6500 Dorchester Avenue, Woodlawn, Chicago, Illinois 60637
$650,000
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For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1891 |
| Property Taxes: | $9,615 |
| Days On Market: | 3 |
| Lot Size: | 0,09 |
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 Specifics
| Multi-unit | |
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| 1891 | |
| — | |
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| No | |
| 0.09 |
| Cook | |
| — | |
| — / — | |
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| — | |
| 12627094 | |
| 20232131060000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 19 Apr, 2019 | Sold | $450,000 | MRED MLS |
| 24 Jan, 2019 | Under contract | $435,000 | MRED MLS |
| 17 Jan, 2019 | Listed for sale | $435,000 | MRED MLS |
| 30 Apr, 2026 | Listed for sale | $650,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
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Full Bathrooms: 6
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 30x125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2019 | $3,505 |
| 2026 | $9,615 |
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Listing Provided By
Jason Mitchell Real Estate IL
