Address
7954 S Maryland Avenue, Chicago, IL
Price
$ 600,000
Property Attributes
- MLS#12711631
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Chatham
- NeighborhoodChatham
- Zip60619
- Style
- Year Built1924
- Taxes$ 20633
- Price$ 600,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 7/21/2026 | Listed $600,000 |
General Features
| Year Built | 1924 |
|---|---|
| Stories Count | 4 |
| Tax Year | 2024 |
| County | Cook |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Starting from downtown Chicago,take I-90/I-94 East toward Indiana. Take the 79th Street exit and turn left onto W. 79th Street. Continue east for approximately 1.5 miles,then turn right onto S. Maryl |
| City | Chicago |
| Number Of Units Total | 17 |
| MLS Area | CHI - Chatham |
| Tax Annual Amount | 20633.26 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Exterior Features
| Lot Dimensions | 55x125 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60619
Price
Taxes
Year Built
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