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8038 S Maryland Avenue
Chicago IL 60619 US

$384,900

Active Listing ID 12747083
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6 bed
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3.00 Bath (3 Full)
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Lot: 0.09 Acres
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Other

$384,900

Active Listing ID 12747083
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8038 S Maryland Avenue Investor opportunity in the heart of Chatham! This fully occupied 3-unit building offers immediate income with additional long-term upside for the savvy buy-and-hold investor. Each unit features a functional 2-bedroom layout, while residents are responsible for their own gas and electric-an attractive setup for operating efficiency. Individual furnaces and water heaters serve each unit, providing added convenience and control. Current gross rents total approximately $3, 561/month, with additional income growth already underway through a newly executed lease and a pending CHA rent increase. With comparable 2-bedroom rents in the area supporting higher rental potential, the next owner has an opportunity to continue strengthening the building's income over time. Outside, a 3-car masonry garage adds valuable off-street parking and additional appeal for tenants. Unfinished basement offers additional value-add potential, including the possibility of a future additional unit, subject to zoning and City approval. Conveniently located near transportation, shopping, and neighborhood amenities, this is an opportunity to acquire an occupied multifamily asset with existing cash flow, separate tenant-paid utilities, and room for future income growth. Add this Chatham 3-unit to your portfolio and let your investment work from day one.

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Property Features

  • Facts
  • Lot Size: 0.09 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • Heating Fuels: Natural Gas, Forced Air
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 384900
  • unparsedaddress: 8038 S Maryland Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60619
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.09
  • lotsizeunits: Acres
  • lotsizearea: 0.09
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.748323
  • longitude: -87.604232
  • listagentfullname: Cierra Thurman
  • listagentemail: cierra.thurman@kw.com
  • listagentkey: 3yd-MREDIL-894635
  • listagentmlsid: 894635
  • listagentpreferredphone: (312) 216-2422
  • listagentofficephone: 7085959889
  • listofficekey: 3yd-MREDIL-87738
  • listofficemlsid: 87738
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1923
  • listingcontractdate: 2026-09-02
  • listagenturl: http://kwonechicago.com/
  • countyorparish: Cook
  • parcelnumber: 20351070230000
  • elementaryschooldistrict: 299
  • middleorjuniorschooldistrict: 299
  • highschooldistrict: 299
  • constructionmaterials: Brick
  • heating: Natural Gas, Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 3
  • parkingfeatures: Garage
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • rooms: Bedroom 5, Bedroom 6, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
  • basement: Unfinished, Partial
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.60423, 41.74832
  • openhouse: { "AppointmentRequiredYN": false, "ListingKey": "3yd-MREDIL-12747083", "OpenHouseEndTime": "2026-09-13 14:00:00", "OpenHouseId": "9177736", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-09-13 13:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }, { "AppointmentRequiredYN": false, "ListingKey": "3yd-MREDIL-12747083", "OpenHouseEndTime": "2026-10-04 14:00:00", "OpenHouseId": "9177738", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-10-04 13:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }, { "AppointmentRequiredYN": false, "ListingKey": "3yd-MREDIL-12747083", "OpenHouseEndTime": "2026-09-27 14:00:00", "OpenHouseId": "9177755", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-09-27 13:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }, { "AppointmentRequiredYN": false, "ListingKey": "3yd-MREDIL-12747083", "OpenHouseEndTime": "2026-09-20 14:00:00", "OpenHouseId": "9177758", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-09-20 13:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }, { "AppointmentRequiredYN": false, "ListingKey": "3yd-MREDIL-12747083", "OpenHouseEndTime": "2026-09-06 14:00:00", "OpenHouseId": "9177760", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-09-06 13:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Chicago ONEChicago", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"cierra.thurman@kw.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ONEChicago@kw.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/a3ae8911ddc111e6af690242ac110009k-c1536657097r.png", "ListBrokerageName":"Keller Williams Chicago ONEChicago", "ListBrokeragePhone":"(312) 216-2422", "ListBrokeragePostalCode":"60614", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":"Ste. 104", "ListBrokerageUnparsedAddress":"2211 N. Elston Ave", "ListBrokerageWebsiteUrl":"http://kwonechicago.com/", "ListOfficeAddress1":"2211 N Elston Ave STE 400 ", "ListOfficeAddress2":"Ste. 104", "ListOfficeBrokerMlsId":"87738", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"ONEChicago@kw.com", "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/8038-S-Maryland-Ave_Chicago_IL_60619_M80054-57603?f=listhub&s=MREDIL&m=12747083&c=rexren", "MLSModificationTimestamp":"2026-09-02 15:35:03", "Neighborhoods":[{"Description":null, "Name":"CHI - Chatham"}], "PostalCode":null, "RoomCount":15, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5627, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/2/2026 4:07:35 PM GMT
Source Updated Date: 9/5/2026 12:48:41 PM GMT

Courtesy of: Cierra Thurman, Keller Williams ONEChicago, cierra.thurman@kw.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.