7018 S Dorchester Avenue Chicago, IL $ 499,000
7018 S Dorchester Avenue
$ 499,000
Recently Listed
Open House 12/21 1pm - 3pm
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7018 S Dorchester Avenue

Chicago, IL, 60637
$ 499,000
Bedrooms9 Baths3.0

Monthly Estimate*

$ 3,113

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Multi-Family Home for sale in Chicago, IL

for $499,000 with 9 bedrooms and 3 full baths. This home was built in 2008.

Exceptional investment opportunity located near the Obama Presidential Library and major neighborhood redevelopment. This solid 3-unit building features three spacious 3-bedroom, 1-bath units, each offering generous bedroom layouts ideal for strong rental demand. Two units have been newly renovated and are rent-ready, allowing an investor to begin generating income immediately. The third unit is currently occupied, providing instant cash flow. The property includes external parking located in the rear, offering added convenience for tenants. It is close to Jackson Park, Lake Shore Drive, shopping, dining, and other local amenities, supporting consistent tenant demand and long-term neighborhood growth. Convenient access to CTA bus lines, Metra service, and major roadways enhances tenant appeal and strengthens rental stability. See this beauty at our next Open-House!

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Open House

12/21/2025 1:00 PM - 3:00 PM
7018 S Dorchester Avenue Chicago, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 499,000

Bedrooms

9

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,490

Style

Year Built

2008

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12532415

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 2008
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status New
Directions Lake Shore Dr to 67th St; west to Dorchester Ave; south to 7018.
City Chicago
High School District 299
MLS Area CHI - South Shore
Elementary School Wadsworth Elementary School
Tax Annual Amount 7490
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None
Total Bedrooms 9
Total Baths 3
Bedrooms Possible 9
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Unassigned Yes Owned
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 3 114
Waterfront Y/N N
Other Equipment Intercom Ceiling Fan(s) Security Cameras
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* Excluded Features
List By
Nexthome Select Realty

Broker

cartersharice@gmail.com

Email

Affordability Calculator

$3,737
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,113
Monthly Property Taxes
$624
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4155382 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/17/2025$499,000 Listed Price

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7018 S Dorchester Avenue, Chicago, IL, 60637 is a Multi-Family Home for sale at $499,000. 7018 S Dorchester Avenue has 9 bedrooms, 3.0 baths, and was built in 2008. The property's zip code is 60637 which is in Chicago, IL