Chicago, IL 60617,8833 S Exchange AVE
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Chicago, IL 60617,8833 S Exchange AVE
Chicago, IL 60617,8833 S Exchange AVE
Chicago, IL 60617,8833 S Exchange AVE
Chicago, IL 60617,8833 S Exchange AVE

$240,000

Est. payment /mo

$275,000

12.7%
Est.Price: ?

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8833 S Exchange AVE Chicago, IL 60617

3,040 SqFt

SOLD DATE : 11/16/2023

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 Description

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.

Location

State IL

County Cook

Area Chi - South Chicago

Zoning MULTI

Interior

Cooling None

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Eric Marcus • Keller Williams ONEChicago
Bought with Joseph Konney • Top Care Realty LLC

Eric Marcus

Broker

+1(773) 732-9898

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