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6500 S Dorchester Avenue Chicago, IL 60637

$650,000
New / MLS# 12627094 / Multi Unit - Multiple / Chicago
9 Beds
6 Baths

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.

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Estimated Payment

$ 2,435.28 per month $1,444.44 Principal & Interest $801.25 Property Tax $189.58 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Crawl Space, Partial
Heating: Natural Gas
Lot Size: 0.09 Acres
Taxes: $9,615
Year Built: 1891

Feature Descriptions

Exterior: Aluminum Siding, Brick
Lot Dimensions: 30x125
Parcel#: 20232131060000
Parking: Yes, Owned
Sewer: Public Sewer
Total Rooms: 23
Township: Hyde Park
Water: Lake Michigan

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Jason Mitchell Real Estate IL

Listing Office Phone: 708-917-6640



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