7018 S Dorchester Avenue, Chicago, IL 60637
Cook County
Key Facts
Description
Take advantage of this outstanding opportunity to own a well-maintained 3-unit investment property in the heart of Chicago's thriving South Side. Ideally located near the Obama Presidential Center and surrounded by significant neighborhood revitalization, this property offers excellent income potential with room for growth. The building features three spacious units, each offering 3 bedrooms and 1 full bathroom, for a total of 9 bedrooms and 3 bathrooms. Thoughtful modern updates, including contemporary finishes and stainless steel appliances, enhance the appeal of the living spaces. Units 1 and 2 are currently tenant-occupied, providing immediate rental income, while Unit 3 is vacant, offering the flexibility to lease at current market rents or occupy the unit yourself. Additional amenities include rear exterior parking for added tenant convenience. Residents will appreciate the close proximity to Jackson Park, Lake Michigan, shopping, dining, schools, and everyday conveniences. Easy access to CTA bus routes, Metra, and major roadways makes commuting throughout the city simple and convenient. Whether you're expanding your investment portfolio or searching for a multi-unit property with immediate income and future upside, this is an opportunity you don't want to miss.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
2005
Lot Dimensions
3,114
Parking Spaces
2
Ownership
Fee Simple
Zoning
MULTI
Days on Market
2
MLS® Listing#
12694364
Property Features
Cooling
Heating
Basement
Parking
Construction
Security
Community
Utilities
Sewer
Schools
- Elementary:
- Wadsworth Elementary School
- Middle:
- Wadsworth Elementary School
- High:
- Hyde Park Career Academy Senior
- District:
- Hyde Park Career Academy Senior
Financial Details
Annual Taxes
$10,381
Tax year 2024
Parcel Number
20234210200000
Directions
Lake Shore Dr to 67th St; west to Dorchester Ave; south to 7018.
Affordability Calculator
$105,000
Estimated monthly payment
$2,794/mo
Principal $420,000 · Est. interest $585,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $389,049
- Median Listing Price
- 46
- Median Days on Market
- 1,422
- Median Sq Ft
- $277
- Median Price / Sq Ft
- 4,620
- Active Listings
- This home’s price is 35% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
- 7018 S Dorchester Avenue, Chicago, IL 60637
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Chicago Public Schools
School · 0.4 mi away
Woodlawn Community School
Elementary · 0.5 mi away
Tesla Alternative High School
Secondary · 0.5 mi away
Chicago Public Schools
Elementary · 0.5 mi away
Chicago Public Schools
Elementary · 0.5 mi away
Muhammad Univ
School · 0.5 mi away
Gary Comer College Prep
School · 0.7 mi away
James Wadsworth Elementary School
Elementary · 0.7 mi away
Mt Carmel High School
Secondary · 0.7 mi away
Chicago Public Schools
School · 0.8 mi away
St Paul Lutheran School
School · 0.8 mi away
Univ of Chicago Charter School Woodlawn Campus
Secondary · 0.9 mi away
Bouchet Elementary Math & Science Academy
Elementary · 0.9 mi away
Tanner Elementary School
Elementary · 0.9 mi away
Okeeffe Elementary School
Elementary · 0.9 mi away
Public Schools Bryn Mawr
School · 1.0 mi away
South Shore High School
Secondary · 1.0 mi away
Park Manor Elementary School
Elementary · 1.0 mi away
McCosh Elementary School
Elementary · 1.1 mi away
The Hyde Park Day School
Secondary · 1.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8143 S Colfax Avenue, Chicago, IL | $369,000 | 8 | 4 | — |
| 4126 W Adams Street, Chicago, IL | $370,000 | 8 | 2 | — |
| 8052 S Langley Avenue, Chicago, IL | $371,900 | 8 | 3 | — |
| 6018 S Eberhart Avenue, Chicago, IL | $374,900 | 8 | 3 | — |
| 1116 S California Avenue, Chicago, IL | $375,000 | 9 | 6 | — |
| 3309 W 38th Place, Chicago, IL | $375,000 | 8 | 3 | — |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Redfin Corporation - (312) 836-4263
Last Updated: 2026-07-15