8711 S Exchange AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60617
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12378247
Bedrooms 8
Year Built 1880
Annual Tax Amount $1,488
Tax Year 2023
Lot Dimensions 150X25
Property Sub-Type Two to Four Units
Property Description
Exceptional Investment Opportunity Legal 4-Unit with Additional in-law arrangement garden unit. This high-potential property presents a rare opportunity for savvy investors. The building spans approximately 3,050 square feet and features 10 bedrooms, 5 bathrooms, and a detached 2-car garage. Currently fully occupied, the property generates $4,250 in monthly rental income, with substantial potential for increased cash flow through rent adjustments and cosmetic improvements. A light rehab could significantly enhance the property's value and appeal.
Location
State IL
County Cook
Area Chi - South Chicago
Rooms
Basement Finished,Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Frame, No
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition Short Sale