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$449,500 Just Listed
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!
Full Property Details
Full Property Details for 8643 S Exchange Ave
General
- Price: $449,500
- Taxes: $7,534 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12794185
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 8
Location
- Area: CHI - South Chicago
- County: Cook
- Township: South Chicago
- Driving Directions: South on 'Exchange to 8643 which is on the left side of the street.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1895
- Built Before 1978: Yes
- Remodeled/Updated: 2023
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 2990
Financial Considerations
- Insurance Fee: $2,938
- Assessment Year: 1895
- Tax Amount: $7,534.22
- Tax Year: 2024
- Pays Electric: 336
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 21314250110000
Listed by North Clybourn Group, Inc.
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Schools
Schools serving 8643 S Exchange Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mireles Elementary Academy 9000 South Exchange Avenue, Chicago, IL 60617 | K-8 | 0.5 mi |
Bowen High School 2710 East 89th Street, Chicago, IL 60617 | 9-11 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 8643 S Exchange Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,477
—
$37,501
436%
2023
$1,477
3%
$7,000
—
2022
$1,440
2%
$7,000
—
2021
$1,408
-45%
$7,000
-39%
2020
$2,564
-4%
$11,510
-13%
2019
$2,658
2%
$13,230
—
2018
$2,613
-26%
$13,230
-19%
2017
$3,510
7%
$16,307
—
2016
$3,266
-10%
$16,307
-17%
2015
$3,609
-1%
$19,696
—
2014
$3,663
2%
$19,745
—
2013
$3,591
1%
$19,745
—
2012
$3,543
—
$19,745
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8643 S Exchange Ave
8643 S Exchange Avenue, Chicago, IL 60617 (MLS# 12794185) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 8643 S Exchange Avenue is currently listed for $449,500 and was received on October 26, 2026. Want to learn more about 8643 S Exchange Avenue? Do you have questions about finding other Multi-Family real estate for sale in South Chicago? You can browse all South Chicago real estate or contact a Coldwell Banker agent to request more information.
