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.
Property Details
Price:
$1,290,000
MLS #:
MRD12745712
Status:
Active
Beds:
2
Baths:
6
Type:
Commercial
Neighborhood:
chibridgeport
Listed Date:
Aug 28, 2026
Total Sq Ft:
4,008
Lot Size:
3,001 sqft / 0.06 acres (approx)
Year Built:
1895
See this Listing
Schools
Interior
Cooling
Central Air, Central Individual, Wall Sleeve
Exterior
Construction Materials
Brick
Roof
Composition
Stories
4
Financial
Tax Year
2025
Taxes
$12,202
Map
Community
- Address3320 S Carpenter Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60608
Market Summary
Current real estate data for Commercial in Chicago as of Oct 04, 2026
906
Commercial Listed
185
Avg DOM
$1,021,515
Avg List Price
Property Summary
- 3320 S Carpenter Street Chicago IL is a Commercial for sale in Chicago, IL, 60608. It is listed for $1,290,000
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Copyright 2026. All rights reserved.
3320 S Carpenter Street
Chicago, IL


