A strong value add opportunity for investors in Chicago’s New City neighborhood. This multiunit building offers solid income potential with a 4BD/1BA second floor unit and a 3BD/1BA first floor unit, plus a full unfinished basement ideal for future expansion, storage, or additional revenue producing space. The property sits in a rental driven area with ongoing neighborhood improvements, making it a strategic choice for investors looking to reposition, rehab, or add to their portfolio. It qualifies for investor friendly financing options, including DSCR loans. All offers are welcome and subject to short sale/bank approval. Tenant occupied – tenants being conveyed with property.
Property Details
Price:
$280,000
MLS #:
MRD12613659
Status:
Active
Beds:
7
Baths:
2
Type:
Multi Family
Neighborhood:
chinewcity
Listed Date:
Apr 8, 2026
Year Built:
1903
See this Listing
Schools
School District:
299
Interior
Heating
Other
Exterior
Community Features
Street Lights
Construction Materials
Stone
Financial
Tax Year
2024
Taxes
$3,215
Map
Community
- Address5320 S Carpenter Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60609
Market Summary
Current real estate data for Multi Family in Chicago as of Jun 16, 2026
1,400
Multi Family Listed
80
Avg DOM
$531,317
Avg List Price
Property Summary
- 5320 S Carpenter Street Chicago IL is a Multi Family for sale in Chicago, IL, 60609. It is listed for $280,000
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Copyright 2026. All rights reserved.
5320 S Carpenter Street
Chicago, IL


