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$425,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • 2 Car Garage
  • Updated 1 day ago

Next open house:

Open House: 10:00 AM - 12:00 PM

Saturday 10/17 10:00 AM - 12:00 PM

8938 S Exchange Avenue,Chicago, IL 60617

8938 S Exchange AvenueChicagoIL60617

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Join us at 8938 S Exchange Avenue on:

  • Open House: 9:00 AM - 11:00 AM

    Sunday 10/18 9:00 AM - 11:00 AM

    8938 S Exchange Avenue,Chicago, IL 60617
    8938 S Exchange AvenueChicagoIL60617
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Great Investment Opportunity! Welcome to this recently updated 3-flat featuring 3 bedrooms and 1 bathroom in each unit. Each unit offers separate living and dining rooms with new flooring, updated kitchens with granite countertops, new cabinets and backsplash, updated bathrooms, and central air. Two units also have washer/dryer hookups. Recent improvements include a brand-new porch, new copper water supply lines, updated electrical, fairly new hot water heaters, and a new concrete slab in the rear. The property also features a fenced backyard and detached 2-car garage. Units 1 and 3 are currently rented, while Unit 2 is vacant, offering an excellent opportunity for an owner-occupant or additional rental income. A great opportunity for a first-time investor or experienced owner looking for a well-maintained multi-unit property with strong rental potential.

Full Property Details for 8938 S Exchange Ave

General

  • Price: $425,000
  • Taxes: $7,849 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12778964
  • Updated: 10/15/2026
  • Added to Site: 3 day(s) ago

Interior

  • Basement: Crawl Spac

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 9

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: CHI - South Chicago
  • County: Cook
  • Township: South Chicago
  • Driving Directions: West on 89th Street from Commercial Avenue and North on Exchange Avenue to Property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Crawl Space
  • Year Built: 1884
  • Built Before 1978: Yes
  • Remodeled/Updated: 2022

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3475

Financial Considerations

  • Assessment Year: 1884
  • Tax Amount: $7,849.26
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 26062150350000
Buyer's Brokerage Compensation: Contact Listing Agent
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— 8938 S Exchange Ave —

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 8938 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 8938 S Exchange Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2026
Listed
$425,000
6.25%
MLS
4/27/2022
Sold
$400,000
—
Public Record
Get Price Alerts and Save Property
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 8938 S Exchange Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,269
—
$37,700
528%
2023
$1,269
3%
$6,000
—
2022
$1,238
2%
$6,000
—
2021
$1,210
-43%
$6,000
-37%
2020
$2,119
-4%
$9,487
-13%
2019
$2,197
2%
$10,905
—
2018
$2,159
47%
$10,905
-20%
2017
$1,472
-38%
$13,615
-15%
2016
$2,367
11%
$16,073
—
2015
$2,127
-3%
$16,073
12%
2014
$2,192
3%
$14,356
—
2013
$2,138
18%
$14,356
—
2012
$1,813
—
$14,356
—
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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8938 S Exchange Avenue, Chicago, IL 60617 (MLS# 12778964) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 8938 S Exchange Avenue is currently listed for $425,000 and was received on October 14, 2026. This property is listed by Marco Ponce from our Lincoln Park Office.Want to learn more about 8938 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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