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3-Unit Triplex with In-Unit Laundry

7012 S Dorchester Avenue, Chicago, IL 60637

For Sale
$535,000

Two apartments are occupied, while the third is vacant and available for personal use or leasing.

Property SizeContact for details
Days on Market13

Property Features for 7012 S Dorchester Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Grand Crossing

Taxes and HOA fees

Annual Taxes $10,836

Building Details

Year Built 2004
Listing Agency: Chicago Style Management LLC
Listed By: Timothy Harstead
From the agent's profile:
Source: Dawnmckennagroup
Added: Oct 26 Changed: Nov 7 Last Checked: Nov 6 at 5:09PM

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 Chicago Style Management LLC

Rey
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Investment Insights

Based on property information with market context.

Built in 2004, this three-unit triplex has undergone recent rehabilitation. Each apartment offers three bedrooms, two bathrooms, a modern kitchen, in-unit washer and dryer, and central air conditioning and heat. Two units are occupied, and the third is vacant for an owner to occupy or rent.

The property is steps from Metra, Stony Island Avenue, and Lake Shore Drive, with the University of Chicago and Obama Presidential Library described as minutes away.

Key Highlights

  • Three apartments, each with 3 bedrooms and 2 bathrooms
  • Two units occupied; one unit vacant for owner occupancy or rental
  • Recent rehabilitation

Property Analytics

Who owns this building? See the owner, sales and loan history
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Location Intelligence

Trade Area within ½ mile

697
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Triplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Two apartments are occupied, while the third is vacant and available for personal use or leasing.
Where is this triplex located?
The property is located at 7012 S Dorchester Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 2 bathrooms; Two units occupied; one unit vacant for owner occupancy or rental; Recent rehabilitation
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