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Listing provided courtesy of Keller Williams Preferred RltyMREDas Distributed by MLSGrid- MLS# 12572665MLS Provider

8624 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:
123 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
Community data courtesy of LiveBy, Inc.

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

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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
Calculations provided by Reliance Network

8624 S Maryland Avenue History

Date Event Value Agent
3/4/2026Source: MRED Status Change
Active
2/27/2026Source: MRED Added to Database
February 27, 2026