Chicago, IL 60637 6500 S Dorchester Avenue
$650,000



25 more

























Presented By: Jason Mitchell Real Estate IL
Home Details
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.
Presented By: Jason Mitchell Real Estate IL
Interior Features for 6500 S Dorchester Avenue
Bedrooms
Bedrooms Possible9
Total Bedrooms9
Bathrooms
Full Baths Building6
Half Baths Building
Total Baths6
Other Interior Features
BasementUnfinished, Crawl Space, Partial
Total Number of Units3
General for 6500 S Dorchester Avenue
CityChicago
Construction MaterialsAluminum Siding, Brick
ContingencyAttorney/Inspection
CountyCook
DirectionsTake 63rd street to Dorchester Ave. Head South until you reach property.
Elementary School District299
HeatingNatural Gas
High School District299
MLS AreaCHI - Woodlawn
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount9615
Tax Year2024
Total Rooms23
TownshipHyde Park
Year Built1891
Exterior for 6500 S Dorchester Avenue
Lot Dimensions30x125
Lot Size Acres0.09
Parking FeaturesYes, Owned
Total Parking3
Water SourceLake Michigan
Waterfront Y/NNo
Additional Details
Price History
