8938 South Exchange Avenue

Chicago, IL 60617

$410,000
Price
9
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover this exceptional investment opportunity for CONVENTIONAL & CASH BUYERS: a recently updated 3-flat building with strong rental income. Each of the three units boasts 3 bedrooms and 1 bathroom, featuring separate living and dining rooms with brand-new flooring. The kitchens were fully upgraded with granite countertops, new cabinets, and stylish backsplashes. Central air conditioning were installed in every unit, Washer/dryer hookups in two units, Fenced backyard and Two-car garage. Unit one...Discover this exceptional investment opportunity for CONVENTIONAL & CASH BUYERS: a recently updated 3-flat building with strong rental income. Each of the three units boasts 3 bedrooms and 1 bathroom, featuring separate living and dining rooms with brand-new flooring. The kitchens were fully upgraded with granite countertops, new cabinets, and stylish backsplashes. Central air conditioning were installed in every unit, Washer/dryer hookups in two units, Fenced backyard and Two-car garage. Unit one is currently vacant, offering immediate potential for either rental income or owner occupancy. Don't miss this chance to invest in a property with modern amenities and excellent cash flow prospects.
  1. Listed by Omorodion Eguasa • Dream Town Real Estate

Property Details for 8938 South Exchange Avenue

Area
CHI - South Chicago
Township
Hyde Park
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI
LISTING UPDATED: 10/09/2024 12:07 AM

Property Details for 8938 South Exchange Avenue

StatusActive
MLS #12179723
Days on Market125
Taxes$1,238 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1920
Lot Size0.08 AC / 3,475 SF
CountyCook County

Building Information for 8938 South Exchange Avenue

Stories-Residences3Year Built1920Building Size-Lot Size0.08 AC / 3,475 SF

Property Information for 8938 South Exchange Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 9
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2022
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 3475
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 8900
  • East Coordinate: 2939
  • West Coordinate: 0
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 17
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $1,236.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 09/30
Unit 3
  • Unit Type Actual Rent: $1,450.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 07/31

Property History for 8938 South Exchange Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8938 South Exchange Avenue

Taxable ValueLand$3,475Additions$2,525Total$6,000
Tax Record2022$1,238 ($103 / month)
Home Facts
Baths3Total Finished SqFt2,216 SqFtAbove Grade Finished SqFt2,216 SqFtStories3Lot Size3,475 SqFtStyleMulti-Family Res (5+ Units)Year Built1886CountyCOOKAPN26-06-215-035

Schools near 8938 South Exchange Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - 9 to 12
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Mireles Elementary Academy
PublicPK to 8

Baker College Prep
Charter9 to 12

Bowen High School
Public9 to 12

LEARN South Chicago
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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8938 South Exchange Avenue is a multi-family home for sale in Chicago, IL 60617. This property was listed for sale on October 3, 2024 by Dream Town Real Estate, it's currently listed at $410,000. It has been on the market for a total of 125 days and was last sold on April 29, 2022. This listing's school district is Chicago Public Schools. Nearby schools include Mireles Elementary Academy, Baker College Prep and Bowen High School. 8938 South Exchange Avenue is a 9-bed, 3-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dream Town Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/09/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.