3320 S Carpenter ST, Chicago, IL 60608
3320 S Carpenter ST, Chicago, IL 60608
3320 S Carpenter ST, Chicago, IL 60608
3320 S Carpenter ST, Chicago, IL 60608
3320 S Carpenter ST, Chicago, IL 60608
3320 S Carpenter ST, Chicago, IL 60608
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$ 1,290,000
Est. payment | /mo

4,008 SqFt


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$ 1,290,000
Est. payment | /mo
Save

4,008 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 4,008 sqft

Price per Sqft $321

MLS Listing ID 12745712

Year Built 1895

Annual Tax Amount $12,201

Tax Year 2025

Lot Size 2,613 Sqft

Lot Dimensions 24 X 125

Property Sub-Type Multi Family 5+

Property Description

The property presents an attractive value-add investment opportunity in Chicago's Bridgeport neighborhood. The brick building contains six legal units consisting of five two-bedroom/one-bath apartments and one studio, plus two large non-conforming loft-style studio units. The non-conforming units may offer the potential to be duplexed into existing apartments or converted to legal dwelling units under Chicago's expanded ADU ordinance, subject to zoning and municipal approval. A rear brick structure provides additional flexibility and could potentially be converted into a garage, repurposed as an additional ADU or demolished to create a larger parking pad. The property also includes a full basement with shared laundry and tenant storage. With strong cash flow in place and several opportunities to increase the property's legal unit count and long-term value, this property offers investors a compelling combination of immediate income and future upside.

Location

State IL

County Cook

Area Chi - Bridgeport

Zoning MULTI

Interior

Cooling Central Air, Central Individual, Wall Sleeve

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
Listed by Angelo Labriola of  Sperry Van Ness 

Nearby Locations

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3320 S Carpenter ST