8001 S Maryland Ave
- Turnkey 12-Unit Asset In East Chatham With Organic Rental Upside
- Well-Maintained Brick Walk-Up With Recent Capital Improvements Throughout
- Balanced Unit Mix: Six (6) One-Bedroom & Six (6) Two-Bedroom Apartments
- Recently Upgraded Building Systems Including New 800 AMP Electric Service, HVAC (Installed by 4 Seasons), Hot Water Heaters
Property Description
Essex Realty Group is pleased to present 8001 S. Maryland, a 12-unit brick walk-up building located in Chicago’s East Chatham neighborhood. The property features a well-balanced unit mix of six (6) one-bedroom / one-bath apartments and six (6) two-bedroom / one-bath apartments, catering to strong and consistent tenant demand in the submarket. The building has undergone significant recent capital improvements, positioning it as a turnkey investment opportunity with meaningful rental upside. Major upgrades include the installation of brand-new Mitsubishi heating and air conditioning mini-split systems in all units (completed in 2025), providing tenants with modern, energy-efficient climate control. Hot water is supplied by two (2) newly installed Rheem Performance 75-gallon natural gas water heaters (150 gallons total), each backed by a 6-year warranty. The roof was replaced approximately six years ago, further reducing near-term capital expenditure concerns. Additional building enhancements include individual electrical panels and a full perimeter security camera system, both newly installed in 2025, improving operational efficiency, safety, and long-term asset performance. This well-maintained East Chatham asset offers investors the opportunity to acquire a stabilized, low-maintenance property with organic rent growth potential. With modern mechanical systems already in place and strong neighborhood fundamentals, ownership can continue to push rents while benefiting from a clean, turnkey operation and long-term hold stability.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $875,000 |
| No. of Units: | 12 |
| Year Built: | 1924 |
| Lot Size: | 0.09 Acres |
| Opportunity Zone: | No |
| Price per unit: | $72,917 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Highway 14 W
Underwood, North Dakota
3717 Westminster Pl
Saint Louis, MissouriBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout