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8038 S Maryland Avenue, Chicago, IL 60619

Chicago
Local realty services provided by:CENTURY 21 Broughton Team
8038 S Maryland Avenue,Chicago, IL 60619
$384,900
  • 6 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sun, Sep 06
    01:00 pm - 02:00 pm
  • Sun, Sep 13
    01:00 pm - 02:00 pm
Listed by: cierra thurman
Office: keller williams onechicago
MLS#:12747083
Source:MLSNI

Price summary

  • Price:$384,900

About this home

Investor opportunity in the heart of Chatham! This fully occupied 3-unit building offers immediate income with additional long-term upside for the savvy buy-and-hold investor. Each unit features a functional 2-bedroom layout, while residents are responsible for their own gas and electric-an attractive setup for operating efficiency. Individual furnaces and water heaters serve each unit, providing added convenience and control. Current gross rents total approximately $3,561/month, with additional income growth already underway through a newly executed lease and a pending CHA rent increase. With comparable 2-bedroom rents in the area supporting higher rental potential, the next owner has an opportunity to continue strengthening the building's income over time. Outside, a 3-car masonry garage adds valuable off-street parking and additional appeal for tenants. Unfinished basement offers additional value-add potential, including the possibility of a future additional unit, subject to...

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Home facts

  • Year built:1923
  • Listing ID #:12747083
  • Updated:September 02, 2026 at 04:42 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:15
  • Basement Description:Partial, Unfinished

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1923
  • Lot area:0.09 Acres

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$384,900
  • Tax amount:$5,627 (2025)

Parking

  • Total parking spaces:3
  • Parking description:Attached Garage, Garage
  • Garage:Yes
  • Garage spaces:3
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Barbara K. Broughton

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