$499,000
OPEN SUN 1PM - 3PM

7018 S Dorchester Ave Chicago, IL 60637

Grand Crossing Neighborhood

Estimated payment $3,249/month

Total Views 32
9 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Intercom
  • Ceiling Fan
  • 2-minute walk to Chestnut Park

About This Home

Exceptional investment opportunity located near the Obama Presidential Library and major neighborhood redevelopment. This solid 3-unit building features three spacious 3-bedroom, 1-bath units, each offering generous bedroom layouts ideal for strong rental demand. Two units have been newly renovated and are rent-ready, allowing an investor to begin generating income immediately. The third unit is currently occupied, providing instant cash flow. The property includes external parking located in the rear, offering added convenience for tenants. It is close to Jackson Park, Lake Shore Drive, shopping, dining, and other local amenities, supporting consistent tenant demand and long-term neighborhood growth. Convenient access to CTA bus lines, Metra service, and major roadways enhances tenant appeal and strengthens rental stability. See this beauty at our next Open-House!

Listing Agent

Sharice Carter

NextHome Select Realty License #475176175 Listed on: 12/17/2025

NextHome Select Realty

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,490

Year Built

  • Built in 2008 | Remodeled in 2013

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 3 Bathrooms

Home Security

  • Intercom
  • Video Cameras

Parking

  • 2 Parking Spaces
  • Unassigned Parking

Schools

  • Wadsworth Elementary School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,490

Year Built

Built in 2008 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2008
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2013
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 9
  • Other Equipment: Intercom, Ceiling Fan(s), Security Cameras
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Yes, Owned
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Elementary School: Wadsworth Elementary School

Lot Info

  • Lot Dimensions: 3,114
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17

Tax Info

  • Tax Annual Amount: 7490
  • Tax Year: 2023

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/17/2025 12/17/25 For Sale $499,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12532415

Midwest Real Estate Data (MRED)

APN: 20-23-421-020-0000

Illinois Cook County Chicago 60637 Grand Crossing

7018 S Dorchester Ave, Chicago, IL

For Sale

MultiFamily

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Nearby Homes
Sharice Carter
Listing Agent
Sharice Carter
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NextHome Select Realty
(312) 626-9855