8109 S Exchange Avenue
Chicago, IL 60617

Status: Active
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $170,000

About this home

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 $2200/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!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 51-60 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1965
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - South Chicago
Corporate Limits Chicago
Directions 90 to E 87th Street to Exchange to property
Elementary Sch Dist 299
Heat/Fuel Steam
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Slab
Basement Bathrooms No
Basement None
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 2
Full Baths in Building Count 2
Total Rooms 10
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1050
Appliances And Features Stove, Refrigerator, Microwave
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1150
Appliances And Features Stove, Refrigerator, Microwave
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 2
Property / Lot Details
Lot Dimensions .092
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 21312190220000
Special Assessments N
Taxes $2,110
Tax Year 2023
$170,000 Listing Price:
MLS # 12131471
Investment Profile Residential Income
Listing Market Time 52 days
Basement None
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 08/06/2024
Year Built 1965
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