Active
6500 Dorchester Avenue
Chicago, IL 60637
$650,000
9beds
6baths
—sqft
0.09acres
Anything from "is it priced right?" to "what's the catch?"
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About this home
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.
MLS Description — as provided by the listing brokerage.
Location
The facts
Property typeResidential Income
Year built1891
Age band100+ Years
Total parking3
Lot size0.09 acres
Lot dimensions30x125
AreaCHI - Woodlawn
Bedrooms (total)9
Annual tax$5,227
First listedApr 30, 2026
Parcel #20232131060000
CountyCook
MLS #MRD12627094
Days on market1
Photos30
Features
Heating
Natural Gas
Parking
YesOwned
Construction
Aluminum SidingBrick
Sewer
Public Sewer
Listed by
Jason Mitchell Real Estate IL
Darryl Toney · 773-531-2763
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/30/2026, 7:56:03 PM. All data should be independently verified.
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