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$ 190,000
Est. payment /mo
New
8914 S Exchange AVE Chicago, IL 60617
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12714543
Bedrooms 6
Year Built 1883
Annual Tax Amount $2,658
Tax Year 2024
Lot Dimensions 25 x 125
Property Sub-Type Two to Four Units
Property Description
Located in the rapidly developing South Chicago area, this three-unit frame property presents a strong opportunity for both investors and owner-occupants. Each unit features 2 bedrooms and 1 bathroom with functional layouts and solid rental potential. The property offers a spacious rear yard with enough room to add a garage or create a multi-car parking pad for additional value and convenience.The building does require some cosmetic updates and improvements, making it an excellent value-add opportunity, but it is currently occupied and has the potential to begin generating rental income immediately. Whether you're looking to renovate over time, expand your investment portfolio, or create long-term equity, this property offers flexibility and upside in a growing location near transportation, shopping, schools, and major city access.
Location
State IL
County Cook
Area Chi - South Chicago
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Frame, No
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
Elementary Schools James Thorp Elementary School
Middle Schools James Thorp Elementary School
High Schools Bowen High School
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Mark Santoyo of RE/MAX Loyalty
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