$280,000

5320 S Carpenter Street, Chicago, IL 60609

7 beds |
2 baths

Multi-Family Home
Built in 1903
—— sqft lot
—— car garage
$——/sqft
Listed 5 days ago

Property Description

A strong value add opportunity for investors in Chicago's New City neighborhood. This multiunit building offers solid income potential with a 4BD/1BA second floor unit and a 3BD/1BA first floor unit, plus a full unfinished basement ideal for future expansion, storage, or additional revenue producing space. The property sits in a rental driven area with ongoing neighborhood improvements, making it a strategic choice for investors looking to reposition, rehab, or add to their portfolio. It qualifies for investor friendly financing options, including DSCR loans. All offers are welcome and subject to short sale/bank approval. Tenant occupied - tenants being conveyed with property.

Listing Status:: Active
Data Last Updated:: April 13, 2026 at 7:19PM
Listing Office:: Coldwell Banker Realty : 708-822-7426
Listing Agent:: Ericka Taylor : 708-822-7426
MLS ID:: 12613659

Basement: UnfinishedFullWalk-Out Access
Heating: Other

Parking: Parking spaces: 0

HOA Amenities: Street Lights
Originating MLS: mred
School District: 299
County: Cook

Zoning: MULTI20084170310000

Water: Public
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Ericka Taylor , Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sherman Elementary School

1000 W 52nd St, Chicago, IL, 60609

Grades PK-8

0.20 miles away

Sherman Elementary School

1000 W 52nd St, Chicago, IL, 60609

Grades PK-8

0.20 miles away

Hope College Preparatory High School

5515 S Lowe Ave, Chicago, IL, 60621

Grades 9-12

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.