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.
Active
$190,000
8914 S Exchange Ave, Chicago, IL 60617
6beds
--sqft
Multi Family
Built in 1883
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 27 days |
- 622 |
- 47 |
Zillow last checked:
Listing updated:
Listed by:
Mark Santoyo 312-625-0010,
RE/MAX Loyalty
Source: MRED as distributed by MLS GRID,MLS#: 12714543
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: None
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Yes, Owned
Lot
- Size: 3,125 Square Feet
- Dimensions: 25 x 125
Details
- Parcel number: 26062150280000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1883
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $132,000
- Annual tax amount: $2,658
- Date on market: 7/24/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listed for sale | $190,000+3354.5% |
Source:  MRED as distributed by MLS GRID #12714543 Report a problem | ||
| 5/21/2009 | Sold | $5,500-97.2% |
Source: MRED as distributed by MLS GRID #07053086 Report a problem | ||
| 2/23/2007 | Sold | $199,000+206.2% |
Source: Public Record Report a problem | ||
| 12/8/2004 | Sold | $65,000-50% |
Source: Public Record Report a problem | ||
| 8/22/2000 | Sold | $130,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,659 +47.9% | $13,200 +55.3% |
| 2023 | $1,798 +2.5% | $8,500 |
| 2022 | $1,753 +2.3% | $8,500 |
| 2021 | $1,714 -19.8% | $8,500 -11.2% |
| 2020 | $2,137 -3.6% | $9,570 -13% |
| 2019 | $2,216 +1.7% | $11,001 |
| 2018 | $2,179 -35.1% | $11,001 -29.3% |
| 2017 | $3,355 +7.5% | $15,550 |
| 2016 | $3,122 +9.3% | $15,550 |
| 2015 | $2,857 +9.2% | $15,550 +10.6% |
| 2014 | $2,616 +2% | $14,064 |
| 2013 | $2,564 +1.4% | $14,064 |
| 2012 | $2,529 -12.6% | $14,064 -21.1% |
| 2011 | $2,893 -0.4% | $17,814 |
| 2010 | $2,905 +4.4% | $17,814 |
| 2009 | $2,783 +15.6% | $17,814 +6.4% |
| 2008 | $2,407 +1.1% | $16,748 |
| 2007 | $2,382 -1.1% | $16,748 |
| 2006 | $2,407 +35.8% | $16,748 +54.6% |
| 2005 | $1,773 +1% | $10,832 |
| 2004 | $1,755 +2.2% | $10,832 |
| 2003 | $1,718 +18.5% | $10,832 +34.5% |
| 2002 | $1,449 +3.7% | $8,054 |
| 2001 | $1,397 +28.8% | $8,054 |
| 2000 | $1,085 -0.7% | $8,054 +42.9% |
| 1999 | $1,092 | $5,638 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Chicago
Nearby schools
GreatSchools rating
- 3/10Mireles Elementary AcademyGrades: PK-8Distance: 0.1 mi
- 1/10Bowen High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: James Thorp Elementary School
- Middle: James Thorp Elementary School
- High: Bowen High School
- 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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