8021-23 South Maryland Avenue

Chicago, IL 60619

$499,000
Price
13
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Presenting a beautifully updated, fully occupied 6-unit building, perfect for both investors and homeowners. The property features five 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, all with living rooms. Each unit has been tastefully renovated, with modern kitchens and baths, updated plumbing, and individual furnaces. Tenants are responsible for their own electricity, heating, and cooking gas, ensuring a strong cash flow and cap rate. The building also offers potential for additional income...Presenting a beautifully updated, fully occupied 6-unit building, perfect for both investors and homeowners. The property features five 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, all with living rooms. Each unit has been tastefully renovated, with modern kitchens and baths, updated plumbing, and individual furnaces. Tenants are responsible for their own electricity, heating, and cooking gas, ensuring a strong cash flow and cap rate. The building also offers potential for additional income by installing a coin-operated laundry and an extra livable unit in the spacious basement. The exterior is well-maintained, featuring new windows and a full perimeter fence. While the 3-car detached garage requires some work, it provides excellent on-site parking opportunities. Sold "AS IS." Please refer to the additional documents for the Financial Pro Forma.

Property Details for 8021-23 South Maryland Avenue

Area
CHI - Chatham
Township
Hyde Park
Zoning
MULTI
LISTING UPDATED: 10/29/2024 12:06 AM

Property Details for 8021-23 South Maryland Avenue

StatusActive
MLS #12131343
Days on Market156
Taxes$2,879 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1926
Lot Size0.14 AC / 6,250 SF
CountyCook County

Building Information for 8021-23 South Maryland Avenue

Stories3Residences6Year Built1926Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 8021-23 South Maryland Avenue

General Information
Addtl Parking Information
  • Indoor Parking: Detached
Location and General Information
  • Information: 48-Hr Notice Required,Short Sale
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 0
  • Basement Description: Unfinished
  • Heat/Ventilation: Radiators,Steam
  • # Of Refrigerators: 6
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 50X125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation Details: Brick/Mortar
  • # Of Ranges: 6
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2024-08-11T15:56:56
  • Photos Count: 12
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $355.00
  • Fuel Expense: $3,716.00
  • Gross Income: $77,544.00
  • Gross Scheduled Income: $77,544.00
  • Insurance Expense: $5,249.00
  • Maintenance Expense: $2,300.00
  • Manager Expense: $5,000.00
  • Electric Expense Source: Combination
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 2300
  • Manager Expense Source: OP
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 5562
  • Water Expense Source: Owner Projection
  • Net Operating Income: $51,323.00
  • Operating Expense: $26,221.00
  • Other Expense: $1,500.00
  • Trash Expense: $1,500.00
  • Water Sewer Expense: $2,572.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 8021-23 South Maryland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 8021-23 South Maryland Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 6 to 12
Rating
School
Distance
Ashe Elementary School
PublicPK to 8

Hirsch Metropolitan High School
Public9 to 12

CICS Avalon
CharterK to 8

Gary Comer College Prep
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8021-23 South Maryland Avenue is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on August 26, 2024 by Coldwell Banker Realty, it's currently listed at $499,000. This listing's school district is Chicago Public Schools. Nearby schools include Ashe Elementary School, Hirsch Metropolitan High School and CICS Avalon. 8021-23 South Maryland Avenue is a 13-bed, 6-bath, multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/29/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.