Listing provided courtesy of Keller Williams Preferred RltyMREDas Distributed by MLSGrid- MLS# 12572665
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Request Info8624 S Maryland AvenueChicago, IL 60619
Commercial · 3 Beds · 3,952 Sq. ft. | 0.07 Acres$595,000
Active
8624 S Maryland Avenue Overview
- Time on Site:
- 122 days
- Visits:
- 0
Exceptional investment opportunity! This well-maintained 6 unit multi-family property offers a total of 10 bedrooms and 6 bathrooms, making it ideal for both long term and short term rental strategies. Each unit features its own kitchen, living room, and dining area, offering comfortable, fully independent living spaces for tenants or guests. The property is equipped with a 24 hour security surveillance system for added peace of mind. Exterior amenities include six dedicated parking spaces for residents and guests. Two units are currently leased, providing immediate, stable income. Three units are operating as active Airbnb rentals, with one unit already secured for 160 rental days. One additional unfinished unit needing rennovations presents an opportunity for updates and added value.
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8624 S Maryland Avenue Facts & Features
- Type Commercial
- Sq. ft. 3,952
- Price/Sq.ft. $151
- Lot 0.07 Acres
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 800
- Fuel Expense: 400
- Gross Income: 54000
- Gross Scheduled Income: 54000
- Insurance Expense: 300
- Maintenance Expense: 40000
- Net Operating Income: 15000
- Operating Expense: 24000
- Trash Expense: 200
- Water Sewer Expense: 300
Building Information
- Year Built: 1959
Business Information
- Current Use: Multi-Family
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Chatham
- Township: Hyde Park
Tax Information
- Tax Annual Amount: $6,418.00
- Tax Year: 2024
General Information
- New Construction: No
- Parcel Number: 20353140330000
- Possible Use: Multi-Family
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
Building Interior
- Building Area Total: 3952
General Information
- Basement: Partially Finished
- Cooling: None
- Electric: Separate Meters
- Fireplaces Total: 0
- Foundation Details: Concrete Perimeter
- Stories: 2
Exterior
Lot Information
- Additional Parcels: Yes
- Frontage Type: City Street
- Lot Size Dimensions: 25 x 125.4
- Lot Size Square Feet: 3150
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Composition
General Information
- Number Of Units Total: 5
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 2
- Baths Total: 1
- Units Total: 4
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 1
- Baths Total: 1
- Units Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Units Total: 1
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
8624 S Maryland Avenue Neighborhood
Community
60619 (CHICAGO) Demographics
42
Median Age
10,192
Population Density (per sq. mile)
35%
College Educated
$40,762
Estimated Median Income
12,181
Estimated Total Home Owners
15,093
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8624 S Maryland Avenue Monthly Cost
8624 S Maryland Avenue Market Data
Based on the last 30 days in this zip code
$215,577
Average List Price
$140
Average Price per Square Foot
34
Properties Sold
82
Average Days on Market
178
Properties for Sale
8624 S Maryland Avenue History
| Date | Value | Agent |
|---|---|---|
| 3/4/2026Source: MRED | Active |
|
| 2/27/2026Source: MRED | February 27, 2026 |