5320 S Carpenter ST Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60609
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12417488
Bedrooms 7
Year Built 1903
Annual Tax Amount $2,110
Tax Year 2023
Lot Dimensions 25 X 124
Property Sub-Type Two to Four Units
Property Description
An incredible investor opportunity awaits in Chicago's vibrant New City neighborhood! This multi-unit property, primed for a significant value-add transformation, features a spacious second-floor unit with four bedrooms and one bathroom, alongside a generous first-floor unit offering three bedrooms and one bathroom. A full, unfinished basement provides ample potential for expansion or additional amenity space, allowing for creative vision and maximizing future rental income. Situated in an area with a strong rental market and ongoing community revitalization initiatives, this property is ideally priced for advantageous financing, including DSCR loans. While it requires substantial work, the upside for a savvy investor is immense in this burgeoning location. All offers are welcome and are subject to short sale/foreclosure approval. Tenant occupied 24-hour notice.
Location
State IL
County Cook
Area Chi - New City
Rooms
Basement Unfinished,Full,Walk-Out Access
Interior
Heating Other
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Stone, No
Sewer Public Sewer
Water Public
Structure Type Stone
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition Short Sale,In Foreclosure