6500 S Dorchester Avenue, Chicago, IL 60637 | MLS #12687847 | Berkshire Hathaway HomeServices Chicago
 
Listing provided courtesy of Jason Mitchell Real Estate ILMREDas Distributed by MLSGrid- MLS# 12687847MLS Provider

6500 S Dorchester AvenueChicago, IL 60637

Multi-Family · 9 Beds · 0.09 Acres
$665,000 Active

6500 S Dorchester Avenue Overview

Time on Site:
3 days
Visits:
0

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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6500 S Dorchester Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.09 Acres

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1891

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Woodlawn
  • Township: Hyde Park

Tax Information

  • Tax Annual Amount: $9,615.00
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 20232131060000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 6
  • Bedrooms Total: 9
  • Bedrooms Possible: 9
  • Full Baths Building: 6

General Information

  • Basement: Unfinished, Crawl Space, Partial
  • Heating: Natural Gas
  • Rooms Total: 23

Exterior

Parking Information

  • Parking Features: Yes, Owned
  • Parking Total: 3

Lot Information

  • Lot Size Dimensions: 30x125
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Aluminum Siding, Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 3
  • Baths Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 3
  • Baths Total: 2

6500 S Dorchester Avenue Neighborhood

Community

60637 (CHICAGO) Demographics

31
Median Age
8,890
Population Density (per sq. mile)
41%
College Educated
$30,149
Estimated Median Income
4,970
Estimated Total Home Owners
15,152
Estimated Total Renters
25% / 75%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

6500 S Dorchester Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6500 S Dorchester Avenue Market Data

Based on the last 30 days in this zip code

$404,601
Average List Price
$244
Average Price per Square Foot
22
Properties Sold
107
Average Days on Market
116
Properties for Sale
Calculations provided by Reliance Network

6500 S Dorchester Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/26/2026Source: MRED Added to Database
June 26, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022