Georgian-Style
New
For Sale
$925,000
4836 S Dorchester Avenue, Chicago, IL 60615
Three residential units offer a multifamily layout with potential for single-family conversion.
Property Size4,200 SF
Price / SF$220.24
Days on Market4
Property Features for 4836 S Dorchester Avenue
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Two to Four Units
Zoning
MULTI
Site & Location
Neighborhood
Kenwood
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,541
Amenities
Finished,Partially Finished,Sleeping Area,Partial
5
6
3
2
Lake Michigan,Public
25X 200
No
CO Detectors,Ceiling Fan(s)
Yes
Brick/Mortar,Concrete Perimeter,Stone
Building Details
Year Built
1889
Buildings
1
Stories
3
Construction
Georgian
Listing Agency:
Prince Realty Group LLC
(708) 787-2808
Listed By:
Henry Rafidia
Source:
Kawashgroup
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:26PM
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 Prince Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 1889, this brick-and-stone Georgian-style property contains three residential units and 4,200 square feet. Interior details include solid mahogany doors, decorative molding, and oak and antiqued pine flooring. The property also has a shared driveway connected to a gated townhome community.
The building is in Chicago’s Hyde Park/Kenwood area, near Lake Michigan and shuttle service to the University of Chicago. The property is zoned RM5 according to the remarks, though the listing data gives a conflicting zoning designation; no zoning classification is stated here.
The building is in Chicago’s Hyde Park/Kenwood area, near Lake Michigan and shuttle service to the University of Chicago. The property is zoned RM5 according to the remarks, though the listing data gives a conflicting zoning designation; no zoning classification is stated here.
Key Highlights
- Three‑unit residential building
- 4,200 square feet
- Built in 1889
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,013
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,260
$1.4M
Cap Rate 7%
$1,000,186
$1.0M
Cap Rate 9%
$777,922
$777.9K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$105.8K $25.20/SF
− Vacancy
−$5.8K −$1.39/SF
EGI
$100.0K $23.81/SF
− OpEx
−$30.0K −$7.14/SF
NOI
$70.0K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,260
Cap Rate 7%
$1,000,186
Cap Rate 9%
$777,922
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.2K – $1.17M
NOI $70,013 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$919.7K
$804.8K – $1.07M
NOI $64,382 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,620 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,424
Businesses Nearby
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Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a multifamily layout with potential for single-family conversion.
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: Three‑unit residential building; 4,200 square feet; Built in 1889
