Skip To Content

8046 S Maryland Avenue

Chicago, IL 60619
  • $220,000
  • STATUS: Active
  • ON SITE: 80 Days
  • MLS #: 11944712
Price Reduced
UPDATED: 40 min ago
$220,000
  • 6
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1921
County:

School Information

Elementary School:
School District:
299

Description

Nestled in East Chatham, this is one awesome opportunity for an Owner-Occupant or an Investor looking to begin (or add) to their portfolio! No doubt the Units and Building would benefit from some TLC, but once work is completed...watch the income flow and equity grow. Each Unit has a spacious LR and separate DR. 2 ample sized BRs, with closets. Kitchen & Bathroom. And large Coat Closet. Heat and Hot Water are separated out for each Unit. With decent ceiling height, the unfinished basement has the beginnings of an additional living space, with it's own furnace and ductwork already installed! Newer back stairs and decks eliminate that costly update from your budget. 3 Car Brick Garage! Even as is, you should start to see income generating from the start...but with upgrades and repairs, recent 2BR comps nearby show you can easily fetch at least $1200-1500 per Unit. (Don't forget the possibilities that the unfinished basement brings.) AND...have you heard about new programs for Owner-Occupied 2-4 Flats where you ONLY need 5% DOWN?! (We can get you in touch with some great Lenders to learn more!) NOTE: CASH or Conventional ONLY. (This property is not a good match for FHA / FHA 203(K) REHAB and/or CONV REHAB.) What's nearby? Dining up and down Cottage Grove, Shopping, Orange Line, South Shore Dr, Lake Michigan, Beaches, Parks & MORE! Being smack dab between 90 and 94 expressways, you can easily access Downtown, the City, and 'Burbs. Property is being sold AS-IS, WHERE IT STANDS. PLEASE DO NOT DISTURB CURRENT OCCUPANTS. Call to schedule an In-Person Tour of this Chatham gem!

Monthly Payment Calculator



© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-03-01T15:00:50.62 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
www.centralilhomefinder.com/homes/145983921
Print Image

8046 S Maryland Avenue Chicago, IL 60619

  • Price: $220,000
  • Status: Active
  • On Site: 80 Days
  • Updated: 40 min ago
  • MLS #: 11944712
6
Beds
0
Baths
0
½ Baths
0.09
Acres
1921
Built
Neighborhood:
Chi - Chatham
County:
Cook
Area:
Chi - Chatham
Elementary School:
Ashe Elementary School
High School:
Hirsch Metropolitan High School
School District:
299
Property Description
Nestled in East Chatham, this is one awesome opportunity for an Owner-Occupant or an Investor looking to begin (or add) to their portfolio! No doubt the Units and Building would benefit from some TLC, but once work is completed...watch the income flow and equity grow. Each Unit has a spacious LR and separate DR. 2 ample sized BRs, with closets. Kitchen & Bathroom. And large Coat Closet. Heat and Hot Water are separated out for each Unit. With decent ceiling height, the unfinished basement has the beginnings of an additional living space, with it's own furnace and ductwork already installed! Newer back stairs and decks eliminate that costly update from your budget. 3 Car Brick Garage! Even as is, you should start to see income generating from the start...but with upgrades and repairs, recent 2BR comps nearby show you can easily fetch at least $1200-1500 per Unit. (Don't forget the possibilities that the unfinished basement brings.) AND...have you heard about new programs for Owner-Occupied 2-4 Flats where you ONLY need 5% DOWN?! (We can get you in touch with some great Lenders to learn more!) NOTE: CASH or Conventional ONLY. (This property is not a good match for FHA / FHA 203(K) REHAB and/or CONV REHAB.) What's nearby? Dining up and down Cottage Grove, Shopping, Orange Line, South Shore Dr, Lake Michigan, Beaches, Parks & MORE! Being smack dab between 90 and 94 expressways, you can easily access Downtown, the City, and 'Burbs. Property is being sold AS-IS, WHERE IT STANDS. PLEASE DO NOT DISTURB CURRENT OCCUPANTS. Call to schedule an In-Person Tour of this Chatham gem!
Exterior Features

Exterior Building Type Brick Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Details Garage Parking Total 3 Waterfront YN No

Interior Features

Basement Unfinished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 15

Property Features

Additional Parcels YN No Age 100+ Years Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Corporate Limits Chicago General Information None Gross Income 1760 Mls Actual Status Price Change New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions List Broker Must Accompany Tax Annual Amount 4730.69 Tax Year 2022 Total Numberof Unitsin Building 3 Total Rental Income 1760 Township Hyde Park Type Two to Four Units Water Source Lake MichiganPublic

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of J J Nate Real Estate & Mgmt: 773-805-5663.


© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-03-01T15:00:50.62 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
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_2_11944712-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_2_11944712-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_2_11944712-1.jpg
Logo
Ryan Dallas Real Estate
4112C Fieldstone Road
Champaign IL, 61822