$199,900

8711 S Exchange Ave Chicago, IL 60617

South Chicago Neighborhood

Estimated payment $1,231/month

Total Views 2,087
8 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Exceptional Investment Opportunity Legal 4-Unit with Additional in-law arrangement garden unit. This high-potential property presents a rare opportunity for savvy investors. The building spans approximately 3,050 square feet and features 10 bedrooms, 5 bathrooms, and a detached 2-car garage. Currently fully occupied, the property generates $4,250 in monthly rental income, with substantial potential for increased cash flow through rent adjustments and cosmetic improvements. A light rehab could significantly enhance the property's value and appeal.

Listing Agent

Rachel Ruffin

Executive Realty Group LLC License #475162382 Listed on: 05/29/2025

Executive Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,488

Year Built

  • Built in 1880

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 150x25
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,488

Year Built

Built in 1880

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: 1880
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • MRD_WaterViewYN: No
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 6

Exterior Features

  • Construction Materials: Frame
  • List Price: 199900
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Detached, Garage
  • ParkingTotal: 2

Utilities

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 150X25
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 1488
  • Tax Year: 2023

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $199,900 -- --
Source: Midwest Real Estate Data (MRED)

Similar Homes in the area

  • 7556 S Parnell Ave, Chicago, IL 60620

    $205,000

    • 6 Beds
    • 2 Baths
    • 7556 S Parnell Ave
    • Chicago, IL

    Opportunity knocks at 7556 S Parnell Ave! This recently renovated 2-flat offers exceptional value. Move-in ready with recent updates in both units, it's perfect for investors seeking immediate returns or buyers looking for an affordable home with income potential. Two separate units including central air-conditioning provide flexibility - live in one, rent the other, or lease both. Individual

    Maikol Akintonde Coldwell Banker Realty

    Section Image
  • 7948 S Union Ave, Chicago, IL 60620

    $249,900

    • 6 Beds
    • 2 Baths
    • 7948 S Union Ave
    • Chicago, IL

    Discover a fantastic investment opportunity in the heart of the vibrant Auburn Gresham neighborhood, this property offers easy access to local amenities, schools, parks, and public transportation! Whether you're an investor looking for rental income or a homeowner interested in house hacking and living in one unit while renting out the other, this property provides a fantastic opportunity. The

    Reginald Patterson eXp Realty

    Section Image
  • 7621 S Lowe Ave, Chicago, IL 60620

    $235,000

    • 6 Beds
    • 2 Baths
    • 7621 S Lowe Ave
    • Chicago, IL

    Multi-Family Building featuring 2-3 Bedroom - 1 Bath units! What a great opportunity to house hack, while building equity. Property was fully updated in 2016, along with a new back porch. Unfinished basement offers opportunity for additional living space. This property is being sold in as-is condition and is perfect for either an owner-occupant or outside investor! Property is being Sold

    Reginald Patterson eXp Realty

    Section Image
  • 9976 S Winston Ave, Chicago, IL 60643

    $185,000

    • 6 Beds
    • 2 Baths
    • 9976 S Winston Ave
    • Chicago, IL

    Discover a fantastic investment opportunity in the vibrant and well-established Washington Heights community! This solid brick 2-flat is perfectly located within walking distance of public transportation, local shops, dining, and has convenient access to the interstate-making it ideal for both homeowners and renters alike. Each spacious unit features 3 bedrooms, 1 bath, and a formal dining room

    Tamika Marks Trademarks & Associates

    Section Image
  • 13513 S Baltimore Ave, Chicago, IL 60633

    $231,000

    • 10 Beds
    • 4 Baths
    • 13513 S Baltimore Ave
    • Chicago, IL

    Attention investors and first-time buyers looking for a wealth-building opportunity, this 4-unit building in the heart of Hegewisch, one of Chicago's most overlooked pockets for long-term rental income and growth. Located right across the street from the Metra station, this is a commuter-friendly location that renters love - and smart investors capitalize on. This property offers a smart path

    Kelli Coleman Coldwell Banker Realty

    Section Image
  • 8610 S Baltimore Ave, Chicago, IL 60617

    $225,000

    • 8 Beds
    • 4 Baths
    • 8610 S Baltimore Ave
    • Chicago, IL

    Investor Alert! Now is the perfect time to add a cash-flowing asset to your portfolio! This 4-unit building is just minutes from Calumet Park & Beach, offering great rental income and appreciation potential. Each unit has 2 1/2 beds/1 bath, and tenants pay their own gas/electric. 2 units leased, 2 need repairs/updates and are ready for market-rate rents. Current rents are below market-value-add

    Pablo Ayala DMG Realty Group

    Section Image
  • 8900 S Escanaba Ave, Chicago, IL 60617

    $199,900

    • 8 Beds
    • 4 Baths
    • 8900 S Escanaba Ave
    • Chicago, IL

    GREAT INVESTMENT PROPERTY ! This four unit , four car garage, near schools, parks, access to expressway, near central shopping area, near train and bus stations, All units have 2 bedrooms, living room, full bathroom, full basement, call for a showing today.

    Elias Quintero Bloom/Sanchez Realty, Inc.

    Section Image
  • 8401 S Brandon Ave, Chicago, IL 60617

    $229,000

    • 10 Beds
    • 5 Baths
    • 8401 S Brandon Ave
    • Chicago, IL

    ABSOLUTE MONEY MAKER! Great investment opportunity for First-Time Buyers & Savvy Investors! Property Will need a gut rehab. Here's your chance to own a 4-unit property that can provide you with a positive CASH FLOW! This property has potential to profit over 100k in equity after some TLC. Layout features 4 2 beds with 1 bath. 12 Ft Ceilings. Unfinished basement with endless possibility for a

    Janina Farr Coldwell Banker Realty

    Section Image
  • Unlisted Address

    $189,000

    • 6 Beds
    • 3 Baths

    Look no further for either your first investment property or another property to add to your portfolio. Both units are fully occupied with market renters. The front unit is bigger then the rear unit. The front unit has 3 large bedrooms, living room dinning room combo. Carpet through out the unit. Sit back and collect the rent. Fenced in yard, no garage but a lot of open yard in the backyard.

    Artavia Smith Exit Strategy Realty / EMA Management

    Section Image
See All Homes in Chicago

Source: Midwest Real Estate Data (MRED)

MLS Number: 12378247

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60617 South Chicago

8711 S Exchange Ave, Chicago, IL

This home is located at 8711 S Exchange Ave, Chicago, IL 60617 and is currently priced at $199,900. This property was built in 1880. 8711 S Exchange Ave is a home located in Cook County with nearby schools including Arnold Mireles Academy, LEARN South Chicago, and Noble - Baker College Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes
Rachel Ruffin
Listing Agent
Rachel Ruffin
Section Image
Executive Realty Group LLC
(872) 295-5587