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Six-Unit Apartment Building
For Sale
$595,000

8624 S Maryland Ave, Chicago, IL 60619

Independent residential layouts include private kitchens, living rooms, and dining areas for flexible rental operations.

Property Size3,952 SF
Price / SF$150.56
Days on Market16

Property Features for 8624 S Maryland Ave

General Information

Standard status Active
Size 3,952 SF
Total Parking Spaces 6
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence unfinished unit needing rennovations

Additional Details

Multifamily Units 6

Amenities

24-hour security surveillance system

Building Details

Year Built 1959
Listing Agency: Keller Williams Preferred Rlty
Listed By: Harry Ventimiglia · License #475116431
Source: Saladinosells
Added: Sep 6 Changed: Sep 11 Last Checked: Sep 21 at 11:58AM

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.

Located at 8624 S Maryland Avenue in Chicago, this apartment property contains six units with a combined 3,952 square feet. The 1959 building includes 10 bedrooms and six bathrooms, with each residence arranged around its own kitchen, living room, and dining area.

Current occupancy includes two leased units and three units operating as Airbnb rentals. One of those short-term rentals has 160 rental days secured. A sixth unit remains unfinished and requires renovation, creating a defined improvement component within the property. Six dedicated parking spaces serve residents and guests, while a 24-hour security surveillance system is installed on the premises.

Key Highlights

  • Six‑unit apartment building with 3,952 square feet
  • 10 bedrooms and six bathrooms across the property
  • Two units currently leased; three units operate as Airbnb rentals

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Independent residential layouts include private kitchens, living rooms, and dining areas for flexible rental operations.
Where is this apartment building located?
The property is located at 8624 S Maryland Ave 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: Six‑unit apartment building with 3,952 square feet; 10 bedrooms and six bathrooms across the property; Two units currently leased; three units operate as Airbnb rentals
More about this property
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