7954-7956 S Maryland Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$600,000 USD
773-615-2626
7954-7956 S Maryland Ave, Chicago, IL for Sale
$600,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

7954-7956 S Maryland Ave
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Chatham is a long-established South Side Chicago community area bounded by 79th, Cottage Grove, 95th and the Dan Ryan Expressway
  • Dense, transit-served neighborhood with an entrenched renter base.
  • 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
  • 0.7 miles from the 83rd St (Avalon Park) Metra Electric station, with CTA bus service on every adjacent arterial.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$44 USD /SF

# OF UNITS

17

PRICE/UNIT

$35,294

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,736 SF

ZONING

R-3, Chicago

APN/PARCEL ID

20-35-100-024-0000

ASK ABOUT THIS PROPERTY

Brian Mond33 RealtyMore Info
773-615-2626

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Brian Mond33 RealtyMore Info
773-615-2626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.