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 Details

PRICE
$650,000
BEDROOMS
9
BATHROOMS
6
SQFT
N/A
YEAR BUILT
1891
PARKING SPOTS
N/A
MLS #
12627094
FULL ADDRESS
6500 6500 Dorchester Avenue
CITY
Chicago, IL
ZIP
60637

Listing Details

Listing Office
Jason Mitchell Real Estate IL
Listing Agent
Darryl Toney
Contact
708-917-6640
Last Data Update
2026-05-09T17:35:40Z

Interior

BATHROOMS
6 Full Bathrooms

Schools

School District
299
Elementary School
High School

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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