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$ 255,000
Est. payment | /mo
5 Beds
2 Baths
$ 255,000
Est. payment | /mo
5 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12470266
Bedrooms 5
Year Built 1889
Annual Tax Amount $1,352
Tax Year 2023
Lot Dimensions 3125 sq ft
Property Sub-Type Two to Four Units
Property Description
Investment Opportunity - Classic 2-Flat in South Chicago with Finished Attic including 2 bonus rooms! Conveniently located near shopping, schools, parks, and public transit, this property appeals to both renters and long-term investors. With stable tenancy upstairs and a fresh leasing opportunity on the 1st floor, it's a perfect blend of security and growth. 1st Floor: Vacant and ready - rent potential $1,300-$1,400/month 2nd Floor: Occupied with a Section 8 voucher tenant paying $1,600/month - FULL SUBSIDY That's $2,900- $3,000/month in gross income when fully leased! Whether you're adding to your portfolio or looking for a house-hack opportunity, 8436 S Exchange Ave delivers solid cash flow in a strong rental market , with a steady Cap Rate! Don't miss this one - schedule your showing today!
Location
State IL
County Cook
Area Chi - South Chicago
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Vinyl Siding
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Cristina Rincon of Marblestone Property Group LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "