5320 S Carpenter St Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $748/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
Home Design
- Stone Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 2 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25 x 124
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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