30
See all 30 photos
$650,000
Est. payment /mo
9 Beds
6 Baths
3,920 Sqft Lot
Open Sat 11AM-2PM
6500 S Dorchester AVE Chicago, IL 60637
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Open House
Sat May 02, 11:00am - 2:00pm
Sun May 03, 11:00am - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12627094
Bedrooms 9
Year Built 1891
Annual Tax Amount $9,615
Tax Year 2024
Lot Size 3,920 Sqft
Lot Dimensions 30x125
Property Sub-Type Two to Four Units
Property Description
Rarely does an opportunity like this come along at this price point. Priced at $650,000, this 3-unit sits just steps from the future Obama Presidential Center and near the rapidly transforming 63rd Street corridor. The $800M Woodlawn Central development, an 8-acre mixed-use project, is expected to bring a hotel, theater, technology center, retail, restaurants, residential towers, and a vertical farm to the neighborhood. Each unit features a generously sized primary bedroom with en-suite bath, a private balcony, and a cozy fireplace in the living room. With two units vacant, you have immediate flexibility to set market rents or design your ideal living setup. This property offers a clear value-add opportunity for buyers looking to build equity in a rapidly appreciating market. Live in one unit while generating rental income from the others, or hold as a long-term investment in one of Chicago's most closely watched growth corridors. Each unit has its own PIN, offering a potential path to future condo conversion. Gated rear parking for three vehicles and tenant-paid utilities add to the appeal. Conveniently located near Mt. Carmel High School and the Metra line. Sold as-is.
Location
State IL
County Cook
Area Chi - Woodlawn
Rooms
Basement Unfinished, Crawl Space, Partial
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Aluminum Siding,Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Aluminum Siding,Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Darryl Toney of Jason Mitchell Real Estate IL
NEARBY SCHOOL & BUSINESS
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