8548 S Exchange Avenue
Chicago, IL, 60617
$340,000
8 Beds
2 Baths
0 SqFt
0.1 Acres
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$340,000
8548 S Exchange Avenue
Chicago, IL, 60617
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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!

Property Details

Price:
$340,000
MLS #:
MRD12373801
Status:
Active
Beds:
8
Baths:
2
Type:
Multi Family
Neighborhood:
chisouthchicago
Listed Date:
May 23, 2025
Year Built:
1924
Chi – South ChicagoChisouthchicago

Schools

School District:
299

Interior

Heating
Radiator(s)

Exterior

Construction Materials
Brick
Parking Features
On Site, Garage Owned, Detached, Garage
Parking Spots
2

Financial

Net Operating Income
$32,900
Tax Year
2023
Taxes
$2,532
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Oct 06, 2025
1,488
Multi Family Listed
80
Avg DOM
$499,795
Avg List Price

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Property Summary

    8548 S Exchange Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60617. It is listed for $340,000 To schedule a showing of MLS#mrd12373801 at 8548 S Exchange Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
8548 S Exchange Avenue
Chicago, IL