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8404 S Exchange Ave - South Chicago 2-Unit Listed at a 12 CAP 2 Unit Apartment Building Offered at $420,000 at a 12.05% Cap Rate Chicago, IL 60617
EXECUTIVE SUMMARY
Perfect for owner occupant house-hacker OR Investor. 2-Unit with a fully rehabbed front house, with 5-bedroom, 4-bath and a detached 2-story coach house, perfectly situated in the South Chicago neighborhood. The main home offers a spacious open-concept layout with abundant natural light and tastefully finished living areas. The modern kitchen features stainless-steel appliances, quartz countertops, custom cabinetry, and a large island ideal for gatherings. A detached 2-story coach house with 4 bedrooms 3 baths in the rear offers endless potential - perfect for rental income, guest quarters, or a private workspace. As a pure investment its listed at a 12 CAP. Will not last.
PROPERTY FACTS
| Price | $420,000 | Building Size | 3,000 SF |
| Price Per Unit | $210,000 | Average Occupancy | 50% |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 12.05% | Year Built | 1910 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $420,000 |
| Price Per Unit | $210,000 |
| Sale Type | Investment |
| Cap Rate | 12.05% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 3,000 SF |
| Average Occupancy | 50% |
| No. Stories | 4 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+3 | 2 | $2,400 | - |
1 1
Walk Score®
Very Walkable (70)
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8404 S Exchange Ave - South Chicago 2-Unit Listed at a 12 CAP
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