NOT LISTED FOR SALE

8640 S Exchange Ave Chicago, IL 60617

South Chicago Neighborhood
9 Beds
5 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold September 10, 2019

Last sale price $275,000

4 Days on Market

Highlights

  • Waterfront
  • Whirlpool Bathtub
  • 2 Car Detached Garage

About This Home

As of September 2019

INCREDIBLE investment opportunity in South Chicago's neighborhood to occupy owner's suite or rent out for additional rent. Property has already been updated with all the modern amenities including stainless steel appliances, granite counter tops, tile backsplash, hardwood floors, updated bathrooms, new shared washer & dryer, separate utilities, gas fireplaces, spacious layout, 2 car garage, tons of storage, music studio, and additional parking space. $3500+/month income potential with established tenants. Current owner lives on first floor. Property is a legal 2 flat with additional space in basement being rented as an apartment and a multipurpose room currently being used as a music studio. Tenant occupied.

Last Agent to Sell the Property

Heather Fowler

@properties Christie's International Real Estate License #475174043 Listed on: 06/18/2019

@properties Christie's International Real Estate

Last Buyer's Agent

Joseph Novak

Americorp, Ltd License #475185819

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,679

Year Built

  • Built in 1919 | Remodeled in 2016

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 25x125
  • Waterfront

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 5 Bathrooms
  • Whirlpool Bathtub

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,679

Year Built

Built in 1919 | Remodeled in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1919
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 9
  • Basement Description: Finished
  • Bathroom Amenities: Whirlpool
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Fireplace-Gas,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Window Air Conditioner,Fireplace-Gas,Hardwood Floors

Exterior Features

  • Waterfront: Yes
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 6
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 4678.87
  • Tax Year: 2017

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2019 09/10/19 Sold $275,000 +3.8% --
06/22/2019 06/22/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $265,000 +20.5% --
01/31/2017 01/31/17 Sold $220,000 0.0% -- View Prior Sale
10/28/2016 10/28/16 Off Market $220,000 -- --
10/03/2016 10/03/16 Pending -- -- --
09/11/2016 09/11/16 Pending -- -- --
09/11/2016 09/11/16 For Sale $275,000 +1275.0% --
11/11/2013 11/11/13 Sold $20,000 -33.1% -- View Prior Sale
10/30/2013 10/30/13 Pending -- -- --
09/03/2013 09/03/13 For Sale $29,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Heather Fowler

    Seller's Agent in 2019

    Heather Fowler

    @ Properties

    (773) 510-2525

    96 Total Sales

    Heather Fowler
    Section Image
  • Joseph Novak

    Buyer's Agent in 2019

    Joseph Novak

    Americorp, Ltd

    (708) 567-2410

    7 Total Sales

    Joseph Novak
    Section Image
  • Jasmine Baynes

    Seller's Agent in 2017

    Jasmine Baynes

    EXIT Strategy Realty

    (708) 912-0775

    6 in this area

    111 Total Sales

    Jasmine Baynes
    Section Image
  • Tiffany Webb

    Seller's Agent in 2013

    Tiffany Webb

    Pearson Realty Group

    (773) 510-5301

    1 in this area

    32 Total Sales

    Tiffany Webb
    Section Image

  • N

    Buyer's Agent in 2013

    Norma Rivas

    Chicagoland Brokers, Inc.

    (773) 745-1000

    27 Total Sales

    Norma Rivas
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10421549

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60617 South Chicago

8640 S Exchange Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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