Mikhaele Howell
BEDS9
BATHS6 full
MLS#12627094
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 299
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.
Property Features
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
Local Schools
School District: District 299
Listed By / Shown By
Listed By
Agency Name: Jason Mitchell Real Estate IL
Agency Phone: 708-917-6640
Shown By
Agent Name: Mikhaele Howell
Agent Phone: (815) 871-6787
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 3,943.34 per month $2,952.50 Principal & Interest $801.25 Property Tax $189.58 Homeowner's InsuranceChange Payment Information
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6500 S Dorchester Avenue | MLS# 12627094
This multi-family property located at 6500 S Dorchester Avenue, Chicago, IL 60637 is currently listed for sale with an asking price of $650,000. S Dorchester Avenue is located within the District 299 school district. Search Chicago real estate on mhowell.gogambino.com today.