Georgian Style Multi-Family
4836 S Dorchester Avenue Chicago, IL 60615
For Sale
$925,000
MULTI_FAMILY - Georgian - Chicago, IL
Property Size3,900 SF
Lot Size0.23 Acres
Price / SF$237.18
Days on Market119
Property Features for 4836 S Dorchester Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
6
Bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 5, Bedroom 2, Basement, Bedroom 5
Parking
3
Patio and Porch features
Porch
Fencing
Fenced
Basement
Finished, Partial, Partially Finished
Standard status
Active
APN
20112050200000
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
12541
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Natural Gas, Radiant
Water source
Public
Building Details
Year built
1889
Building materials
Brick
Roof type
Rubber
Architectural style
Georgian
Listing Agency:
Prince Realty Group LLC
(773) 329-6648
Listed By:
Carlas Gilbert · License #471018028
(773) 329-6648
Added: Mar 31
Changed: Jul 13
Last Checked: Jul 27 at 10:06PM
MLS# 12605785
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 3-flat Georgian style multi-family building, located in the Hyde Park/Kenwood community, offers a blend of historical elegance and contemporary living. The first level has been updated with modern amenities, making it suitable for short-term rentals. The building features 1,300 square foot units on each floor, with vintage details including solid mahogany doors, molding, oak, and antiqued pine flooring. The first floor duplex unit has over 1700 square feet of living space with updates including stainless steel appliances, cortz countertops, refurbished original hardwood floors, new fixtures, freshly painted walls, and a semi-finished basement. The third floor features an updated kitchen with new cortz countertops, laminate flooring mixed with the original oak wood, and freshly painted walls. The property is zoned as RM5 with two city lots (25 ft x 200 ft), offering an opportunity for growth. A shared driveway connects 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 converted to a single family home. It is located steps from Chicago's lakefront and a shuttle service to the University of Chicago.
Key Highlights
- Brick Georgian multi‑family building built in 1889 with a rubber roof
- 3‑flat setup with about 1,300 SF on each floor (1st‑floor duplex listed at 1,700+ SF)
- 1st level updated with brand‑new windows, stainless steel appliances, new fixtures, and freshly painted interiors
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.3k | $25.20 |
| − Vacancy | −$5.4k | −$1.39 |
| EGI | $92.9k | $23.81 |
| − OpEx | −$27.9k | −$7.14 |
| NOI | $65.0k | $16.67 |
3,900 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$928.7K
$812.7K – $1.08M
NOI $65,012 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$854.1K
$747.3K – $996.4K
NOI $59,784 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,719 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Stunning 3-flat in Hyde Park/Kenwood, updated with modern amenities.
Where is this triplex located?
The property is located at 4836 S Dorchester Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Brick Georgian multi‑family building built in 1889 with a rubber roof; 3‑flat setup with about 1,300 SF on each floor (1st‑floor duplex listed at 1,700+ SF); 1st level updated with brand‑new windows, stainless steel appliances, new fixtures, and freshly painted interiors
