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8833 S Exchange Avenue, Chicago, IL 60617
$240,000
8833 S Exchange Avenue, Chicago, IL 60617View this property at 8833 S Exchange Avenue, Chicago, IL 60617
8833 S Exchange AvenueChicagoIL60617
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Property Description
Fully rented 6-unit building in South Chicago. All units are 2 bed, 1 bath. Tenants pay for their own electric and gas with individual furnaces. All brick building with 3 units in front and 3 units in rear. Gated backyard could easily accommodate 6 cars though right now it acts a boat and supplies storage for one of the tenants. Rents are slightly below market and one of the units is substantially under market in kind for for maintenance duties on the property. At the current rents this property is at 6.2 GRM and over 12% ROI with substantial room to increase the rents! Low taxes with a very low Cook County valuation.
Full Property Details
Full Property Details for 8833 S Exchange Ave
General
- Sold For: $240,000
- Taxes: $1,311 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11771461
- Added to Site: 386 day(s) ago
Parking
- Total Spaces: 6
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - South Chicago
- County: Cook
- Driving Directions: 89th to Exchange (2950E) N to property
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 3,040
- Year Built: 1898
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,475
- Lot Dimensions: 25 x 138.5
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $10,920
- Assessment Year: 1898
- Tax Amount: $1,311
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 26062090130000
Listed by Keller Williams ONEChicago
Sold by Top Care Realty LLC
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Schools
Schools serving 8833 S Exchange Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
9000 S Exchange Ave, Chicago, IL 60617 | PK-8 | 0.2 mi | |
Bowen Environmental Studies High School
2710 E 89th St, Chicago, IL 60617 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8833 S Exchange Ave
Date
Details
Price
Change
Source
11/16/2023
Sold
$240,000
-12.73%
MLS
5/01/2023
Listed
$275,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8833 S Exchange Avenue, Chicago, IL 60617 (MLS# 11771461) is a Commercial property that was sold at $240,000 on November 16, 2023. Want to learn more about 8833 S Exchange Avenue? Do you have questions about finding other Commercial 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.