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5319 S Maryland Ave Chicago, IL 60615

Under Contract
For Sale
$975,000

Residential Income, Colonial - Chicago, IL

Days on Market:
27
Last Refresh:
Dec 10 at 10:06 am

Property Features for 5319 S Maryland Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active Under Contract
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Bedrooms
12
APN
20113140050000
Parking
4
Exterior features
Fencing
Fencing
Fenced

Utilities

Heating system
Natural Gas

Building Details

Architectural style
Colonial

Coldwell Banker Leader Realty (312) 513-4490 [email protected]

Listing agent Robert Teverbaugh (773) 465-4200 License #475155033

Listing date Nov 14, 2025

MLS# 12512941 Listing URL

Copyright © 2025 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.


Overview

Chicago Greystone Multifamily Investment Property

This meticulously maintained 3-unit solid Greystone is situated on an oversized 50' x 120' lot and includes a 4-car detached garage and refurbished rear decks. The property combines classic architecture with modern upgrades, offering investment potential. Each unit benefits from natural light through oversized windows and exposures on all sides. The location provides access to the CTA Express bus downtown, DuSable Lake Shore Drive, Kenwood High School, Lab Schools, Whole Foods, Starbucks, 'Downtown Hyde Park' shopping and dining, and the University of Chicago Medical complex. The property features 12 bedrooms and 7 baths. Units 2 and 3 each have 4 bedrooms, 2 baths, and double parlors. Unit 1, the owner's unit, includes 3 bedrooms and 2 baths, and connects to a separate studio garden unit via a private interior stair. All units have formal dining rooms, original millwork, pocket doors, and working transoms. Upgrades include three furnaces (oldest from 2021, serviced annually), two water heaters replaced in 2022-2023, parapet walls refurbished in 2022 and 2024, a roof resurfaced and silver-coated in 2024, sewer lines cleaned and epoxy-coated with a 50-year transferable warranty in 2021, and 17 double-pane windows replaced in 2024. The owner's unit has a new washer and dryer, and a newer stove and refrigerator from 2023. The garden unit has a private side entrance via a new, secure storm door and a full bath with a deep soaker spa tub, suitable for an in-law arrangement or short-term rental. Tenant amenities include a new coin-operated laundry in the basement. Each unit pays its own utilities. Located in Kenwood/Hyde Park, it is near the University of Chicago, lakefront trails, parks, dining, and cultural landmarks. The property is suitable for an owner-occupant or investor seeking turnkey income.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
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City
Chicago
County
Cook
State
Illinois
Longitude
-87.6047804
Latitude
41.7979367

FAQs

What type of property is this?
Apartment building - Meticulously maintained 3-unit Greystone near University of Chicago.
Where is this apartment building located?
The property is located at 5319 S Maryland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: - Oversized 50' x 120' lot with a solid Greystone 3-unit building; - Strong income potential with 3 units, including a 4-bedroom unit with double parlors, plus a garden unit with short-term rental potential; - Recent major upgrades including roof resurfacing (2024), sewer line epoxy-coating (2021, 50-year warranty), and window replacements (2024)
More about this property
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