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2026

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Samuel Stella

sam@stellarresultsrealty.com +1(224) 426-4652

$ 340,000

Est. payment -/mo

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8548 S Exchange AVE Chicago, IL 60617

8 Beds

2 Baths

4,356 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12537956

Bedrooms 8

Year Built 1924

Annual Tax Amount $2,531

Tax Year 2023

Lot Size 4,356 Sqft

Lot Dimensions 4687

Property Sub-Type Two to Four Units

Property Description

Buyer financing fell through! Welcome to this very well maintained brick 2-unit brick! This building is located in the heart of South Chicago and uniquely offers 4 bedrooms per floor! New hot water tank and furnace for Unit 2, new A/C for Unit 1. Tenants pay their own utilities and there is a 2 car brick garage. Unit 1 features 4 spacious bedrooms, 1 bathroom, a light-filled living room, and a functional kitchen with ample cabinet space. Unit 2 features 4 generous bedrooms, 1 bathroom, a large living area, and an updated kitchen perfect for entertaining. There is a full unfinished basement, ideal for additional storage or future development. One of the only properties on the block with a private driveway (that fits at least 4 cars) and good sized backyard, perfect for relaxing or entertaining. A few key updates are a newer roof (installed within the last 5 years), updated plumbing and electrical systems, renovated 2nd floor, well-maintained interiors in both units. Whether you're an investor seeking a high-performing rental property (.09 cap rate) or a homeowner looking for rental income, this property is a perfect fit! There is a long term tenant on the 1st floor and the 2nd floor is recently vacant but was rented for $1700! The current annual expenses are low! Only $3,100 with a previous income of 36,000 and projected income of $40,800! ($1700 per unit). Located less than a mile from the new ground-breaking 128 acre 'Quantum Shore' development. This property is minutes from Lake Michigan, parks, and local shops. Enjoy easy access to public transportation, major highways, and the developing South Shore and South Chicago area. The location offers great potential as the neighborhood continues to grow and attract smart homeowners and investors. Schedule your private showing today!

Location

State IL

County Cook

Area Chi - South Chicago

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Radiator(s)

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Rashauna Scott of Keller Williams ONEChicago

Samuel Stella

Designated Managing Broker / Owner | License ID: 471.021016

+1(224) 426-4652

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Samuel Stella

8548 S Exchange AVE Chicago, IL 60617

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8548 S Exchange AVE