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    4836 S Dorchester Ave Chicago, IL 60615

    For Sale
    $975,000

    Residential Income, Georgian - Chicago, IL

    Days on Market:
    29
    Last Refresh:
    Dec 10 at 8:06 am

    Property Features for 4836 S Dorchester Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    20112050200000
    Parking
    3
    Exterior features
    Fencing
    Fencing
    Fenced

    Utilities

    Heating system
    Natural Gas, Other (Heating), Radiant

    Building Details

    Year built
    1889
    Roof type
    Rubber
    Architectural style
    Georgian

    Prince Realty Group (773) 329-6648 [email protected]

    Listing agent Carlas Gilbert (773) 329-6648 License #471018028

    Listing date Nov 12, 2025

    MLS# 12300648 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hyde Park Multifamily Investment Opportunity

    This stunning 3-flat Georgian style multi-family building is located in the Hyde Park/Kenwood community. The property exudes cozy living space with historic charm and is flooded with natural light from new windows. Vintage details include solid mahogany doors, molding throughout, as well as oak and antiqued pine flooring. The first floor duplex unit has over 1700 square feet of living space with updates including stainless steel appliances, quartz countertops, refurbished original hardwood floors, and new fixtures. The first level has been updated for short-term rentals, generating annual income. Unit 3 features a new kitchen with new quartz countertops, laminate flooring and fresh paint. The property is zoned as RM5 with two city lots (25 ft x 200 ft), offering the new owner an opportunity for growth. There is a shared driveway connected to a gated luxury townhome community, a new construction project converted from the original building constructed by the architect, Solon Spencer Beman. The building can be easily converted to a single family home. It is located steps from Chicago's lakefront and a shuttle service to the University of Chicago.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.592394
    Latitude
    41.806708

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    FAQs

    What type of property is this?
    Apartment building - Updated 3-flat in Hyde Park/Kenwood, ideal for short-term rentals.
    Where is this apartment building located?
    The property is located at 4836 S Dorchester Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Updated 1st-floor unit ideal for short-term rentals, generating income.; - RM5 zoning on two city lots offers potential for future development.; - Historic Georgian architecture with vintage details (mahogany doors, moldings, original flooring) and new windows.
    (773) 329-6648
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4836 S Dorchester Ave Chicago, IL 60615
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