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8404 S Exchange Ave 2 Unit Apartment Building Offered at $425,000 at a 11.91% 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 | $425,000 | Lot Size | 0.07 AC |
| Price Per Unit | $212,500 | Building Size | 3,000 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 11.91% | No. Stories | 4 |
| No. Units | 2 | Year Built | 1910 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RS-3 | ||
| Price | $425,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 11.91% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 50% |
| No. Stories | 4 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | RS-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 2 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 21-31-411-026-0000 | Improvements Assessment | $27,700 |
| Land Assessment | $2,250 | Total Assessment | $29,950 |
Property Taxes
Parcel Number
21-31-411-026-0000
Land Assessment
$2,250
Improvements Assessment
$27,700
Total Assessment
$29,950
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8404 S Exchange Ave
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