all offering living rooms. There's potential for additional income by installing a coin-operated laundry in the spacious basement. The exterior is well-maintained with a full perimeter fence, new windows, a new porch, and extensive tuckpointing. The 4-car detached garage, which requires some work, offers excellent on-site parking opportunities. This property is preferred to be sold as part of a portfolio with another property located just 50 feet away. Sold "AS IS." Please refer to additional documents for more information. Please select "Additional Information" for the Pro Forma. Four out of the 6 units are rented.
Full Property Details
Full Property Details for 8045 S Maryland Ave
General
- Sold For: $435,000
- Taxes: $8,264 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12132471
- Added to Site: 523 day(s) ago
Additional Information
- Security/Safety: Alarm on Site
Location
- Area: CHI - Chatham
- County: Cook
- Driving Directions: I-94 to 79th Street, E to Cottage Grove, S to 81st St, E to Maryland, left to Property.
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Water: Municipal Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 6,600
- Current Bldg. Use: Multi-Family
- Year Built: 1930
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,965
- Lot Dimensions: 4, 965 SQ. FT
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $27,733
- Security Deposit: Alarm On Site
- Assessment Year: 1930
- Tax Amount: $8,264
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 20351080320000
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Schools
Schools serving 8045 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 | 0.6 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8045 S Maryland Ave
Date
Details
Price
Change
Source
10/31/2025
Sold
$435,000
-9.37%
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
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8045 S Maryland Avenue, Chicago, IL 60619 (MLS# 12132471) is a Commercial property that was sold at $435,000 on October 31, 2025. This property was listed by Jonathan Williams from our Oak Park Office.Want to learn more about 8045 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.


