4836 Dorchester AveChicago, IL 60615

Property Details for 4836 Dorchester Ave

Year built

1891

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

4,068 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

20-11-205-020

APU

2011205020

Description

This stunning three-unit Georgian-style apartment building in Chicago's Hyde Park neighborhood presents a unique investment opportunity. Built on two city lots (25 ft x 200 ft) and zoned RM5, this property offers significant potential for growth. Recently renovated in 2024, the building boasts a blend of historical charm and modern amenities. The exterior features a front portico with four tall columns, while the interior showcases original solid mahogany doors, molding, and oak and antiqued pine flooring. The units offer spacious living areas

• CAP approach

  CAP return

  Valuation

  6%

  $1,621,101

  6.5%

  $1,496,401

  7%

  $1,389,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $821,278

  Geo Method

  $821,278

• Alternative Use

  Use

  Valuation

  Residential

  $1,496,401

  Hospitality

  $1,370,695

  Educational

  $1,140,402

  Medical

  $1,179,622

  Retail

  $1,773,959

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8067

Longitude

-87.5924

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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