$ 240,000 $ 275,000 12.7%

8833 S Exchange AVE

Chicago, IL 60617

  • 3,040 SqFt
  • 1898 Year Built
Fully rented 6-unit building in South Chicago. All units are 2 bed, 1 bath. Tenants pay for their own electric and gas with individual furnaces. All brick building with 3 units in front and 3 units in rear. Gated backyard could easily accommodate 6 cars though right now it acts a boat and supplies storage for one of the tenants. Rents are slightly below market and one of the units is substantially under market in kind for for maintenance duties on the property. At the current rents this property is at 6.2 GRM and over 12% ROI with substantial room to increase the rents! Low taxes with a very low Cook County valuation.
Listed by Eric Marcus of Keller Williams ONEChicago , Sold By Joseph Konney of Top Care Realty LLC

PROPERTY DETAIL

  • Key Details

    Sold Price $240,000

    Property Type Multi-Family

    Sub Type Multi Family 5+

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 3, 040 sqft

    Price per Sqft $78

    MLS Listing ID 11771461

    Year Built 1898

    Annual Tax Amount $1,311

    Tax Year 2021

    Property Sub-Type Multi Family 5+

  • Location

    State IL

    County Cook

    Area Chi - South Chicago

    Zoning MULTI

  • Building

    Structure Type Brick

  • Interior

    Cooling None

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