8938 South Exchange, Chicago IL 60617
$430,000

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Property Description

Discover this exceptional investment opportunity for CONVENTIONAL & CASH BUYERS: a recently updated 3-flat building with strong rental income. Each of the three units boasts 3 bedrooms and 1 bathroom, featuring separate living and dining rooms with brand-new flooring. The kitchens were fully upgraded with granite countertops, new cabinets, and stylish backsplashes. Central air conditioning were installed in every unit, Washer/dryer hookups in two units, Fenced backyard and Two-car garage. Unit one is currently vacant, offering immediate potential for either rental income or owner occupancy. Don't miss this chance to invest in a property with modern amenities and excellent cash flow prospects.

Features & Information

Key Details

  • List Price $430,000
  • Property Taxes $1,237.76
  • Price/ Sq. Ft. Unavailable
  • Year Built 1920
  • Parking Type Garage
  • Buyer's Agent Commission 2%
  • Status Active

Rooms

  • Total Rooms 18
  • Basement N

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Vinyl Siding
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Dishwasher, Microwave
  • Unit 2 Stove, Dishwasher, Microwave
  • Unit 3 Stove, Refrigerator, Microwave, Laundry Hook-Up

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property West On 89th Street From Commercial Avenue And North On Exchange Avenue To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 1237.76
  • Tax Year 2022
  • Tax Exemptions None
  • Parcel Identification Number 26062150350000

Utilities

  • Sewer Sewer-Publ

Based on information submitted to the MLS GRID as of 7/22/2024 11:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore South Chicago

In a community that once buzzed with the heavy production of US Steel (one of the country's major steel manufacturers), South Chicago is a neighborhood rich in history centered about industry and organized labor. Today, these former industrial areas near Lake Michigan are some of the last few fleeting frontiers for development in the city. Acres of land along South Chicago's lakefront have not yet been built up — begging the interest of commercial and residential developers who continue to push south in search of prime real estate property. The neighborhood is bordered to the west by the Chicago Skyway, providing the region with good transportation. Both public schools and private academies dot the area, affording families their choice of scholastic options.

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