NOT LISTED FOR SALE

5135 S Dorchester Ave Chicago, IL 60615

Hyde Park Neighborhood
7 Beds
4 Baths
2,136 Sq Ft
3,485 Sq Ft Lot

Last Sold April 28, 2023

Last sale price $1,200,000 $562 Per Sq Ft

19 Days on Market

Highlights

  • Brownstone
  • Balcony
  • Brick or Stone Mason
  • Kenwood Academy High School Rated A-
  • 1 Car Detached Garage
  • 4-minute walk to Spruce Park

About This Home

As of April 2023

Fully Renovated 4-unit building in the Heart of Hyde Park. This is a must-see; the owners thoughtfully and meticulously renovated each unit perfectly to combine the original, vintage characteristics with the gorgeous, new, and modern finishes throughout. The main structure consists of 3 units and 1 coach house above the garage. Owners rent the 3rd-floor unit on various sites (VRBO, peerspace and booking website). 2nd, 1st, and coach house units are all on 12-month leases (kick-out clause). Amazing cash flow with the potential to duplex down the 1st-floor unit. All units, with the exception of the coach house, are 2 bed 1 bath. The coach house is a studio unit. Rental Figures: Unit 1: $2500 (plus $150 for garage space) Unit 2: $2500 Unit 3: $6000 (average per month) Coach House: $1150 (the seller does not warrant the legality of the coach house unit).

Last Agent to Sell the Property

Ben Lalez

Compass License #475124644 Listed on: 03/21/2023

Compass

Last Buyer's Agent

anchelle williams

Enterprise Realty Power Broker License #475195272

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,071

Year Built

  • Built in 1895

Lot Details

  • Lot Dimensions are 125' x 137'
  • Paved or Partially Paved Lot
  • Irregular Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brownstone
  • Brick or Stone Mason
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Home Security

  • Door Monitored By TV
  • Storm Screens

Outdoor Features

  • Balcony
  • Brick Porch or Patio
  • Outdoor Storage

Schools

  • Kenwood Academy High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $540
  • Fuel Expense $5,400
  • Insurance Expense $1,500
  • Trash Expense $600
  • Water Sewer Expense $600
  • Gross Income $146,280
  • Net Operating Income $119,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,071

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Year Built: 1895
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Garage/Space,Walk-In Closet,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Range Hood,Hardwood Floors,Walk-In Closet
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave,Hardwood Floors,Walk-In Closet
  • Room: 2

Exterior Features

  • ExteriorFeatures: Balcony, Brick Paver Patio, Storms/Screens, Door Monitored By TV, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 1250000
  • Lot Features: Irregular Lot
  • OtherStructures: Storage
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Radiant
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 600
  • Trash Expense Year: 2021

Schools

  • High School: Kenwood Academy High School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125' X 137'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 119056
  • Fuel Expense: 5400
  • Insurance Expense: 1500
  • ElectricExpense: 540
  • GrossIncome: 146280
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 13071
  • Tax Year: 2021
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $1,200,000 -4.0% $562 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $1,250,000 +64.0% $585 / Sq Ft
02/23/2021 02/23/21 Sold $762,000 -4.6% $357 / Sq Ft
12/21/2020 12/21/20 Pending -- -- --
12/08/2020 12/08/20 For Sale $799,000 -- $374 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ben Lalez

    Seller's Agent in 2023

    Ben Lalez

    Compass

    (312) 789-4054

    8 in this area

    1,365 Total Sales

    Ben Lalez
    Section Image

  • a

    Buyer's Agent in 2023

    anchelle williams

    Enterprise Realty Power Broker

    (773) 550-9204

    1 in this area

    4 Total Sales

    anchelle williams
    Section Image
  • Eva Loseth

    Seller's Agent in 2021

    Eva Loseth

    @ Properties

    (312) 768-3952

    18 in this area

    40 Total Sales

    Eva Loseth
    Section Image
  • Melanie Giglio-Vakos

    Buyer's Agent in 2021

    Melanie Giglio-Vakos

    Compass

    (312) 953-4998

    4 in this area

    669 Total Sales

    Melanie Giglio-Vakos
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11741996

Midwest Real Estate Data (MRED)

APN: 20-11-403-014

Illinois Cook County Chicago 60615 Hyde Park

5135 S Dorchester Ave, Chicago, IL

This home is located at 5135 S Dorchester Ave, Chicago, IL 60615 since 21 March 2023. This property was built in 1895. 5135 S Dorchester Ave is a home located in Cook County with nearby schools including Ray Elementary School, Shoesmith Elementary School, and Kenwood Academy High School.

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