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    7948 S Dobson Ave Chicago, IL 60619

    For Sale
    $400,000

    Commercial Sale - Chicago, IL

    Days on Market:
    127
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 7948 S Dobson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20351040310000

    Building Details

    Year built
    1963
    Number of units
    8
    Architectural style
    Other

    33 Realty (773) 327-4975 [email protected]

    Listing agent Liam Moore (773) 327-4975 License #475178997

    Listing date Aug 11, 2025

    MLS# 12441266 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

    Chicago Multifamily Building For Sale

    The property at 7948 S Dobson Avenue, Chicago, IL 60619, is a California-style brick-constructed multifamily building. It features eight one-bedroom apartments, each with the same layout. The units have baseboard heating and separately metered utilities for gas and electric. The roof shingles were replaced two years ago. One of the eight units has been completely remodeled. There are two dedicated parking spaces in the rear of the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5994371
    Latitude
    41.7498879

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    FAQs

    What type of property is this?
    Apartment building - California-style brick building with eight apartments and recent updates.
    Where is this apartment building located?
    The property is located at 7948 S Dobson Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Eight spacious one-bedroom apartments with identical, efficient layouts.; - Recently replaced roof (two years ago) for long-term durability.; - Separately metered utilities (gas and electric) for each unit.
    (773) 327-4975
    Request Owner's contact information
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    Chicago, IL 60619
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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
    7948 S Dobson Ave Chicago, IL 60619
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