LKV Realty
Logo
$665,000
$3,400Reward *
6500 S Dorchester Avenue, Chicago, IL 60637Listing ID 12687847

6500 S Dorchester Avenue, Chicago, IL 60637

Contingent
CHI - Woodlawn
Time on site: 53 daysLast updated: Jul 10, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
9
Bathrooms
Bathrooms
6
Acres
Acres
0.09
Days on Site
Days on Site
48
Heating
Heating
Natural Gas
Year Built
Year Built
1891
Parking
Parking
Yes, Owned

Rarely does an opportunity like this come along at this price point. Priced at $665,000, 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 Information

Property Details

Location

Address
6500 S Dorchester Avenue
County
Cook
City
Chicago
Zip Code
60637
Subdivision
CHI - Woodlawn
School District
299
MLS Area
CHI - Woodlawn

Interior Features

Beds and Baths

Bedrooms
9

Building

Building Information

Year Built
1891
Construction
Aluminum Siding, Brick

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$9,615
Tax Year
2024
Jason Mitchell Real Estate IL, (708) 917-6640

Market Report for 60637

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 16 Aug 2026, 08:18 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD185438 • MRD894618