SoldFeb 4, 2026

Listed by Rashauna Scott and Brandon Riddle from Keller Williams ONEChicago

Bought with Cesar Juarez from Redfin Corporation

Source: Midwest Real Estate Data, LLC #12537956

8548 S Exchange Ave, Chicago, IL, 60617

$345,000

8
2
2
0.1 ac.

MultiFam

10 days on the market

Sold: Feb 4, 2026

What's around 8548 S Exchange Ave

About this property

Buyer financing fell through! Welcome to this very well maintained brick 2-unit brick! This building is located in the heart of South Chicago and uniquely offers 4 bedrooms per floor! New hot water tank and furnace for Unit 2, new A/C for Unit 1. Tenants pay their own utilities and there is a 2 car brick garage. Unit 1 features 4 spacious bedrooms, 1 bathroom, a light-filled living room, and a functional kitchen with ample cabinet space. Unit 2 features 4 generous bedrooms, 1 bathroom, a large living area, and an updated kitchen perfect for entertaining. There is a full unfinished basement, ideal for additional storage or future development. One of the only properties on the block with a private driveway (that fits at least 4 cars) and good sized backyard, perfect for relaxing or entertaining. A few key updates are a newer roof (installed within the last 5 years), updated plumbing and electrical systems, renovated 2nd floor, well-maintained interiors in both units. Whether you're an investor seeking a high-performing rental property (.09 cap rate) or a homeowner looking for rental income, this property is a perfect fit! There is a long term tenant on the 1st floor and the 2nd floor is recently vacant but was rented for $1700! The current annual expenses are low! Only $3,100 with a previous income of 36,000 and projected income of $40,800! ($1700 per unit). Located less than a mile from the new ground-breaking 128 acre 'Quantum Shore' development. This property is minutes from Lake Michigan, parks, and local shops. Enjoy easy access to public transportation, major highways, and the developing South Shore and South Chicago area. The location offers great potential as the neighborhood continues to grow and attract smart homeowners and investors. Schedule your private showing today!

Looking for more information on 8548 S Exchange Ave?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Similar properties sold nearby

SoldJul 10, 2026
$100,000
8747 South Escanaba Avenue
Chicago IL 60617
8
4
Multi-Family
Listing courtesy of RE/MAX and Oak Realty of Chicago, Inc.
SoldJul 2, 2026
$330,000
8756 S Exchange Ave
Chicago IL 60617
8
4
2
Multi-Family
Listing courtesy of Redfin Corporation and Baird & Warner Oak Park/River Forest
SoldMay 14, 2026
$279,900
7958 South South Shore Drive
Chicago IL 60617
8
5
3
Multi-Family
Listing courtesy of GenStone Realty and The Carmen Group Corp.

Other properties sold by Keller Williams ONEChicago

SoldJul 15, 2026
$540,000
1112 Hartrey Ave
Evanston IL 60202
8
3
3
Multi-Family
Listing courtesy of Concentric Realty, Inc and Keller Williams ONEChicago
SoldJul 15, 2026
$1,000,000
1212 Woodbine Ave
Oak Park IL 60302
5
3
3
Single-Family
Listing courtesy of Keller Williams ONEChicago and Jameson Sotheby's International Realty
SoldJul 15, 2026
$930,000
3n/2825 N Halsted St
Chicago IL 60657
3
2
1
Condo
Listing courtesy of Keller Williams ONEChicago

Browse properties sold in nearby areas

Based on information submitted to the MLS GRID as of 4 Feb 2026. 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.

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 MLS GRID IDX Rules Updated September 16, 2024 7 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: dmca@ratemyagent.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.

Email
© 2026 RateMyAgent