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    8548 S Exchange Ave Chicago, IL 60617

    Sponsored
    For Sale
    $340,000

    MULTI_FAMILY - Chicago, IL

    Lot size:
    0.10 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 7 at 7:06 pm

    Property Features for 8548 S Exchange Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Basement, Bedroom 8, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 1, Bedroom 3
    Bedrooms
    8
    Bathrooms
    2
    APN
    21314180390000
    Parking
    2
    Parking features
    Garage
    Basement
    Full, Unfinished
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating)

    Building Details

    Year built
    1924
    Building materials
    Brick

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Rashauna Scott (773) 885-6263

    Listing date Jan 6, 2026

    MLS# 12537956 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Brick Two-Unit Building

    This well-maintained brick two-unit building is located in the heart of South Chicago. Each unit features 4 bedrooms. A new hot water tank and furnace have been installed for Unit 2, and Unit 1 has a new A/C unit. Tenants are responsible for their own utilities. The property includes a 2-car brick garage. Unit 1 has 4 bedrooms, 1 bathroom, a light-filled living room, and a functional kitchen with ample cabinet space. Unit 2 features 4 bedrooms, 1 bathroom, a large living area, and an updated kitchen. A full unfinished basement provides additional storage or future development potential. The property includes a private driveway that fits at least 4 cars and a good-sized backyard. The roof was installed within the last 5 years, and the property has updated plumbing and electrical systems, and a renovated 2nd floor. The property is suitable for investors seeking a rental property or homeowners looking for rental income. The first floor has a long-term tenant, and the second floor was recently rented for $1700. The property is located less than a mile from the new 128-acre 'Quantum Shore' development and is minutes from Lake Michigan, parks, and local shops. It offers easy access to public transportation and major highways. The location offers great potential as the neighborhood continues to grow. The lot size is 0.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.553037
    Latitude
    41.739573

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    FAQs

    What type of property is this?
    Duplex - Two-unit brick building in South Chicago with strong rental potential.
    Where is this duplex located?
    The property is located at 8548 S Exchange Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - High-performing 2-unit brick building with potential for rental income or owner-occupancy.; - Each unit features **4 bedrooms**, offering ample living space.; - Recent updates include a **newer roof, updated plumbing and electrical systems, renovated 2nd floor, new hot water tank and furnace for Unit 2, and new A/C for Unit 1**.
    (773) 885-6263
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    Chicago, IL 60617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8548 S Exchange Ave Chicago, IL 60617
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