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
- 120 days |
- 12 |
- 0 |
Likely to sell faster than
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