8021-23 S Maryland Avenue
Chicago, IL, 60619
$499,000
Beds
0 Baths
0 SqFt
0 Acres
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$499,000
8021-23 S Maryland Avenue
Chicago, IL, 60619
MLS #MRD12131343 img 0MLS #MRD12131343 img 1MLS #MRD12131343 img 2MLS #MRD12131343 img 3MLS #MRD12131343 img 4MLS #MRD12131343 img 5MLS #MRD12131343 img 6MLS #MRD12131343 img 7MLS #MRD12131343 img 8MLS #MRD12131343 img 9MLS #MRD12131343 img 10MLS #MRD12131343 img 11
Presenting a beautifully updated, fully occupied 6-unit building, perfect for both investors and homeowners. 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. 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.

Property Details

Price:
$499,000
MLS #:
MRD12131343
Status:
Active
Beds:
0
Baths:
0
Address:
8021-23 S Maryland Avenue
Type:
Commercial
Neighborhood:
CHI – Chatham
City:
Chicago
Listed Date:
Aug 26, 2024
State:
IL
ZIP:
60619
Year Built:
1926

Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick

Financial

HOA Includes
None
Net Operating Income
$51,323
Tax Year
2023
Taxes
$2,879
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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8021-23 S Maryland Avenue
Chicago, IL