8548 S Exchange Ave

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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!
  1. Listed by Rashauna Scott • Keller Williams ONEChicago
    P: (773)-885-6263 rashaunascott@kw.com
  2. Listed by Brandon Riddle • Keller Williams ONEChicago
    P: (312)-343-6793 C: (312)-343-6793 bpenterprise81@gmail.com;brandon.riddle@kw.com

Sold By Redfin Corporation

Property Details for 8548 South Exchange Avenue

Area
CHI - South Chicago
Township
South Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Radiator(s)
Zoning
MULTI
LISTING UPDATED: 02/04/2026 04:18 PM

Property Details for 8548 South Exchange Avenue

StatusClosed
MLS #12537956
Days on Market10
Taxes$2,532 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1924
Lot Size0.10 AC / 4,356 SF
CountyCook County
Add your commute

Building Information for 8548 South Exchange Avenue

Stories-Residences2Year Built1924Building Size-Lot Size0.10 AC / 4,356 SF

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OriginPoint Mortgage or Rocket Mortgage1

$1,892 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,681

Property Taxes

$211

HOA Dues

$0

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Property Information for 8548 South Exchange Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Yes, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms Total: 8
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 8
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 4687
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Brick
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus
  • North Coordinate: 0
  • South Coordinate: 8500
  • East Coordinate: 2400
  • West Coordinate: 0
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, FHA
  • Public Document Count: 1
  • Document Date: 2026-01-01T15:56:58
  • Photos Count: 32
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $220.00
  • Electric Expense Source: Actual
  • Trash Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $32,900.00
  • Trash Expense: $1,440.00
  • Water Sewer Expense: $1,440.00
Unit 1
  • Unit Type Actual Rent: $1,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $1,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Lease Expiration Date: VAC

Property History for 8548 South Exchange Avenue

DateEvent & SourcePriceAppreciation
Feb 4, 2026

Sold

MRED #12537956

$345,000
Jan 7, 2026

Pending

MRED #12537956

Jan 7, 2026

Contingent

MRED #12537956

Jan 6, 2026

Listed (Active)

MRED #12537956

$340,000
Jan 2, 2026

Contingent

MRED #12537956

Dec 29, 2025

Listed (Active)

MRED #12537956

$340,000
Dec 24, 2025

Cancelled

MRED #12373801

$340,000
Oct 13, 2025

Contingent

MRED #12373801

Jun 30, 2025

Listed (Active)

MRED #12373801

$340,000
Jun 27, 2025

Expired

MRED #12373801

$340,000
Jun 19, 2025

Contingent

MRED #12373801

May 23, 2025

Cancelled

MRED #12125765

$340,000
May 23, 2025

Listed (Active)

MRED #12373801

$340,000
Feb 17, 2025

Contingent

MRED #12125765

Jan 17, 2025

Listed (Active)

MRED #12125765

$340,000
Jan 7, 2025

Contingent

MRED #12125765

Dec 27, 2024

Listed (Active)

MRED #12125765

$340,000
Aug 13, 2021

Sold

MRED #11095086

$275,000
Aug 11, 2021

Sold (Public Record)

Public Record #1472722251

$275,000
Jun 21, 2021

Pending

MRED #11095086

May 20, 2021

Listed (Active)

MRED #11095086

$258,000
Oct 31, 2016

Sold

MRED #09344860

$45,500
Oct 4, 2016

Pending

MRED #09344860

Sep 13, 2016

Listed (Active)

MRED #09344860

$35,000
Jun 10, 2014

Expired

MRED #08366111

$161,000
Jun 11, 2013

Listed (Active)

MRED #08366111

$161,000
DateEvent & SourcePrice
02/04/2026

Sold

MRED #12537956

$345,000
01/07/2026

Pending

MRED #12537956

01/07/2026

Contingent

MRED #12537956

01/06/2026

Listed (Active)

MRED #12537956

$340,000
01/02/2026

Contingent

MRED #12537956

12/29/2025

Listed (Active)

MRED #12537956

$340,000
12/24/2025

Cancelled

MRED #12373801

$340,000
10/13/2025

Contingent

MRED #12373801

06/30/2025

Listed (Active)

MRED #12373801

$340,000
06/27/2025

Expired

MRED #12373801

$340,000
06/19/2025

Contingent

MRED #12373801

05/23/2025

Cancelled

MRED #12125765

$340,000
05/23/2025

Listed (Active)

MRED #12373801

$340,000
02/17/2025

Contingent

MRED #12125765

01/17/2025

Listed (Active)

MRED #12125765

$340,000
01/07/2025

Contingent

MRED #12125765

12/27/2024

Listed (Active)

MRED #12125765

$340,000
08/13/2021

Sold

MRED #11095086

$275,000
08/11/2021

Sold (Public Record)

Public Record #1472722251

$275,000
06/21/2021

Pending

MRED #11095086

05/20/2021

Listed (Active)

MRED #11095086

$258,000
10/31/2016

Sold

MRED #09344860

$45,500
10/04/2016

Pending

MRED #09344860

09/13/2016

Listed (Active)

MRED #09344860

$35,000
06/10/2014

Expired

MRED #08366111

$161,000
06/11/2013

Listed (Active)

MRED #08366111

$161,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8548 South Exchange Avenue

Taxable ValueLand$4,687Additions$7,313Total$12,000
Tax Record2023$2,532 ($211 / month)
Home Facts
Baths2Total Finished SqFt2,452 SqFtAbove Grade Finished SqFt2,452 SqFtStories2Lot Size4,687 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyCOOKAPN21-31-418-039

Schools near 8548 South Exchange Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 7 to 11
Public - K to 8
Rating
School
Distance
Mireles Elementary Academy
PublicPK to 8

York Alternative High School
Public9 to 12

Art in Motion Charter School
Charter7 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Keller Williams ONEChicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/04/2026 04:18 PM. 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.