#12322955, Elias Quintero, Listing office: Bloom/Sanchez Realty, Inc.
Property details
About 8711 S Exchange Ave
Exceptional Investment Opportunity Legal 4-Unit with Additional in-law arrangement garden unit. This high-potential property presents a rare opportunity for savvy investors. The building spans approximately 3,050 square feet and features 10 bedrooms, 5 bathrooms, and a detached 2-car garage. Currently fully occupied, the property generates $4,250 in monthly rental income, with substantial potential for increased cash flow through rent adjustments and cosmetic improvements. A light rehab could significantly enhance the property's value and appeal.
Highlights
Summary
- Basement: Yes
- Total Bedroom Count: 8
- Garage Space: 2 spaces
- Parking: On Site, Detached, Garage
- Heating: Natural Gas
- List Price: $199,900
- Annual Tax Amount: $1,444
- Tax Year: 2022
- Directions: 87th St to Exchange, South to address
- Year Built: 1880
- MLS Number: 12378247
- MLS Name: MRED
- Office Name: Executive Realty Group LLC
- Office Phone: (630) 894-1030
- Listing Agent: Rachel Ruffin
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Price information
Property sales
Date | Event | Price |
---|---|---|
Nov 19, 2020 | Home Sold | $40,000 |
Mar 17, 2020 | Home Sold | $20,000 |
Sep 06, 2002 | Home Sold | $165,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2022 | $7,000 | $1,444 |
2021 | $7,000 | $1,411 |
2020 | $10,859 | $2,425 |
2019 | $12,482 | $2,514 |
2018 | $12,482 | $2,471 |
2017 | $18,757 | $4,046 |
History based on county public records data.
Nearby schools
5
Hoyne Elementary School
Public District KG-6
0.8 mi
•8905 S Crandon Ave
7
Earhart Options for Knowledge Elementary School
Public District KG-6
1.7 mi
•1710 E 93rd St
8
McDowell Elementary School
Public District KG-5
2.0 mi
•1419 E 89th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,068. Most Chicago, IL residents have annual incomes less than $<35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
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Frequently asked questions
About 8711 S Exchange Ave
The listing price of 8711 S Exchange Ave property is $199,900.
The property 8711 S Exchange Ave is a house located in Chicago, Illinois, 60617.
Active Listing: 8711 S Exchange Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8711 S Exchange Ave are: Hoyne Elementary School (GreatSchools Rating 5/10), Earhart Options for Knowledge Elementary School (GreatSchools Rating 7/10), McDowell Elementary School (GreatSchools Rating 8/10), Mireles Elementary School (GreatSchools Rating 5/10), J. Thorp Elementary School (GreatSchools Rating 2/10), Learn Charter - South Chicago Campus (GreatSchools Rating 5/10), Noble St Charter-Baker Campus (GreatSchools Rating 1/10), Bowen High School (GreatSchools Rating 1/10), Epic Academy High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2022 is $1,444 (source: MLS/based on county public records data).
The last sale was on November 19, 2020 for $40,000 (source: MLS/tax record).
The property at 8711 S Exchange Ave has 8 bedrooms and 5 bathrooms.
The year of construction for 8711 S Exchange Ave is 1880.
This home is located at 8711 S Exchange Ave in Chicago, IL and zip code 60617 in the Far Southeast Side neighborhood. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 29, 2025 and is currently priced at $199,900.
While more than 1044 listings in Chicago, IL in June 2025 were sold above asking price, there were more than 385 listings sold at asking price, and more than 952 were sold below. The inventory of homes for sale in Chicago, IL between May and June 2025 increased by 7.6%. In June 2025, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $379,143.