8624 S Maryland Ave, Chicago, IL
9 bd · 5 ba · 0 sqft Multi-Family listed at $595,000, built in 1959 in the East Chatham neighborhood.
About this home
Exceptional investment opportunity! This well-maintained 6 unit multi-family property offers a total of 10 bedrooms and 6 bathrooms, making it ideal for both long term and short term rental strategies. Each unit features its own kitchen, living room, and dining area, offering comfortable, fully independent living spaces for tenants or guests. The property is equipped with a 24 hour security surveillance system for added peace of mind. Exterior amenities include six dedicated parking spaces for residents and guests. Two units are currently leased, providing immediate, stable income. Three units are operating as active Airbnb rentals, with one unit already secured for 160 rental days. One additional unfinished unit needing rennovations presents an opportunity for updates and added value.
Property details
- Price
- $595,000
- Bedrooms
- 9
- Bathrooms
- 5
- Year built
- 1959
- Lot size
- 3,049 sqft
- Type
- Multi-Family
- Days on market
- 57
- Est. property tax
- $12,376/yr · $1,031/mo · 2.08% IL avg
Estimated monthly payment
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Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60619)
Median age is 41.3; 17% hold a bachelor's degree; 44% of homes are owner-occupied; median household income is $42,802.
- Median income
- $42,802
- Median age
- 41.3
- Owner-occupied
- 43.6%
- Bachelor's degree
- 17.4%
- Census median home value
- $196,600
Source: US Census Bureau American Community Survey 5-year estimates.
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