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Six-Unit Apartment Building
For Sale
$595,000

8624 S Maryland Avenue, Chicago, IL 60619

Six independent living spaces include private kitchens, living rooms, and dining areas, with MULTI zoning.

Property Size3,952 SF
Days on Market164

Property Features for 8624 S Maryland Avenue

General Information

Standard status Active
Size 3,952 SF
Total Parking Spaces 6
Property subtype Commercial
Zoning MULTI

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $6,418

Amenities

24 hour security surveillance system

Building Details

Building Size 3,952 SF
Year Built 1959
Stories 2
Units 5
Listing Agency: Keller Williams Preferred Rlty
Listed By: Harry Ventimiglia · License #475116431
Source: Midwestrealestate
Added: Feb 27 Changed: Aug 8 Last Checked: Aug 9 at 1:46PM

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 Keller Williams Preferred Rlty

Investment Insights

Based on property information with market context.

This 1959 apartment building contains 6 units with a combined 10 bedrooms and 6 bathrooms. Each residence has a separate kitchen, living room, and dining area, creating self-contained layouts. The property also includes a 24-hour security surveillance system and six dedicated parking spaces.

Two units are leased, while three are operating as Airbnb rentals. One of those units is secured for 160 rental days. A sixth unit remains unfinished and requires renovations, providing an additional component for future improvement. The property is located at 8624 S Maryland Avenue in Chicago, Illinois, and carries MULTI zoning.

Key Highlights

  • 6‑unit apartment building with 10 bedrooms and 6 bathrooms
  • Each unit includes a kitchen, living room, and dining area
  • Two units currently leased

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Skin Care Clinic HVAC Service Gym & Fitness Center Auto Repair Shop Kitchen & Bath Showroom

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,063
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six independent living spaces include private kitchens, living rooms, and dining areas, with MULTI zoning.
Where is this apartment building located?
The property is located at 8624 S Maryland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 6‑unit apartment building with 10 bedrooms and 6 bathrooms; Each unit includes a kitchen, living room, and dining area; Two units currently leased
More about this property
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