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$ 170,000

Est. payment -/mo

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Price Dropped by $10K

8109 S Exchange AVE Chicago, IL 60617

6 Beds

UPDATED:

09/25/2024 05:46 AM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12131471

Bedrooms 6

Year Built 1965

Annual Tax Amount $2,109

Tax Year 2023

Lot Dimensions .092

Property Description

This 2-unit building is located in the heart of South Chicago, offering a prime location close to shopping, dining, and public transportation. Each spacious unit boasts 3 bedrooms and 1 bathroom, providing ample living space for residents. Long-term tenants currently occupy both units on month-to-month leases, offering stability and immediate cash flow. The building generates a gross rental income of $2200/month, with tenants responsible for their own electric and gas utilities. A detached garage is included, providing additional income potential or storage space. While the garage requires some TLC, the solid brick construction of the building provides a foundation for any renovation plans. Don't miss this chance to own an income property in a thriving neighborhood!

Location

State IL

County Cook

Area Chi - South Chicago

Rooms

Basement None

Interior

Heating Steam

Fireplace N

Exterior

Garage Detached

Garage Spaces 2.0

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Waterfront false

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Timothy Good • Keller Williams Preferred Rlty

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