5320 South Carpenter Street, Chicago, IL

$110,000

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7

Beds

2

Baths

About 5320 South Carpenter Street

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.

Features of 5320 South Carpenter Street

MLS® # 12417488
Price $110,000
Bedrooms 7
Bathrooms 2.00
Acres 0.00
Year Built 1903
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 5320 South Carpenter Street
Area CHI - New City
City Chicago
County Cook
State IL
Zip Code 60609

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Other
Fireplace No
Has Basement Yes
Basement Unfinished, Full, Walk-Out Access

Exterior

Exterior Stone

School Information

District 299

Additional Information

Days on Market 95
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeElux Real Estate Corporation
Contact Info312-967-4273

Listing Map

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