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8001 S Maryland Avenue

Chicago, IL 60619
  • $375,000
  • STATUS: Closed
  • ON SITE: 80 Days
  • MLS #: 11257766
Sold - 01/14/2022
$375,000
SOLD - 01/14/2022
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1924
County:

School Ratings & Info

Description

The Neistat Group and Jameson Commercial are pleased to present the exclusive sale of 8001 S Maryland, a twelve (12) unit property in Chicago'shistoric Chatham neighborhood. Located just three (3) miles from the University of Chicago / Hyde Park and nine (9) miles from Downtown and easy access to three (3) Highways; I90, I94, and Dusable LakeShore Drive. 8001 S Maryland is a gorgeous brick three (3) story walk up on the corner of 80th and Maryland. There are four tiers and two (2) different unit types consisting of six (6) - two(2) bedrooms and one (1) bathroom and six (6) -one (1) bedroom and one (1) bathroom. This asset is a real value-add opportunity. Currently, three (3) units are framed with new copper, electrical, windows, and the east side of the building has a new roof. Tenants pay for electricity and heat; the owner pays gas for the Hot Water. 8001 S Maryland is suited for an investor looking for a true value-add, not only acquiring this asset to put your stamp but having actual value with the renovation. Additionally, with the Obama Presidential Library breaking ground and announcing a $61Mentertainment studio half (.5) a mile west, the neighborhood is slated further to appreciate.

Sold by Jameson Sotheby's Intl Realty.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-17T16:59:30.78 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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8001 S Maryland Avenue Chicago, IL 60619

  • Price: $400,000
  • Status: Closed
  • On Site: 80 Days
  • Updated: 30 min ago
  • MLS #: 11257766
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1924
Built
Neighborhood:
Chi - Chatham
County:
Cook
Area:
Chi - Chatham
Property Description
The Neistat Group and Jameson Commercial are pleased to present the exclusive sale of 8001 S Maryland, a twelve (12) unit property in Chicago'shistoric Chatham neighborhood. Located just three (3) miles from the University of Chicago / Hyde Park and nine (9) miles from Downtown and easy access to three (3) Highways; I90, I94, and Dusable LakeShore Drive. 8001 S Maryland is a gorgeous brick three (3) story walk up on the corner of 80th and Maryland. There are four tiers and two (2) different unit types consisting of six (6) - two(2) bedrooms and one (1) bathroom and six (6) -one (1) bedroom and one (1) bathroom. This asset is a real value-add opportunity. Currently, three (3) units are framed with new copper, electrical, windows, and the east side of the building has a new roof. Tenants pay for electricity and heat; the owner pays gas for the Hot Water. 8001 S Maryland is suited for an investor looking for a true value-add, not only acquiring this asset to put your stamp but having actual value with the renovation. Additionally, with the Obama Presidential Library breaking ground and announcing a $61Mentertainment studio half (.5) a mile west, the neighborhood is slated further to appreciate.
Exterior Features

Exterior Building Type Brick Foundation Details Brick/MortarConcrete Perimeter Parking Total 0 Roof Structure Flat

Interior Features

Basement UnfinishedExterior AccessBathroom Rough-InEgress Window8 Ft + PourConcrete (Basement)Walk-Up Access Cooling None Heat Ventilation Electric Number Of Ranges 3

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Current Use Multi-Family Electric Circuit Breakers Financing Renovation Loan Gross Income 120600 Gross Scheduled Income 120600 Insurance Expense 6000 Maintenance Expense 3000 Net Operating Income 70027 Operating Expense 41528 Ownership Types Corporation Possible Use Multi-Family Short Sale Not Applicable Tax Annual Amount 8539 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 10050 Township Hyde Park Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Jameson Sotheby's Intl Realty.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-17T16:59:30.78 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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