BEDS0
BATHS
MLS#12711631
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare chance to acquire a fully vacant 17-unit building in Chicago's Chatham neighborhood at $600K, roughly $35K/unit. Property requires a complete gut rehab, giving an investor total control over unit mix, finishes, and systems from day one. Location is a major draw: steps to Cottage Grove Ave, minutes to the Dan Ryan Expressway for fast downtown access, and close to Metra and CTA Red Line service for tenants commuting citywide. The 79th Street retail corridor and neighborhood staples like Dat Donut and Harold's Chicken Shack are nearby, along with Avalon Park and Hamilton Park for green space. Chicago State University sits just a few minutes away, adding to steady rental demand in the area. Chatham remains one of the South Side's most stable multifamily submarkets, with strong owner-occupant pride and consistent rental demand. This is a ground-up repositioning play for an investor looking to build a fully renovated, high-cash-flow asset from scratch. Bring your contractor and your vision, this one's ready to be rebuilt from the studs up.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.16 Acres
Stories: 4.0
Taxes: $20,633
Year Built: 1924
Feature Descriptions
HVAC: Gas
Lot Dimensions: 55x125
Parcel#: 20351000240000
Units: 17
Listed By / Shown By
Listed By
Agency Name: 33 Realty
Agency Phone: 773-327-4975
Shown By
Agent Name: Kathleen Davis
Agent Phone: (815) 978-0606
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 4,619.80 per month $2,725.39 Principal & Interest $1,719.42 Property Tax $175.00 Homeowner's InsuranceChange Payment Information
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7954 S Maryland Avenue | MLS# 12711631
This multi-family property located at 7954 S Maryland Avenue, Chicago, IL 60619 is currently listed for sale with an asking price of $600,000. Search Chicago real estate on kdavis.gogambino.com today.