Property Overview
Interra Realty LLC is pleased to present for sale 8554-56 S. Maryland Ave. Located in Chicago's Chatham neighborhood, the subject property consists of sixteen (16) units featuring all 1 BD/1 BA layouts.
The asset has been pridefully maintained and well-managed by a long-term owner and features spacious unit layouts. All units have been rehabbed and feature upgraded kitchens and baths.
A qualified investor has the opportunity to acquire a stabilized, turn-key building with the ability to significantly increase rental rates to market levels through leasing operations.
Highlights
- All 1 BD/1 BA unit layouts.
- All units have seen cosmetic updates to kitchens and baths.
- Pridefully maintained and managed by long-term owner.
- Updates to porches, electric service, lintels, and tuckpointing.
- Opportunity to significantly increase rental rates through management and leasing operations. (Avg. 1 BD/1 BA Rent: $735)
Key Details
Transaction Date
2024
Number of Units
Sixteen (16)
Submarket
Chatham
Lot Size
0.14 Acres
Year Built
1930
