Discover your dream beach home in this 5-bedroom, 3.5-bathroom home in the exclusive Rehoboth-by-the-Sea neighborhood at the north end of Dewey Beach. Fully renovated in 2020, enjoy new construction upgrades and fixtures throughout. The home offers a private, heated, in-ground pool, a fully fenced backyard, and driveway parking for 4-5 cars. Located in the second block from the beach, the home is appx 150 yards from the dune entrance, and is an easy stroll to in-town Dewey and the Rehoboth boardwalk. With demonstrated rental income over $120,000 annually, this versatile property is ideal as a second home, a lucrative seasonal rental, or a year-round residence. Whether you're seeking a private getaway or an investment opportunity, the “Chicago Bungalow” presents a unique blend of charm, luxury, and practicality.
Sold for $1,865,000
$1,865,000
118 Chicago St, Dewey Beach, DE 19971
5beds
2,500sqft
Single Family Residence
Built in 1960
5,000 Square Feet Lot
$2,630,500 Zestimate®
$746/sqft
$2,769 Estimated rent
Home value
$2,630,500
$2.18M - $3.24M
$2,769/mo
Zestimate® history
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$8,397/mo
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$8,397/mo
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Dream beach homeChicago bungalow
Zillow last checked:
Listing updated:
Listed by:
Jack Redefer 302-227-1232,
Rehoboth Bay Realty, Co.
Bought with:
MICHAEL RODRIGUEZ, RS-0017904
Jack Lingo - Rehoboth
Source: Bright MLS,MLS#: DESU2056128
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Other
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
- Finished area above ground: 2,500
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Waterfront features: Ocean
Lot
- Size: 5,000 Square Feet
- Dimensions: 50.00 x 100.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33420.14122.00
- Lease amount: $5,099
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal,Cottage
- Property subtype: Single Family Residence
Materials
- Stick Built
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer, Public Septic
- Water: Public
Community & HOA
Community
- Subdivision: Rehoboth By The Sea
HOA
- Has HOA: No
Location
- Region: Dewey Beach
Financial & listing details
- Price per square foot: $746/sqft
- Tax assessed value: $694,300
- Annual tax amount: $493
- Date on market: 2/16/2024
- Listing agreement: Exclusive Right To Sell
- Inclusions: Seller List Provided With Offer
- Exclusions: Seller List Provided With Offer
- Ownership: Land Lease
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2024 | Sold | $1,865,000$746/sqft |
Source:  Bright MLS #DESU2056128 Report a problem | ||
| 2/19/2024 | Contingent | $1,865,000$746/sqft |
Source: Bright MLS #DESU2056128 Report a problem | ||
| 2/16/2024 | Listed for sale | $1,865,000+324.8%$746/sqft |
Source: Bright MLS #DESU2056128 Report a problem | ||
| 5/31/2019 | Listing removed | $439,000$176/sqft |
Source: Rehoboth Bay Realty, Co. #DESU139426 Report a problem | ||
| 5/4/2019 | Pending sale | $439,000$176/sqft |
Source: Rehoboth Bay Realty, Co. #DESU139426 Report a problem | ||
| 5/1/2019 | Listed for sale | $439,000$176/sqft |
Source: Rehoboth Bay Realty, Co. #DESU139426 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,785 +120% | $347,150 +3371.5% |
| 2024 | $811 +0.1% | $10,000 |
| 2023 | $811 +2.2% | $10,000 |
| 2022 | $794 +0.6% | $10,000 |
| 2021 | $789 +0.3% | $10,000 |
| 2020 | $787 | $10,000 |
| 2019 | $787 +2.7% | $10,000 |
| 2018 | $766 +74.5% | $10,000 |
| 2017 | $439 +1% | $10,000 |
| 2016 | $435 +4.3% | $10,000 |
| 2015 | $417 +0.7% | $10,000 |
| 2014 | $414 +2.6% | $10,000 |
| 2013 | $404 -16.6% | $10,000 |
| 2012 | $484 +8% | $10,000 |
| 2011 | $448 | $10,000 |
| 2010 | $448 -2.2% | $10,000 |
| 2009 | $458 | $10,000 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Neighborhood: 19971
Nearby homes
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Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 1 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 4 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 5.6 mi
Schools provided by the listing agent
- District: Cape Henlopen
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Delaware
- Sussex County
- Dewey Beach
- 19971
- 118 Chicago St
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