Chicago, IL 60608 3340 S Carpenter Street

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Presented By: Coldwell Banker Real Estate Group
  • MLS# 12420666
  • 08/20/2025
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  • Beds • 2

Home Details

This fully renovated 7-unit brick building is 100% occupied and generates nearly $118,000 in annual gross rental income. Renovated top to bottom in 2017-2018, the property consists of six 1 Bed / 1 Bath units in the main building and 1 unit in the rear coach house-each featuring modern finishes such as stainless steel appliances, granite countertops, dishwashers, microwaves, updated bathrooms, central HVAC, and spacious layouts with ample storage. Tenants pay for their own gas and electric, while a coin-operated laundry room provides additional passive income. Major capital improvements-including a full tear-off roof, new electrical, and plumbing systems-ensure low maintenance costs and long-term durability. Located on a quiet, tree-lined street just two blocks from the Bridgeport Art Center, this property offers stable cash flow and long-term upside in one of Chicago's most desirable and appreciating neighborhoods. A true armchair investment-don't miss this rare opportunity!
Presented By: Coldwell Banker Real Estate Group

General for 3340 S Carpenter Street

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick, Concrete
CoolingCentral Air, Central Individual
CountyCook
Current UseMulti-Family
DirectionsMorgan & May St, West to Carpenter, South to 3340 on West Side of Street.
ElectricCircuit Breakers, Separate Meters
Electric Expense1577
Fuel Expense200
Gross Income118476
Insurance Expense8691
Lot Size Square Feet3125
MLS AreaCHI - Bridgeport
MaintenanceExpense7290
ModificationTimestamp2025-08-26T05:07:09.573Z
Net Operating Income72869
Number Of Units Total7
Operating Expense45607
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount11211
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipSouth Chicago
Trash Expense1996
Water Sewer Expense2889
Year Built1900
ZoningMULTI

Exterior for 3340 S Carpenter Street

Foundation DetailsConcrete Perimeter
Lot Dimensions25 x 125
Lot Size Acres0.07

Additional Details

Price History

Client Care

Price $1,125,000
MLS#12420666
List Date 08/20/2025
Property Type Multi-Family
Phone 847.485.2500
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