Chicago, IL 60609 5320 S Carpenter Street
$110,000



1 more

Presented By: Elux Real Estate Corporation
Home Details
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.
Presented By: Elux Real Estate Corporation
Interior Features for 5320 S Carpenter Street
Bedrooms
Bedrooms Possible7
Total Bedrooms7
Bathrooms
Full Baths Building2
Half Baths Building
Total Baths2
Other Interior Features
BasementUnfinished, Full, Walk-Out Access
Total Number of Units2
General for 5320 S Carpenter Street
CityChicago
Construction MaterialsStone
ContingencyShort Sale
CountyCook
DirectionsIf driving from downtown, take I-90/94 (Dan Ryan Expy) South, then exit at 55B for 55th St/Gage Park. Turn right onto W 55th St, then right onto S Ashland Ave. Next, turn left onto W 53rd St, and finally
Elementary School District299
HeatingOther
High School District299
MLS AreaCHI - New City
Middle/Junior School District299
ModificationTimestamp2025-07-12T14:02:02.178Z
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount2110
Tax Year2023
Total Rooms13
TownshipLake
Year Built1903
Exterior for 5320 S Carpenter Street
Lot Dimensions25 X 124
Total Parking
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
