New

$11,500

8040 S Exchange Ave, Chicago, IL 60617

--beds

--baths

3,025Square Feet

Unimproved Land

Built in ----

3,025 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

May contact directly with owner at 7737475025 (Broker owned). Best value in the area. Huge potential. RT-4, 3025 sqft. Walking distance to new huge development. Advocate Health just broke ground on nearby hospital with reports that it will be a $1 billion investment. Every block of proximity to development matters. A little further south, you have the construction of the Illinois Quantum Microelectronics Park with plans to house one of the largest quantum computers in the world. With PsiQuantum as the anchor tenant but in collaboration with myriads of other organizations and companies, such as IBM, DARPA (US Dept of War agency), UChicago, UI, Argonne, Infleqtion, among others. Think of the potential in the area, and you are practically getting the land almost for nothing. Don't miss out on this great opportunity! Sqft and frontage are approximates. Survey plat will not be provided. AS-IS. 100 tax proration. Cash only.

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Facts & features

Property

Features

Frontage length: 24

Lot

Size: 3,025 Square Feet

Details

Parcel number: 21312100310000
Special conditions: None

Utilities & green energy

Utilities for property: None

Community & HOA

Location

Region: Chicago

Financial & listing details

Tax assessed value: $22,690
Annual tax amount: $471
Date on market: 8/25/2026
Ownership: Fee Simple w/ HO Assn.
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

$1,636/mo

Price history

Date	Event	Price
8/25/2026	Listed for sale	$11,500-62.9%
Source: MRED as distributed by MLS GRID #12740852 Report a problem
10/21/2024	Listing removed	$31,000
Source: MRED as distributed by MLS GRID #12189390 Report a problem
10/15/2024	Listed for sale	$31,000-78.3%
Source: MRED as distributed by MLS GRID #12189390 Report a problem
6/21/2001	Sold	$143,000+550%
Source: Public Record Report a problem
1/21/1998	Sold	$22,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$456 -28.6%	$2,269 -25%
2023	$638 +2.6%	$3,025
2022	$622 +2.3%	$3,025
2021	$608 -9.7%	$3,025
2020	$674 +10.9%	$3,025
2019	$608 +1.7%	$3,025
2018	$598 +2%	$3,025 +11.1%
2017	$586 +7.5%	$2,722
2016	$545 +9.3%	$2,722
2015	$499 +27%	$2,722 +28.6%
2014	$393 +2%	$2,117
2013	$385 -74.5%	$2,117 -74.8%
2002	$1,511 +136.4%	$8,411
2001	$639 -66.8%	$8,411 +127.9%
2000	$1,923	$3,691

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: South Chicago

Getting around

66 / 100

Somewhat Walkable

64 / 100

Good Transit

61 / 100

Bikeable

Nearby schools

GreatSchools rating

4/10
Ninos Heroes Elementary Academic Center
Grades: PK-8Distance: 0.3 mi
1/10
Bowen High School
Grades: 9-12Distance: 1 mi

Schools provided by the listing agent

District: 299

Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.