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Vacant 17-Unit Apartment Building
For Sale
$600,000

7954 S Maryland Avenue, Chicago, IL 60619

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market39

Property Features for 7954 S Maryland Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 20
Bathrooms 17
Full bathrooms 17
Rooms Bedroom 5, Bathroom 12, Bedroom 16, Bedroom 20, Bathroom 5, Bedroom 17, Bedroom 9, Bedroom 2, Bathroom 15, Bathroom 1, Bedroom 11, Bathroom 13, Bedroom 14, Bathroom 6, Bathroom 2, Bedroom 12, Bedroom 18, Bedroom 10, Bedroom 4, Bedroom 19, Bathroom 10, Bathroom 3, Bedroom 1, Bathroom 9, Bedroom 3, Bathroom 11, Bedroom 7, Bedroom 8, Bathroom 17, Bedroom 6, Bedroom 15, Bedroom 13, Bathroom 4, Bathroom 16, Bathroom 7, Bathroom 14, Bathroom 8
Directions Starting from downtown Chicago, take I-90/I-94 East toward Indiana. Take the 79th Street exit and turn left onto W. 79th Street. Continue east for approximately 1.5 miles, then turn right onto S. Maryland Avenue. The property at 7954 S. Maryland Avenue will be immediately ahead.
Subdivision CHI - Chatham
Standard status Active
APN 20351000240000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 20633

Building Details

Year built 1924
Floors in Building 4
Number of units 17
Listing Agency: 33 Realty
Listed By: Brian Mond · License #478007026
Added: Jul 21 Changed: Aug 20 Last Checked: Aug 28 at 2:06AM
MLS# 12711631

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.

Investment Insights

Based on property information with market context.

Built in 1924, this 17-unit apartment building is fully vacant and requires a complete gut rehabilitation. The condition allows for a comprehensive redesign of unit layouts, finishes, and building systems, subject to applicable approvals and construction requirements.

The property is located at 7954 S Maryland Avenue in Chicago’s Chatham neighborhood, near Cottage Grove Avenue. Access to the Dan Ryan Expressway, Metra service, and the CTA Red Line supports connections throughout the city. The surrounding area includes the 79th Street retail corridor, Chicago State University, Avalon Park, Hamilton Park, Dat Donut, and Harold’s Chicken Shack.

Key Highlights

  • 17‑unit apartment building, fully vacant
  • Constructed in 1924
  • Complete gut rehabilitation required

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom Law Firm Gym & Fitness Center Acupuncture Plumbing Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,266
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully vacant multifamily property requiring comprehensive rehabilitation and replacement of building systems.
Where is this apartment building located?
The property is located at 7954 S Maryland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 17‑unit apartment building, fully vacant; Constructed in 1924; Complete gut rehabilitation required
More about this property
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