8021-23 S Maryland Avenue
Chicago, IL, 60619
$464,999
7 Beds
3 Baths
0 SqFt
0 Acres
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$464,999
8021-23 S Maryland Avenue
Chicago, IL, 60619
MLS #MRD12131343 image #0MLS #MRD12131343 image #1MLS #MRD12131343 image #2MLS #MRD12131343 image #3MLS #MRD12131343 image #4MLS #MRD12131343 image #5MLS #MRD12131343 image #6MLS #MRD12131343 image #7MLS #MRD12131343 image #8MLS #MRD12131343 image #9MLS #MRD12131343 image #10MLS #MRD12131343 image #11
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. 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:
$464,999
MLS #:
MRD12131343
Status:
Active
Beds:
7
Baths:
3
Type:
Commercial
Neighborhood:
chichatham
Listed Date:
Aug 26, 2024
Year Built:
1926
Chi – ChathamChichatham

Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick

Financial

HOA Includes
None
Maintenance Fee
$2,300
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 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Jan 09, 2026
941
Commercial Listed
191
Avg DOM
170
Avg $ / SqFt
$1,033,514
Avg List Price

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Property Summary

    8021-23 S Maryland Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60619. It is listed for $464,999 To schedule a showing of MLS#mrd12131343 at 8021-23 S Maryland Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
8021-23 S Maryland Avenue
Chicago, IL