8719 S Exchange Avenue
Chicago, IL 60617

Status: Active
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $375,000
Gallery single image view Gallery grid view Street view Map view

About this home

Amazingly gut rehabbed 4-unit with great cash flow is available. The owner is an "all-electric" person so the building was gutted, all gas lines were removed, and fully renovated with only electrical in 2023 prior to leasing the units with CHA and other entities. The building offers: new roof, spray foam insulation, new plumbing, new electrical, new HVAC, new doors, new windows, and all new fixtures. The pictures are of 1 unit prior to occupancy in late 2023. Tenants only pay electrical, no gas bills here, and owner pays typical Chicago utility (water/sewer/garbage) bill and electrical for common areas. Coach house is in need of rehab but it doesn't count in the units with Chicago, this is a legal 4-unit property.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1879
Exterior Building Type Vinyl Siding
Parking None
Rehab Year 2023
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Chicago
Zoning Type MULTI
Corporate Limits Chicago
Directions 87th east or west to Commercial south to 88th st east to Exchange North to Property. !!
Elementary Sch Dist 299
Heat/Fuel Electric, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement English
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 16
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 11/24
Rooms Total 4
Tenant Pays Electric
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 11/24
Rooms Total 4
Tenant Pays Electric
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner, Range Hood
Full Baths Total 1
Lease Expiration Date 12/24
Rooms Total 4
Tenant Pays Electric
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner, Range Hood
Full Baths Total 1
Lease Expiration Date 12/24
Rooms Total 4
Tenant Pays Electric
Floor Number 2
Property / Lot Details
Deconversion N
Lot Dimensions 25X125
Lot Description Fenced Yard
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat, Coach House
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Gross Rental Income $64,800
Rental Income 5400
Scavenger Expense $304
Investment Profile Residential Income
Water Expense $2,132

Tax/Assessments/Liens

PIN 26062020080000
Special Assessments N
Taxes $2,682
Tax Exemptions None
Tax Year 2022
$375,000 Listing Price:
MLS # 12070675
Investment Profile Residential Income
Listing Market Time 120 days
Basement English
Type Unit 4 Flat, Coach House
Number of Units in Building 4
Parking None
List Date 05/31/2024
Year Built 1879
Request Info
By pressing Request Info, you agree that ILFLS and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Service.
Price history
Loading price history...