8038 S Maryland AVE, Chicago, IL 60619
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8038 S Maryland AVE, Chicago, IL 60619
8038 S Maryland AVE, Chicago, IL 60619
8038 S Maryland AVE, Chicago, IL 60619
8038 S Maryland AVE, Chicago, IL 60619
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Olga Vega

Olga Vega

+1(219) 588-9494
Listed by Cierra Thurmanof Keller Williams ONEChicago
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8038 S Maryland AVE Chicago, IL 60619

6 Beds

3,920 Sqft Lot

Open House

Sun Sep 06, 1:00pm - 2:00pm

Sun Sep 13, 1:00pm - 2:00pm

Sun Sep 20, 1:00pm - 2:00pm

Sun Sep 27, 1:00pm - 2:00pm

Sun Oct 04, 1:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12747083

Bedrooms 6

Year Built 1923

Annual Tax Amount $5,627

Tax Year 2025

Lot Size 3,920 Sqft

Lot Dimensions 30x125x30x125

Property Sub-Type Two to Four Units

Property Description

Investor opportunity in the heart of Chatham! This fully occupied 3-unit building offers immediate income with additional long-term upside for the savvy buy-and-hold investor. Each unit features a functional 2-bedroom layout, while residents are responsible for their own gas and electric-an attractive setup for operating efficiency. Individual furnaces and water heaters serve each unit, providing added convenience and control. Current gross rents total approximately $3,561/month, with additional income growth already underway through a newly executed lease and a pending CHA rent increase. With comparable 2-bedroom rents in the area supporting higher rental potential, the next owner has an opportunity to continue strengthening the building's income over time. Outside, a 3-car masonry garage adds valuable off-street parking and additional appeal for tenants. Unfinished basement offers additional value-add potential, including the possibility of a future additional unit, subject to zoning and City approval. Conveniently located near transportation, shopping, and neighborhood amenities, this is an opportunity to acquire an occupied multifamily asset with existing cash flow, separate tenant-paid utilities, and room for future income growth. Add this Chatham 3-unit to your portfolio and let your investment work from day one.

Location

State IL

County Cook

Rooms

Basement Unfinished, Partial

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 3.0

View Y/N true

Building

Sewer Public Sewer, Storm Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) VOW
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Olga Vega

Olga Vega

Managing Broker License ID: RB14047917

+1(219) 588-9494

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8038 S Maryland AVE

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