This 2-unit building is located in the heart of South Chicago, offering a prime location close to shopping, dining, and public transportation. Each spacious unit boasts 3 bedrooms and 1 bathroom, providing ample living space for residents. Long-term tenants currently occupy both units on month-to-month leases, offering stability and immediate cash flow. The building generates a gross rental income of $2000/month, with tenants responsible for their own electric and gas utilities. A detached garage is included, providing additional income potential or storage space. While the garage requires some TLC, the solid brick construction of the building provides a foundation for any renovation plans. Don't miss this chance to own an income property in a thriving neighborhood!
Closed
$160,000
8109 S Exchange Ave, Chicago, IL 60617
6beds
--sqft
Multi Family
Built in 1965
-- sqft lot
$166,800 Zestimate®
$--/sqft
$2,000 Estimated rent
Home value
$166,800
$150,000 - $185,000
$2,000/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 22, 2025 at 03:31pm
Listing courtesy of:
Timothy Good 708-770-9455,
Keller Williams Preferred Rlty
Bought with:
JC Gonzalez
Cloud Gate Realty LLC
Marcos Gonzalez
Cloud Gate Realty LLC
Source: MRED as distributed by MLS GRID,MLS#: 12131471
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Steam
Features
- Basement: None
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 4,007 sqft
Details
- Parcel number: 21312190220000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2025 | Sold | $160,000-5.9% |
Source:  MRED as distributed by MLS GRID #12131471 | ||
| 11/26/2024 | Contingent | $170,000 |
Source: MRED as distributed by MLS GRID #12131471 | ||
| 9/19/2024 | Price change | $170,000-5.6% |
Source: MRED as distributed by MLS GRID #12131471 | ||
| 8/6/2024 | Listed for sale | $180,000+16.1% |
Source: MRED as distributed by MLS GRID #12131471 | ||
| 8/31/2017 | Sold | $155,000+517.5% |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,110 +2.6% | $10,000 |
| 2022 | $2,057 +2.3% | $10,000 |
| 2021 | $2,011 -12.2% | $10,000 -2.8% |
Find assessor info on the county website
Neighborhood: South Chicago
Nearby schools
GreatSchools rating
- 5/10Ninos Heroes Elementary Academic CenterGrades: PK-8Distance: 0.3 mi
- 1/10Bowen High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$166,800
2% more+ $3,336
With Zillow Showcase(estimated)
$170,136