8000-8012 S Maryland Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$2,650,000 USD
773-293-5090
8000-8012 S Maryland Ave, Chicago, IL for Sale
$2,650,000 USD
Apartments - FOR SALE
1/5
null | 8% Cap Rate

8000-8012 S Maryland Ave
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Meticulously Maintained Courtyard Building
  • Twenty-One (21) 2Bd/1Ba, Nine (9) 1Bd/1Ba, & Nine (9) Studios
  • Updated Kitchen/Baths
  • New Boiler with R&D Control System
  • 100% Copper Plumbing
  • New Electric Service (1,200 Amps)

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 8000 S. Maryland, a 39-unit courtyard located in Chicago’s East Chatham neighborhood. The property is tucked away on a quiet, tree-lined street and is within walking distance to Grand Crossing Park. Additionally, the property sits just a few blocks away from the 79th and Chatham Metra station providing tenants quick and easy access to downtown Chicago via train. 8000 S. Maryland is comprised of 39 total units, made up of nine (9) Studios, nine (9) 1b/1ba, and twenty-one (21) 2b/1ba units. All of the units have spacious layouts with hardwood flooring throughout. Additionally, the building consists of all copper plumbing, modern Weil McClain Boiler (2024) with R&D control system, newer hot water tanks, and an on-site laundry facility. 8000 S. Maryland presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Chatham neighborhood. With the current operation from day one, an investor will realize a 8% cap rate and a 9.26% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 12.18% and a 25.97% cash return.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

39

PRICE/UNIT

$67,949

CAP RATE

8%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chatham Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,250 SF

ZONING

R-3, Chicago

APN/PARCEL ID

20-35-107-016-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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