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
- Pending
Listed by: rashauna scott, brandon riddle
Office: keller williams onechicago
MLS#:12537956
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 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!
Contact an agent
Home facts
- Year built:1924
- Listing ID #:12537956
- Added:376 day(s) ago
- Updated:January 07, 2026 at 11:39 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)
New listings near 8548 S Exchange Avenue
$150,000Pending-- beds 1 baths550 sq. ft.655 W Irving Park Road #3105, Chicago, IL 60613
MLS# 12541856Listed by: COLDWELL BANKER REALTY- Open Sat, 11am to 12:30pmNew
$824,900Active3 beds 3 baths1,818 sq. ft.1312 W Fletcher Street #3, Chicago, IL 60657
MLS# 12530674Listed by: COMPASS - Open Sun, 1 to 2pmNew
$217,000Active4 beds 2 baths1,400 sq. ft.7438 S Champlain Avenue, Chicago, IL 60619
MLS# 12539999Listed by: 4 SALE REALTY ADVANTAGE - New
$769,500Active3 beds 3 baths2,300 sq. ft.6216 S Woodlawn Avenue #A, Chicago, IL 60637
MLS# 12541966Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$775,000Active3 beds 3 baths2,300 sq. ft.6218 S Woodlawn Avenue #A, Chicago, IL 60637
MLS# 12541968Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$735,000Active3 beds 3 baths2,250 sq. ft.6218 S Woodlawn Avenue #F, Chicago, IL 60637
MLS# 12541969Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$229,000Active3 beds 2 baths1,263 sq. ft.12752 S Wallace Street, Chicago, IL 60628
MLS# 12542080Listed by: REAL BROKER, LLC - New
$245,000Active3 beds 2 baths1,464 sq. ft.9132 S Saginaw Avenue, Chicago, IL 60617
MLS# 12542169Listed by: RE/MAX MI CASA - New
$624,900Active8 beds 4 baths2437 N Central Avenue, Chicago, IL 60639
MLS# 12542643Listed by: RE/MAX PREMIER - New
$154,000Active3 beds 1 baths667 sq. ft.1032 W 103rd Place, Chicago, IL 60643
MLS# 12542724Listed by: KALE REALTY