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.
Contingent
$110,000
5320 S Carpenter St, Chicago, IL 60609
6beds
--sqft
Est.:
Multi Family
Built in 1903
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious second-floor unitGenerous first-floor unitFull unfinished basementAmple potential for expansion
- 37 days
- on Zillow |
- 32 |
- 0 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 12, 2025 at 07:02am
Listing courtesy of:
Elizabeth Wright 847-404-2890,
Elux Real Estate Corporation
Source: MRED as distributed by MLS GRID,MLS#: 12417488

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other
Features
- Basement: Unfinished,Full,Walk-Out Access
Property
Lot
- Size: 3,100 Square Feet
- Dimensions: 25 X 124
Details
- Parcel number: 20084170310000
- Special conditions: Short Sale,In Foreclosure
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stone
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $100,000
- Annual tax amount: $2,110
- Date on market: 7/11/2025
- Ownership: Fee Simple
- Loading