8215 S Maryland Ave , Chicago, IL 60619 For Sale

  • $419,900
  • 12 beds
  • 3 baths
  • 4,635 sqft

New Opportunity to purchase an updated red-brick 3-Flat in Chicago’s East Chatham neighborhood. This property is spacious. Each unit features four (4) bedrooms and one (1) bathroom. The building has updated kitchens, bathrooms and modern-style finishing throughout. The building has been updated throughout with mechanicals, plumbing, electrical systems and more. The unit upgrades include new kitchens, new bathrooms, updated flooring, new trim and much more. The property is located within walking distance of the CTA at 83rd & Cottage Grove, the 83rd Street Metra stop and various local amenities including the shops at Chatham Village Square. Schedule your showing today, this is a great building to own!


Estimated Operating Proforma – Income/Expense Pct Monthly Annual
Gross Potential Rent (estimated) 3,720 44,640
Total Income (estimated) 3,720 44,640
— Expenses —
Property Taxes – Tax Yr: 2020 -309 -3,706
Insurance (estimated) -417 -5,000
Property Management Fees (Pct of Gross Rent) 8.00% -298 -3,571
Allowance for Maintenance/Turnover/Vacancy (estimated Pct of Gross Rent) 15.00% -558 -6,696
Water/Sewer (estimated) -135 -1,620
Trash Collection (estimated) -32 -378
Common Area Utilities (estimated) -30 -360
Common Area Maintenance (estimated) -120 -1,440
Total Expenses (estimated) -1,898 -22,771
——
Net Operating Income (estimated) 1,822 21,869
Price:
$419,900
Address:
8215 S Maryland Ave
Chicago, IL 60619
Square Feet:
4,635
Lot Size:
4,687
Bedrooms:
12
Bathrooms:
3
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1927
Basement:
Full, Unfinished
Const. Type:
Brick
MLS #:
11148041

Call 773.233.2301 for more details

Property Location