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Commercial Land with Existing Building
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6547 S Maryland Ave, Chicago, IL 60637

Redevelopment property with an existing structure and several stated residential and senior-living concepts.

Property SizeContact for details
Days on Market144

Property Features for 6547 S Maryland Ave

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Millennium Properties R/E
Listed By: Brad Thompson · License #IL 471013662
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 2:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Millennium Properties R/E

Investment Insights

Based on property information with market context.

This commercial land offering includes a 21,000-square-foot redevelopment site improved by an 8,655-square-foot building. The existing structure may be suitable for rehabilitation, while the property has also been identified for potential conversion to a 21-unit multifamily building, senior living facility, or single-family homes.

The property is located at 6547 S. Maryland Ave in Chicago, near shopping along Cottage Grove Avenue, including Family Dollar and Aldi. Washington Park is nearby, and the site is positioned in the Woodlawn neighborhood on Chicago’s South Side.

Key Highlights

  • 21,000‑square‑foot redevelopment site
  • Existing 8,655‑square‑foot building may support rehabilitation
  • Potential concept for a 21‑unit multifamily building

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Computer & Electronic Repair Law Firm Bakery Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

924
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
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?
Commercial land - Redevelopment property with an existing structure and several stated residential and senior-living concepts.
Where is this commercial land located?
The property is located at 6547 S Maryland Ave Chicago, IL.
What are key features of this property?
This property features: 21,000‑square‑foot redevelopment site; Existing 8,655‑square‑foot building may support rehabilitation; Potential concept for a 21‑unit multifamily building
(312) 338-3000 Call to check price and availability
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