7847 S Maryland Ave, Chicago, IL, 60619
About This Home
Perfectly positioned in a residential neighborhood, use as an apartment upstairs with a business below, or, transform the current commercial space in to residential. Flexible building perfect for investment or personal use. Current use is a condo rental upstairs, hair salon and office (with separate hallway entrance) on first floor. Renters are on a month-to-month, both are long time tenants. Salon pays their electric. Residential unit pays no utilities. Washer/dryer connection in building. Fenced backyard, perfect for entertaining or gardening, with decorative metal fencing at front of building on each side. Detached, oversized garage with extra storage/workshop, in need of cosmetic work. Electric service panel replaced 2025. Roof seal coat in 2018. Ample street parking. Deck 2 years old. Gas cooking in apartment. 1 heater for the building. 1 gas meter to building. Slab foundation, no basement. Salon has 3 plumbing outlets but only 1 is presently being used. Grant money available on this property call Rick S at BMO Mortgage for more details. This property IS located inside an Opportunity Zone, see attached picture.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Heating features: Natural Gas,Forced Air
Property
Details
- Parcel number: 20263180150000
- Special condition: None
- Other equipment: Ceiling Fan(s)
Lot
- Lot size: 3,250 sqft
- Lot size dimensions: 25X130
Parking
- Total spaces: 2
- Parking features: No Garage,Yes,Detached,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $955 | $11,460 |
| Home Insurance * | $203 | $2,436 |
| Property Taxes | $272 | $3,264 |
| Electricity | $130 | $1,569 |
| Total | $1,560 | $18,720 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-17 | Listed for sale | $195,000 |
| 2026-03-14 | Contingent | $195,000 |
| 2026-03-06 | Listed for sale | $195,000 |
| 1997-07-09 | Sold | $118,000 |
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