8548 S Exchange Avenue, Chicago, IL 60617
Local realty services provided by:Better Homes and Gardens Real Estate Connections
8548 S Exchange Avenue,Chicago, IL 60617
$340,000
- 8 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Aug 1611:00 am - 12:00 pm
Listed by:rashauna scott
Office:keller williams onechicago
MLS#:12373801
Source:MLSNI
Price summary
- Price:$340,000
About this home
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 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!
Contact an agent
Home facts
- Year built:1924
- Listing Id #:12373801
- Added:231 day(s) ago
- Updated:August 15, 2025 at 10:41 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:2
- Full bathrooms:2
Heating and cooling
- Heating:Radiator(s)
Structure and exterior
- Year built:1924
- Lot area:0.1 Acres
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$340,000
- Tax amount:$2,532 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 8548 S Exchange Avenue
- New
$230,000Active2 beds 2 baths6417 N Damen Street #2W, Chicago, IL 60645
MLS# 12416038Listed by: KELLER WILLIAMS INFINITY - New
$79,000Active6 beds 2 baths636 W 62nd Street, Chicago, IL 60621
MLS# 12437761Listed by: CHOICE REALTY GROUP INC. - Open Sat, 12am to 1pmNew
$575,000Active5 beds 2 baths1,800 sq. ft.3343 N Narragansett Avenue, Chicago, IL 60634
MLS# 12443427Listed by: RE/MAX CITY - New
$300,000Active2 beds 2 baths968 sq. ft.3540 W Carroll Avenue, Chicago, IL 60624
MLS# 12447513Listed by: SOLARIS ENTERPRISES INC - New
$169,900Active2 beds 1 baths950 sq. ft.6203 N Oakley Avenue #2, Chicago, IL 60659
MLS# 12447710Listed by: EXP REALTY - New
$689,999Active6 beds 3 baths1,800 sq. ft.5242 N Kimball Avenue, Chicago, IL 60625
MLS# 12447779Listed by: COLDWELL BANKER REALTY - New
$625,000Active2 beds 2 baths1,500 sq. ft.1332 W Hubbard Street #2E, Chicago, IL 60642
MLS# 12447826Listed by: KELLER WILLIAMS PREMIERE PROPERTIES - New
$539,900Active5 beds 4 baths2,646 sq. ft.6442 S Ingleside Avenue, Chicago, IL 60637
MLS# 12447829Listed by: AREA WIDE REALTY - New
$384,900Active2 beds 2 baths1,385 sq. ft.1111 S State Street #A602, Chicago, IL 60605
MLS# 12425638Listed by: COMPASS - Open Sat, 11am to 1pmNew
$320,000Active1 beds 2 baths1,000 sq. ft.1600 S Jefferson Street #203, Chicago, IL 60616
MLS# 12446010Listed by: OPTION PREMIER LLC
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each Office is Independently Owned and Operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.