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$190,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 20 hours ago
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Located in the rapidly developing South Chicago area, this three-unit frame property presents a strong opportunity for both investors and owner-occupants. Each unit features 2 bedrooms and 1 bathroom with functional layouts and solid rental potential. The property offers a spacious rear yard with enough room to add a garage or create a multi-car parking pad for additional value and convenience.The building does require some cosmetic updates and improvements, making it an excellent value-add opportunity, but it is currently occupied and has the potential to begin generating rental income immediately. Whether you're looking to renovate over time, expand your investment portfolio, or create long-term equity, this property offers flexibility and upside in a growing location near transportation, shopping, schools, and major city access.

Full Property Details for 8914 S Exchange Ave

General

  • Price: $190,000
  • Taxes: $2,658 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12714543
  • Updated: 7/24/2026
  • Added to Site: 2 day(s) ago

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 6

Parking

  • Total Spaces: 4
  • Parking Features: Off-Street, Yes, Owned

Location

  • Area: CHI - South Chicago
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: Commercial to 90th W to Exchange N to Property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299
  • Elementary School: James Thorp Elementary School
  • Middle School: James Thorp Elementary School
  • High School: Bowen High School
  • Private School: Bowen High School

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Frame
  • Exterior Const.: Frame
  • Basement Desc.: None
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Year Built: 1883
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 125

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1883
  • Tax Amount: $2,658.99
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 26062150280000

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Schools serving 8914 S Exchange Ave

School District:Chicago Public School District 299
NameGradesDistance
Mireles Elementary Academy
9000 South Exchange Avenue, Chicago, IL 60617
K-80.1 mi
Bowen High School
2710 East 89th Street, Chicago, IL 60617
9-110.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8914 S Exchange Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/23/2026
Listed
$190,000
3354.55%
MLS
5/05/2009
Sold
$5,500
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8914 S Exchange Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,798
—
$13,200
55%
2023
$1,798
3%
$8,500
—
2022
$1,753
2%
$8,500
—
2021
$1,714
-20%
$8,500
-11%
2020
$2,137
-4%
$9,570
-13%
2019
$2,216
2%
$11,001
—
2018
$2,179
-35%
$11,001
-29%
2017
$3,355
7%
$15,550
—
2016
$3,122
9%
$15,550
—
2015
$2,857
9%
$15,550
11%
2014
$2,616
2%
$14,064
—
2013
$2,564
1%
$14,064
—
2012
$2,529
—
$14,064
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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8914 S Exchange Avenue, Chicago, IL 60617 (MLS# 12714543) is a Multi-Family property with 3 units containing 6 bedrooms and 0 full bathrooms. 8914 S Exchange Avenue is currently listed for $190,000 and was received on July 23, 2026. Want to learn more about 8914 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.

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