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7954-7956 S Maryland Ave
Chicago, IL 60619
Multifamily Property For Sale
·
17 Units
Investment Highlights
- Chatham is a long-established South Side Chicago community area bounded by 79th, Cottage Grove, 95th and the Dan Ryan Expressway
- The Chatham submarket has produced 9 closed transactions within a 1-mile radius over the past 48 months at an average price of $58,195/unit
- Dense, transit-served neighborhood with an entrenched renter base.
- 0.7 miles from the 83rd St (Avalon Park) Metra Electric station, with CTA bus service on every adjacent arterial.
Executive Summary
7954–7956 S Maryland Ave is a 17-unit, 100% vacant multifamily reposition opportunity in Chicago's Chatham submarket — a single-parcel, two-address offering delivered as a clean slate for renovation.
Heavy 1BR/2BR mix in a 13,600 SF vintage brick walk-up — 12 × 1BR/1BA and 5 × 2BR/1BA — giving a buyer full control to execute unit-by-unit interior rehab and lease at market rents with no tenant displacement risk.
Operations underwrite a stabilized $151,892 NOI on $287,280 of effective gross income with $595,000 ($35K/door) of rehab capital folded into acquisition financing
Heavy 1BR/2BR mix in a 13,600 SF vintage brick walk-up — 12 × 1BR/1BA and 5 × 2BR/1BA — giving a buyer full control to execute unit-by-unit interior rehab and lease at market rents with no tenant displacement risk.
Operations underwrite a stabilized $151,892 NOI on $287,280 of effective gross income with $595,000 ($35K/door) of rehab capital folded into acquisition financing
Property Facts
| Price Per Unit | $35,294 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 13,600 SF |
| No. Units | 17 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1924 |
| Apartment Style | Low-Rise | Cross Streets | E 80th St |
| Building Class | C | ||
| Zoning | R-3, Chicago | ||
| Price Per Unit | $35,294 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 13,600 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 1924 |
| Cross Streets | E 80th St |
| Zoning | R-3, Chicago |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | 20-35-100-024-0000 | Improvements Assessment | $90,591 |
| Land Assessment | $12,109 | Total Assessment | $102,700 |
Property Taxes
Parcel Number
20-35-100-024-0000
Land Assessment
$12,109
Improvements Assessment
$90,591
Total Assessment
$102,700
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