8643 S Exchange Avenue, Chicago IL 60617
Property Description
Refreshed, updated, and back on the market! Welcome to 8643 S Exchange Avenue, a beautifully updated 4-unit building offering an excellent opportunity for both investors and owner-occupants. Previously remodeled in 2023, this property has received another round of improvements, including brand-new siding, electrical upgrades, four new furnaces, and all-new appliances in every unit! The building features four spacious 2-bedroom units with identical front and rear layouts, updated kitchens with quartz countertops and stainless steel appliances, modern bathrooms with storage vanities, hardwood floors, and stylish living room accent walls. Additional features include coin-operated laundry in the basement and separately paid tenant utilities. Currently, two units are occupied and two are vacant, offering the perfect opportunity to live in one unit while generating rental income or add a well-maintained, updated property to your investment portfolio. With major improvements already completed and immediate occupancy available, this is an opportunity you won't want to miss!
Features & Information
Key Details
- List Price $449,500
- Property Taxes $7,534
- Year Built 1895
- Status New
- List Market Time 1
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $0/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 0
-
Unit 2
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,250/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 06/27
-
Unit 3
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $0/mo
- Tenant Pays None
- Lease Expires 0
-
Unit 4
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,425/mo
- Tenant Pays None
- Lease Expires 05/27
Exterior Features
-
Parking
- # of Cars: 0
Building Information
- Number of Units 4
- Age of Building 100+ Years
Location
- County Cook
- Township South Chicago
- Corporate Limits Chicago
- Directions to Property South On 'exchange To 8643 Which Is On The Left Side Of The Street.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 7534.22
- Tax Year 2024
- Parcel Identification Number 21314250110000
Listed by Lisa Magidson for North Clybourn Group, Inc. | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/29/2026 10:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore South Chicago
In a community that once buzzed with the heavy production of US Steel (one of the country's major steel manufacturers), South Chicago is a neighborhood rich in history centered about industry and organized labor. Today, these former industrial areas near Lake Michigan are some of the last few fleeting frontiers for development in the city. Acres of land along South Chicago's lakefront have not yet been built up — begging the interest of commercial and residential developers who continue to push south in search of prime real estate property. The neighborhood is bordered to the west by the Chicago Skyway, providing the region with good transportation. Both public schools and private academies dot the area, affording families their choice of scholastic options.
Mortgage Calculator
- List Price${ formatCurrency(listPrice) }
- Taxes${ formatCurrency(propertyTaxes) }
- Assessments${ formatCurrency(assessments) }
- List Price
- Taxes
- Assessments
Estimated Monthly Payment
${ formatCurrency(monthlyTotal) } / month
- Principal & Interest${ formatCurrency(monthlyPrincipal) }
- Taxes${ formatCurrency(monthlyTaxes) }
- Assessments${ formatCurrency(monthlyAssessments) }
All calculations are estimates for informational purposes only. Actual amounts may vary.