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.
Property Details
Price:
$190,000
MLS #:
MRD12714543
Status:
Active Under Contract
Beds:
6
Baths:
3
Type:
Multi Family
Neighborhood:
chisouthchicago
Listed Date:
Jul 23, 2026
Year Built:
1883
See this Listing
Schools
School District:
299
Elementary School:
James Thorp Elementary School
Middle School:
James Thorp Elementary School
High School:
Bowen High School
Interior
Heating
Natural Gas
Exterior
Construction Materials
Frame
Parking Features
Off Street, Yes, Owned
Parking Spots
4
Parking Total
4
Roof
Asphalt
Financial
Tax Year
2024
Taxes
$2,659
Map
Community
- Address8914 S Exchange Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60617
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 10, 2026
1,354
Multi Family Listed
75
Avg DOM
$525,603
Avg List Price
Property Summary
- 8914 S Exchange Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60617. It is listed for $190,000
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Copyright 2026. All rights reserved.
8914 S Exchange Avenue
Chicago, IL


