8038 S Maryland AvenueChicago, IL 60619
Cook County
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. Additional income growth already underway through 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.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1923
- Lot size
- 0.09 acres
- Lot dimensions
- 30x125x30x125
- Garage spaces
- 3
- Parking spaces
- 3
- Ownership
- Fee Simple
- Days on market
- 15
- MLS® Listing#
- 12747083
Property Features
- Heating
- Natural Gas · Forced Air
- Basement
- Unfinished · Partial
- Parking
- Attached · Garage
- Construction
- Brick
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $5,627Tax year 2025
- Parcel number
- 20351070230000
Directions
From 79th and the Ryan; go east to Cottage to 81st, make a left on Maryland. Head south to property.
Open Houses
- 1:00–2:00 PMAdd to calendar
- 1:00–2:00 PMAdd to calendar
- 1:00–2:00 PMAdd to calendar
Listing Courtesy: Keller Williams ONEChicago - 3122162422
Last Updated: 2026-09-02
Chicago Market Statistics
How this home compares to 4,594 active listings in Chicago, IL
| Chicago median | This listing | |
|---|---|---|
| Median listing price | $384,317 | $384,900 |
| Median days on market | 27 | 15 |
| Median Sq Ft | 1,400 | — |
| Median price / Sq Ft | $275 | — |
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
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