8548 S Exchange Ave
Chicago, IL 60617
8 Beds2 Baths2,452 Sq Ft16 Days on Market
For Sale $340,000
Save
Courtesy of Keller Williams ONEChicago
Listing Agent & Comments
Welcome to this very well maintained brick 2-unit brick! This building is located in the heart of South Chicago and offers a spacious 4 bedrooms per floor! 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! 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. There is a side driveway 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. 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). 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!
MLS# MRD12373801 • Data provided by MRED as distributed by MLS Grid
Living Area | 2,452 Sq.Ft. |
---|---|
Lot Size | 4,356 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 2 |
Stories | 2 |
Year Built | 1924 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $2,532 |
Property in Flood Zone | -- |
Basement | Yes |
Pool | No |
Data provided by MRED as distributed by MLS Grid.
More Information On This Home
This home's estimated value
$338,617
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
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HouseCanary, Inc. Brokerage
8548 S Exchange Ave., Chicago, IL 60617
Multifamily8 Beds2 Baths2,452 Sq Ft16 Days on Market
Listing Agent & Comments
Welcome to this very well maintained brick 2-unit brick! This building is located in the heart of South Chicago and offers a spacious 4 bedrooms per floor! 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! 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. There is a side driveway 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. 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). 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!
MLS# MRD12373801 • Data provided by MRED as distributed by MLS Grid
Living Area | 2,452 Sq.Ft. |
---|---|
Lot Size | 4,356 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 2 |
Stories | 2 |
Year Built | 1924 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $2,532 |
Property in Flood Zone | -- |
Basement | Yes |
Pool | No |
Data provided by MRED as distributed by MLS Grid.
New
Do you own this home?
Access your homeowner dashboard
For Sale $340,000
Save
Courtesy of Keller Williams ONEChicago
8548 S Exchange Ave
Chicago, IL 60617
8 Beds2 Baths2,452 Sq Ft16 Days on Market
Listing Agent & Comments
Welcome to this very well maintained brick 2-unit brick! This building is located in the heart of South Chicago and offers a spacious 4 bedrooms per floor! 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! 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. There is a side driveway 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. 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). 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!
MLS# MRD12373801 • Data provided by MRED as distributed by MLS Grid
Living Area | 2,452 Sq.Ft. |
---|---|
Lot Size | 4,356 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 2 |
Stories | 2 |
Year Built | 1924 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $2,532 |
Property in Flood Zone | -- |
Basement | Yes |
Pool | No |
Data provided by MRED as distributed by MLS Grid.
More Information On This Home
This home's estimated value
$338,617
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
New
Do you own this home?
Access your homeowner dashboard
For Sale $340,000
Save
Courtesy of Keller Williams ONEChicago