Rare Little Italy/University Village multifamily investment opportunity at 827 S Carpenter Street. The property features five residential units, approximately 4,575 SF of building area on a 2,500 SF lot, and RT-4 zoning. Ideally located near UIC, Taylor Street, the Illinois Medical District, public transportation, restaurants, and neighborhood amenities. Strong rental history with additional income from on-site coin laundry. All units are currently leased through July 31, 2027. City of Chicago Certificate of Zoning Compliance reflects five dwelling units. Property is being sold subject to existing leases. Please do not disturb tenants. Proof of funds or pre-approval required prior to scheduling showings. Buyer to independently verify zoning, unit configuration, square footage, and all property information.
Property Details
Price:
$1,450,000
MLS #:
MRD12758488
Status:
Active
Beds:
6
Baths:
3
Type:
Commercial
Neighborhood:
chinearwestside
Listed Date:
Sep 13, 2026
Total Sq Ft:
4,575
Lot Size:
2,500 sqft / 0.06 acres (approx)
Year Built:
1989
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
3
Financial
Maintenance Fee
$2,185
Tax Year
2025
Taxes
$16,378
Map
Community
- Address827 S Carpenter Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60607
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
- 827 S Carpenter Street Chicago IL is a Commercial for sale in Chicago, IL, 60607. It is listed for $1,450,000
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Copyright 2026. All rights reserved.
827 S Carpenter Street
Chicago, IL


