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$680,000
Property Description
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.
Full Property Details
Full Property Details for 6500 S Dorchester Ave
General
- Sold For: $680,000
- Taxes: $9,615 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12687847
- Added to Site: 64 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 9
Parking
- Total Spaces: 3
- Parking Features: Yes, Owned
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: Take 63rd street to Dorchester Ave. Head South until you reach property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Aluminum Siding, Brick
- Exterior Const.: Aluminum Siding, Brick
- Basement Desc.: Unfinished, Crawl Space, Partial
- Year Built: 1891
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.09
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 30 x 125
Financial Considerations
- Assessment Year: 1891
- Tax Amount: $9,615
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20232131060000
Listed by Jason Mitchell Real Estate IL
Sold by Keller Williams ONEChicago
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Schools
Schools serving 6500 S Dorchester Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Wadsworth PreK-8th STEM School 6650 South Ellis Avenue, Chicago, IL 60637 | PK-8 | 0.5 mi |
Hyde Park Academy High School 6220 South Stony Island Avenue, Chicago, IL 60637 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6500 S Dorchester Ave
Date
Details
Price
Change
Source
8/20/2026
Sold
$680,000
2.26%
MLS
6/24/2026
Listed
$665,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6500 S Dorchester Avenue, Chicago, IL 60637 (MLS# 12687847) is a Multi-Family property that was sold at $680,000 on August 20, 2026. Want to learn more about 6500 S Dorchester Avenue? Do you have questions about finding other Multi-Family real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.
