Under Contract

6504 S Maryland Avenue

Chicago, IL 60637
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Bed 8

Bed

Bath 6

Bath

Exceptional investment opportunity in the heart of Woodlawn! This fully occupied, income-producing 3-unit building offers a rare combination of strong cash flow, modern amenities, and significant future upside. Currently generating $5,931 per month in rental income with below-market rents (3rd floor tenant vacating in July), the property presents an excellent opportunity for increased revenue through future rent adjustments. Renovated in 2018, the building features an attractive unit mix of two spacious 2-bedroom, 2-bathroom units (2nd floor includes bonus room) and one oversized 3-bedroom, 2-bathroom unit. Each apartment is equipped with central air conditioning, in-unit washer and dryer, and separately metered utilities; tenants pay all utilities except water which minimizes operating ex penses for ownership. Additional features include a detached 2-car garage, security camera system, and a private backyard entertainment area ideal for gatherings and outdoor enjoyment. The full unfinished basement offers exceptional value-add potential and may be suitable for a duplex-down conversion or additional dwelling unit (ADU), subject to zoning and city approval. Ideally situated within walking distance of the transformative Obama Presidential Center development, the property is positioned to benefit from continued neighborhood investment, rising property values, and growing rental demand. Convenient access to public transportation, parks, shopping, restaurants, and the University of Chicago further enhances its appeal. Whether you're seeking a turnkey investment with immediate income or a value-add asset with future expansion potential, this property delivers both stability and opportunity in one of Chicago's most rapidly evolving neighborhoods. ***Property is Agent Owned

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Detail Ic Property Details

Property Type : Residential Income

Price : $750,250

AD Id : 84857572

MLS Id : MRD12676628

Beds : 8

Year Built : 1894

Garage : 2

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 8 Room Types: Utility Room-1st Floor

    Bathroom Information

    Total Baths: 6

    Room Information

    Rooms Total: 23
  • Flooring Information

    Construction Materials: Brick, Stone
  • Heating & Cooling

    Heating: Natural Gas WaterSource: Public

  • Building Information

    Year Built: 1894
  • Exterior Features

    Fire Pit Construction Materials: Brick, Stone

  • Lot Information

    Lot Dimensions: 3,225 square feet Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$750250

  • Tax Information

    Annual Tax: $7053.72 Tax Year: 2024 Parcel Number: 20231120140000

  • Parking Information

    Total Parking: 2 Yes, Detached, Garage

    Garage Information

    Garage Space: 2

  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    City: Chicago Direction: Heading East from the Dan Ryan on 63rd, Turn right on Cottage Grove and turn left on 65th st. Turn right on Maryland Ave
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ByOwner last updated this listing 08/08/2026 @ 06:20

MLS: MRED #12676628 LISTED BY: Brandon Williams, L. Upshaw Realty 847-651-3398 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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