8938 S Exchange AvenueChicago, IL 60617

Description

Great Investment Opportunity! Welcome to this recently updated 3-flat featuring 3 bedrooms and 1 bathroom in each unit. Each unit offers separate living and dining rooms with new flooring, updated kitchens with granite countertops, new cabinets, backsplash, and updated bathrooms. Two units also have washer/dryer hookups. Recent improvements include a brand-new porch, new copper water supply lines, updated electrical, fairly new hot water heaters, and a new concrete slab in the rear. The property also features a fenced backyard and detached 2-car garage. Units 1 and 3 are currently rented, while Unit 2 is vacant, offering an excellent opportunity for an owner-occupant or additional rental income. A great opportunity for a first-time investor or experienced owner looking for a well-maintained multi-unit property with strong rental potential.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1884

Lot dimensions

3475

Garage spaces

2

Parking spaces

2

Ownership

Fee Simple

Days on market

29

MLS^® Listing#

12778964

Property Features

Heating

Forced Air

Basement

Crawl Space

Parking

Detached · Garage

Construction

Vinyl Siding

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$7,849Tax year 2025

Parcel number

26062150350000

Directions

West on 89th Street from Commercial Avenue and North on Exchange Avenue to Property