5320 S Carpenter St Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $749/month
About This Home
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.
Listing Agent
Elux Real Estate Corporation License #471012669 Listed on: 07/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,110
Year Built
- Built in 1903
Lot Details
- Lot Dimensions are 25 x 124
Home Design
- Stone Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,110 | $16,000 | $930 | $15,070 |
| 2024 | $2,110 | $16,000 | $930 | $15,070 |
| 2023 | $2,057 | $10,000 | $2,015 | $7,985 |
| 2022 | $2,057 | $10,000 | $2,015 | $7,985 |
| 2021 | $2,011 | $10,000 | $2,015 | $7,985 |
| 2020 | $1,663 | $7,464 | $2,015 | $5,449 |
| 2019 | $1,724 | $8,580 | $2,015 | $6,565 |
| 2018 | $1,695 | $8,580 | $2,015 | $6,565 |
| 2017 | $3,324 | $15,440 | $1,860 | $13,580 |
| 2016 | $3,092 | $15,440 | $1,860 | $13,580 |
| 2015 | $2,829 | $15,440 | $1,860 | $13,580 |
| 2014 | $2,549 | $13,740 | $1,705 | $12,035 |
| 2013 | $2,499 | $13,740 | $1,705 | $12,035 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/11/2025 07/11/25 | Pending | -- | -- | -- | |
| 07/10/2025 07/10/25 | For Sale | $110,000 | +368.1% | -- | |
| 12/07/2012 12/07/12 | Sold | $23,500 | 0.0% | -- | View Prior Sale |
| 08/22/2012 08/22/12 | Pending | -- | -- | -- | |
| 08/06/2012 08/06/12 | For Sale | $23,500 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12417488
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.