Building Details

Year Built 2005

Tenancy Multi

Listing Agency: Redfin Corporation 312-836-4263 Overview Additional information MLS R ID 12694364 Interior features Bedrooms 9 Total Bathrooms 3 Heating Yes Exterior features Other property details Taxes $10,381 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Jean Walker with Redfin Corporation 312-836-4263

Listed By: Jean Walker · License #475164831 Show Phone

Source: Dawnmckennagroup

Added: Jul 15 Changed: Sep 8 Last Checked: Aug 28 at 4:05PM

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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 Redfin Corporation 312-836-4263 Overview Additional information MLS R ID 12694364 Interior features Bedrooms 9 Total Bathrooms 3 Heating Yes Exterior features Other property details Taxes $10,381 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Jean Walker with Redfin Corporation 312-836-4263

Investment Insights

Based on property information with market context.

This well-maintained three-unit residential property offers three spacious units with 3 bedrooms and 1 full bathroom each, for a total of 9 bedrooms and 3 bathrooms. Updates include contemporary finishes and stainless steel appliances. Units 1 and 2 are currently tenant-occupied for immediate rental continuity, while Unit 3 is vacant and available to lease or occupy.

The building includes rear exterior parking. The property is near the Obama Presidential Center and close to Jackson Park and Lake Michigan, with access to shopping, dining, schools, and everyday conveniences. Commuting is supported by nearby CTA bus routes, Metra, and major roadways.

Configured as a straightforward 3-unit income property, this asset provides current occupancy across two units with the flexibility of a vacant third unit.

Key Highlights

• 3‑unit investment property built in 2005 with three spacious units
• Each unit offers 3 bedrooms and 1 full bathroom (9 bedrooms total, 3 bathrooms total)
• Units 1 and 2 are currently tenant‑occupied for immediate rental income; Unit 3 is vacant

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Kitchen & Bath Showroom Big Box & Wholesale 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

3

Residential units

66.7%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

697

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Well-maintained three-unit building with two tenant-occupied units and one vacant unit, plus rear exterior parking.

Where is this triplex located?

The property is located at 7018 S Dorchester Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 3‑unit investment property built in 2005 with three spacious units; Each unit offers 3 bedrooms and 1 full bathroom (9 bedrooms total, 3 bathrooms total); Units 1 and 2 are currently tenant‑occupied for immediate rental income; Unit 3 is vacant