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  • $525,000

    7018 S Dorchester Ave, Chicago, IL 60637

    9beds
    --sqft
    : 
    $3,988/mo
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    Multi Family
    Built in 2005
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Contemporary finishesThoughtful modern updatesThree spacious unitsRear exterior parkingStainless steel appliances
    Take advantage of this outstanding opportunity to own a well-maintained 3-unit investment property in the heart of Chicago's thriving South Side. Ideally located near the Obama Presidential Center and surrounded by significant neighborhood revitalization, this property offers excellent income potential with room for growth. The building features three spacious units, each offering 3 bedrooms and 1 full bathroom, for a total of 9 bedrooms and 3 bathrooms. Thoughtful modern updates, including contemporary finishes and stainless steel appliances, enhance the appeal of the living spaces. Units 1 and 2 are currently tenant-occupied, providing immediate rental income, while Unit 3 is vacant, offering the flexibility to lease at current market rents or occupy the unit yourself. Additional amenities include rear exterior parking for added tenant convenience. Residents will appreciate the close proximity to Jackson Park, Lake Michigan, shopping, dining, schools, and everyday conveniences. Easy access to CTA bus routes, Metra, and major roadways makes commuting throughout the city simple and convenient. Whether you're expanding your investment portfolio or searching for a multi-unit property with immediate income and future upside, this is an opportunity you don't want to miss.
    11 days
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    147
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    21
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jean Walker (312)836-4263,

    Redfin Corporation

    Source: MRED as distributed by MLS GRID,MLS#: 12694364MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Natural Gas
      Appliances
      • Included: Multiple Water Heaters
      Features
      • Basement: None
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Unassigned, Yes, Owned
      Lot
      • Size: 3,114 Square Feet
      Details
      • Parcel number: 20234210200000
      • Zoning: MULTI
      • Special conditions: None
      • Other equipment: TV-Cable, Intercom, Ceiling Fan(s)

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 2005

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Lake Michigan

      Community & HOA

      Community
      • Features: Curbs, Sidewalks, Street Lights, Street Paved
      • Security: Security System, Carbon Monoxide Detector(s)
      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $399,080
      • Annual tax amount: $10,380
      • Date on market: 7/15/2026
      • Ownership: Fee Simple

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/21/2026Listed for sale$525,000
        Source: MRED as distributed by MLS GRID #12694364 Report a problem
        7/20/2026Contingent$525,000
        Source: MRED as distributed by MLS GRID #12694364 Report a problem
        7/15/2026Listed for sale$525,000+5.2%
        Source: MRED as distributed by MLS GRID #12694364 Report a problem
        1/9/2026Listing removed$499,000
        Source: MRED as distributed by MLS GRID #12532415 Report a problem
        12/17/2025Listed for sale$499,000+2597.3%
        Source: MRED as distributed by MLS GRID #12532415 Report a problem
        12/17/2015Listing removed$1,372
        Source: Go Section8 Report a problem
        8/13/2015Listed for rent$1,372
        Source: Go Section8 Report a problem
        12/2/2011Sold$18,500-92.3%
        Source: Public Record Report a problem
        8/8/2008Sold$240,000+860%
        Source: Public Record Report a problem
        3/18/2005Sold$25,000+38.9%
        Source: Public Record Report a problem
        1/2/2004Sold$18,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$10,381 +38.6%$39,908 +44.6%
        2023$7,490 +4.6%$27,607
        2022$7,161 +2.4%$27,607
        2021$6,992 +86.5%$27,607 +102.7%
        2020$3,748 -2.1%$13,617 -11%
        2019$3,828 -36.3%$15,300 -37.8%
        2018$6,013 -11.8%$24,597 -4.8%
        2017$6,815 +7.8%$25,830
        2016$6,320 +10%$25,830
        2015$5,748 +9.3%$25,830 +9.9%
        2014$5,259 +1.1%$23,500
        2013$5,200 +0.4%$23,500
        2012$5,178 -5.3%$23,500 -24.3%
        2008$5,466 +3.6%$31,050
        2007$5,273 -0.3%$31,050
        2006$5,290 +732.9%$31,050 +698.8%
        2005$635 $3,887
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Grand Crossing

        Getting around

        75 / 100
        Very Walkable
        65 / 100
        Good Transit
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wadsworth Elementary School
        • Middle: Wadsworth Elementary School
        • High: Hyde Park Career Academy Senior
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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