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8001 S Maryland Ave
Chicago, IL 60619
Multifamily Property For Sale
·
12 Units
Executive Summary
This turnkey 12-unit asset in East Chatham presents an exceptional opportunity with organic rental upside. The well-maintained brick walk-up has undergone notable capital improvements, ensuring durability and operational efficiency. Featuring a balanced unit mix of six one-bedroom and six two-bedroom apartments, the property appeals to a broad tenant base. Recent upgrades to building systems include a new 800 AMP electric service, HVAC installation by 4 Seasons, and two Rheem Performance hot water heaters, enhancing overall functionality and reducing future maintenance requirements.
Property Facts
| Price Per Unit | $100,339 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.97% | Lot Size | 0.09 AC |
| Gross Rent Multiplier | 5.54 | Building Size | 11,250 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1923/2010 |
| Zoning | RS-3 - Residential Single-Unit District | ||
| Price Per Unit | $100,339 CAD |
| Sale Type | Investment |
| Cap Rate | 8.97% |
| Gross Rent Multiplier | 5.54 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 11,250 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1923/2010 |
| Zoning | RS-3 - Residential Single-Unit District |
Amenities
Unit Amenities
- Kitchen
- Hardwood Floors
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 500 |
| 2+1 | 6 | - | 675 |
Property Taxes
| Parcel Number | 20-35-108-001-0000 | Improvements Assessment | $111,002 CAD |
| Land Assessment | $8,151 CAD | Total Assessment | $119,153 CAD |
Property Taxes
Parcel Number
20-35-108-001-0000
Land Assessment
$8,151 CAD
Improvements Assessment
$111,002 CAD
Total Assessment
$119,153 CAD
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