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Three-Unit Residential Income Property

7018 S Dorchester Avenue Chicago, IL 60637

New
7018 S Dorchester Avenue, Chicago, IL, 60637
$525,000
For Sale
$525,000

MULTI_FAMILY - Chicago, IL

Days on Market3

Property Features for 7018 S Dorchester Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
9
Bathrooms
3
Rooms
Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 1, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 2
Parking
2
Parking features
Assigned, Owned
Standard status
Active
APN
20234210200000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
10381

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas

Building Details

Year built
2005
Building materials
Brick
Listing Agency Redfin Corporation
112 S. Sangamon St Ste 400, Des Plaines, IL
Listed by Jean Walker
Added: Jul 15 Checked: Jul 17 at 10:06 pm
MLS# 12694364 Listing URL

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 well-maintained three-unit residential income property offers three spacious units configured with 3 bedrooms and 1 full bathroom each. The building totals 9 bedrooms and 3 bathrooms, and includes contemporary-style updates with stainless steel appliances. Two units (Units 1 and 2) are currently tenant-occupied, while Unit 3 is vacant, providing flexibility for an owner-occupant or a new tenant.

The property is located on S Dorchester Avenue in Chicago’s South Side and is described as being near the Obama Presidential Center, with access to Jackson Park and Lake Michigan. The area also includes shopping, dining, schools, and other everyday conveniences.

Additional on-site amenity includes rear exterior parking for tenant convenience. Public transportation access is described as being available via CTA bus routes and Metra, with convenient access to major roadways for commuting throughout the city.

Key Highlights

  • Well‑maintained 3‑unit investment property built in 2005
  • Brick building with natural gas heating and public sewer
  • Unit mix: three 3‑bedroom units plus 1 full bathroom each (total 9 bedrooms, 3 bathrooms)

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Real Estate Agency Dental Office Building Supply Kitchen & Bath Showroom Big Box & Wholesale Store Skin Care Clinic HVAC Service Auto Parts Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Well-maintained 3-unit building with rear exterior parking and two currently tenant-occupied units.
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: Well‑maintained 3‑unit investment property built in 2005; Brick building with natural gas heating and public sewer; Unit mix: three 3‑bedroom units plus 1 full bathroom each (total 9 bedrooms, 3 bathrooms)
Contact an agent
More about this property
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