8548 Exchange Ave, CHICAGO, IL

Name: 8548 Exchange Ave, For Sale in CHICAGO - Zoocasa
Brand: Keller Williams ONEChicago
SKU: 12537956
Price: 340000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$340,000

822

MLS® 12537956

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage Yes

Taxes $2,532

Days Active 0

Lot Size 0.1 acres

Approx. Age 1924

MLS® Number 12537956

Property Address: 8548 Exchange Ave, CHICAGO, IL, 60617-2541

Average square foot calculated using Size range provided by listing agent.

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!

MLS® Number12537956

Laundry Level

Central VacNo

FireplaceNo

Acreage0.1

Exterior

GarageYes

Approx. Age1924

BasementUnfinished, Full

DrivewayYes, Garage Owned, Detached, Garage

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Dec 29, 2025List Date

$340,000List Price

Commute

Commute

Starting Address

Destination Address

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