7948 S Dobson Ave

Chicago, IL 60619

$330,000
Last Sold Price
8
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Closed 2/11/21
Closed 2/11/21
a view of a house with backyard and a tree

Description

7948 s. Dobson is an 8 unit Multifamily located in the desirable Chatham neighborhood. This asset consists (8) 1 Bed 1 Bath units and it gives an opportunity for a qualified investor to purchase a well located property that cash flows. The building is well occupied with various voucher holding tenants for guaranteed income and an investor will benefit from an in-place CAP Rate of 9.7% with a 20.52% CoC return. The subject property is located approximately nine miles directly south of the Loop with...7948 s. Dobson is an 8 unit Multifamily located in the desirable Chatham neighborhood. This asset consists (8) 1 Bed 1 Bath units and it gives an opportunity for a qualified investor to purchase a well located property that cash flows. The building is well occupied with various voucher holding tenants for guaranteed income and an investor will benefit from an in-place CAP Rate of 9.7% with a 20.52% CoC return. The subject property is located approximately nine miles directly south of the Loop with convenient access to Interstate 90 and 94. CTA bus stops are conveniently located on 79th Street, which is walking distance from the property. Note 7352 s. Langley can be purchased as a package deal. Offering Memorandums are available upon request.
  1. Listed by Marco Cesario • Kiser Group Realty Inc
    P: (312)-315-7173 C: (312)-315-7173 mcesario@jameson.com

Sold By Kiser Group Realty Inc

Property Details for 7948 South Dobson Avenue

Area
CHI - Chatham
Township
Hyde Park
Num Of Parking Spaces
0.0
Zoning
MULTI
LISTING UPDATED: 08/04/2023 01:43 PM

Property Details for 7948 South Dobson Avenue

StatusClosed
MLS #10603816
Days on Market336
Taxes$8,281 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1963
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Add your commute

Building Information for 7948 South Dobson Avenue

Stories2Residences8Year Built1963Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$2,298 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,608

Property Taxes

$690

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7948 South Dobson Avenue

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Heat/Ventilation: Hot Water,Baseboard
  • # Of Refrigerators: 8
  • Num of Baths: 8.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Flats
  • Lot Dimensions: 25 X 125
  • Lot Size Square Feet: 3125.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete
  • Roof Type: Composition
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 8
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $612.00
  • Fuel Expense: $4,030.00
  • Gross Income: $76,020.00
  • Gross Scheduled Income: $72,219.00
  • Insurance Expense: $2,730.00
  • Maintenance Expense: $4,400.00
  • Electric Expense Source: Actual
  • Expense Year: 2019
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 2400
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 6335
  • Water Expense Source: Actual
  • Net Operating Income: $37,787.00
  • Operating Expense: $34,432.00
  • Other Expense: $6,181.00
  • Trash Expense: $1,039.00
  • Water Sewer Expense: $4,159.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7948 South Dobson Avenue

DateEvent & SourcePriceAppreciation
Feb 2, 2026

Cancelled

MRED #12441266

$400,000—
Aug 11, 2025

Listed (Active)

MRED #12441266

$400,000—
Feb 11, 2021

Sold

MRED #10603816

$330,000—
Dec 7, 2020

Pending

MRED #10603816

—
May 8, 2020

Listed (Active)

MRED #10603816

$390,000—
Oct 4, 2018

Cancelled

MRED #09826232

$395,000—
Aug 2, 2018

Listed (Active)

MRED #09826232

$560,000—
Jan 4, 2018

Cancelled

MRED #09793538

$560,000—
Nov 3, 2017

Listed (Active)

MRED #09793538

$560,000—
Dec 30, 2014

Sold

MRED #08576202

$70,000—
Oct 15, 2014

Pending

MRED #08576202

—
Apr 4, 2014

Listed (Active)

MRED #08576202

$185,000—
DateEvent & SourcePrice
02/02/2026

Cancelled

MRED #12441266

$400,000
08/11/2025

Listed (Active)

MRED #12441266

$400,000
02/11/2021

Sold

MRED #10603816

$330,000
12/07/2020

Pending

MRED #10603816

—
05/08/2020

Listed (Active)

MRED #10603816

$390,000
10/04/2018

Cancelled

MRED #09826232

$395,000
08/02/2018

Listed (Active)

MRED #09826232

$560,000
01/04/2018

Cancelled

MRED #09793538

$560,000
11/03/2017

Listed (Active)

MRED #09793538

$560,000
12/30/2014

Sold

MRED #08576202

$70,000
10/15/2014

Pending

MRED #08576202

—
04/04/2014

Listed (Active)

MRED #08576202

$185,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7948 South Dobson Avenue

Taxable ValueLand$2,812Additions$10,581Total$13,393
Tax Record2023$2,826 ($235 / month)
Home Facts
Stories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyCOOKAPN20-35-104-030

Schools near 7948 South Dobson Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Avalon Park Elementary School
Public - PK to 8
Hirsch Metropolitan High School
Public - 9 to 12
Jefferson Alt High School
Public - 6 to 12
York Alternative High School
Public - 9 to 12
Rating
School
Distance
Avalon Park Elementary School
PublicPK to 8

Hirsch Metropolitan High School
Public9 to 12

Jefferson Alt High School
Public6 to 12

York Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kiser Group Realty Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/04/2023 01:43 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.