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Courtyard Apartment Building
For Sale
$17,300,000

4601-17 N Dover, Chicago, IL 60640

Renovated studio, one-, two-, and three-bedroom units in a historic courtyard building with strong transit connectivity.

Days on Market62

Property Features for 4601-17 N Dover

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 65

Building Details

Year Built 1914
Tenancy Multi
Listing Agency: Kiser Group
Listed By: Katie LeGrand · License ##475.201874
Source: Kisergroup
Added: Jun 2 Changed: Jul 10 Last Checked: Aug 2 at 4:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group

Investment Insights

Based on property information with market context.

4601-17 N. Dover is a 65-unit courtyard apartment building built in 1914. The property is presented in an arts-and-crafts style and includes studio as well as one-, two-, and three-bedroom apartment homes. Units feature modernized finishes, including stainless steel appliances, granite countertops, and in-unit laundry.

The building is located in Chicago’s Sheridan Park neighborhood and is positioned just 0.4 miles from the Wilson CTA Red Line station. It is also about 0.6 miles from the Ravenswood Metra station, placing commuting options within a short distance. Additionally, the asset is described as steps from Uptown’s business and entertainment district.

This property is well suited for investors seeking a well-defined multifamily courtyard configuration with a mix of apartment sizes, supported by on-site unit upgrades. For operators, the combination of historically significant character and updated interior specifications can help attract a broad range of tenants looking for in-unit convenience and modern kitchen finishes in a transit-accessible area.

Key Highlights

  • 1914‑built 65‑unit courtyard apartment building in Chicago’s Sheridan Park neighborhood
  • Mix of studio, one-, two-, and three‑bedroom apartment layouts
  • Modernized unit finishes including stainless steel appliances and granite countertops

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Auto Parts Store Locksmith Home Appliance Store Catering Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

65
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,121
Businesses Nearby

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated studio, one-, two-, and three-bedroom units in a historic courtyard building with strong transit connectivity.
Where is this apartment building located?
The property is located at 4601-17 N Dover Chicago, IL.
What is the asking price?
The asking price for this property is $17,300,000.
What are key features of this property?
This property features: 1914‑built 65‑unit courtyard apartment building in Chicago’s Sheridan Park neighborhood; Mix of studio, one-, two-, and three‑bedroom apartment layouts; Modernized unit finishes including stainless steel appliances and granite countertops
More about this property
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