8001 S Maryland Ave

Located in the southeast corner of Chicago, Chatham is one of the city's 77 community areas and has a population of over 33,00 residents. The subject property sits between the Chatham and Greater Grand Crossing neighborhoods of Chicago, in a submarket named East Chatham. From the subject property are the Metra Electric commuter rail line 0.2 miles [5 min walk] and a CTA Red Line station at 79th Street 1.2 miles [20 min walk] making it an ideal location for commuters traveling to surrounding neighborhoods and downtown to the LOOP. Major highways also pass through the area including the Dan Ryan Expressway and the Chicago Skyway Toll Road. Grocery Stores, Pharmacies, and Schools surround the subject property and continue down the retail corridor of 79th street. The ease of transit, access to multiple route, and accessibility to shops and markets make this an ideal neighborhood to reside in.Essex Three-Twelve is pleased to present 8001 S. Maryland, a 12-unit brick walk-up building located in Chicago’s East Chatham neighborhood. The property features a well-balanced unit mix of six (6) one-bedroom / one-bath apartments and six (6) two-bedroom / one-bath apartments, catering to strong and consistent tenant demand in the submarket. The building has undergone significant recent capital improvements, positioning it as a turnkey investment opportunity with meaningful rental upside. Major upgrades include the installation of brand-new Mitsubishi heating and air conditioning minisplit systems in all units (completed in 2025), providing tenants with modern, energy-efficient climate control. Hot water is supplied by two (2) newly installed Rheem Performance 75-gallon natural gas water heaters (150 gallons total), each backed by a 6-year warranty. The roof was replaced approximately six years ago, further reducing near-term capital expenditure concerns. Additional building enhancements include individual electrical panels and a full perimeter security camera system, both newly installed in 2025, improving operational efficiency, safety, and long-term asset performance. This well-maintained East Chatham asset offers investors the opportunity to acquire a stabilized, low-maintenance property with organic rent growth potential. With modern mechanical systems already in place and strong neighborhood fundamentals, ownership can continue to push rents while benefiting from a clean, turnkey operation and long-term hold stability.