5320 Carpenter Street, New City, Chicago, Illinois 60609
$110,000
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For Sale
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| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1903 |
| Property Taxes: | $2,110 |
| Days On Market: | 185 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
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| 1903 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| — | |
| 12417488 | |
| 20084170310000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 7 Dec, 2012 | Sold | $23,500 | MRED MLS |
| 23 Aug, 2012 | Under contract | $23,500 | MRED MLS |
| 6 Aug, 2012 | Listed for sale | $23,500 | MRED MLS |
| 11 Jul, 2025 | Under contract | $110,000 | MRED MLS |
| 10 Jul, 2025 | Listed for sale | $110,000 | MRED MLS |
Room Specifics
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
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Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 25 X 124 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2012 | $2,785 |
| 2025 | $2,110 |
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Listing Provided By
Elux Real Estate Corporation
