NOT LISTED FOR SALE

721 S Carpenter St Chicago, IL 60607

Little Italy Neighborhood
14 Beds
6 Baths
5,936 Sq Ft
2,524 Sq Ft Lot

Last Sold January 05, 2023

Last sale price $1,570,000 $264 Per Sq Ft

77 Days on Market

About This Home

As of January 2023

ATTRACTIVE WELL CARED FOR BRICK 6 UNIT ON A CUL-DE-SAC JUST STEPS AWAY FROM UIC. FULLY-RENTED BUILDING IN THE POPULAR TRI-TAYLOR / UNIVERSITY OF ILLINOIS AREA. LITTLE ITALY NEIGHBORHOOD IN THE HEART OF THE VIBRANT TAYLOR STREET RESTAURANTS, SHOPS AND AMENITIES. JUST MINUTES TO THE UIC MEDICAL DISTRICT, GREEK TOWN AND DOWNTOWN CHICAGO, WITH CONVENIENT PUBLIC TRANSPORTATION. NEW FRONT ROOF DECEMBER 2017. NEW REAR ROOF 2019. WATER, GARBAGE AND SCAVENGER PAID BY LANDLORD...GAS AND ELECTRICITY PAID BY TENANT. MONTHLY GROSS RENTAL INCOME IS $11,750 WITH A 5.97 CAP...EXCELLENT INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

Kevin Burke

RE/MAX 10 License #475137180 Listed on: 09/29/2022

RE/MAX 10

Last Buyer's Agent

Nicholas Atsaves

Cosmos Realty, Inc License #471007491

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,593

Year Built

  • Built in 1890

Lot Details

  • 2,524 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,936 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $4,197
  • Trash Expense $2,556
  • Water Sewer Expense $1,840
  • Operating Expense $24,786
  • Gross Income $11,750
  • Net Operating Income $119,454

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,593

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1890
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 14
  • Fireplaces: 2
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Exterior Building Type: Brick

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 2556
  • Water Sewer Expenses: 1840

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 2524
  • Lot Size Sq Ft: 2524
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 5936

Multi Family

  • Net Operating Income: 119454
  • Insurance Expense: 4197
  • GrossIncome: 11750
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 24786
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15593
  • Tax Year: 2020

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2023 01/05/23 Sold $1,570,000 -21.5% $264 / Sq Ft
12/16/2022 12/16/22 Pending -- -- --
09/29/2022 09/29/22 For Sale $2,000,000 +56.9% $337 / Sq Ft
04/07/2020 04/07/20 Sold $1,275,000 -5.6% -- View Prior Sale
02/21/2020 02/21/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $1,350,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin Burke

    Seller's Agent in 2023

    Kevin Burke

    RE/MAX 10

    (708) 805-1754

    1 in this area

    354 Total Sales

    Kevin Burke
    Section Image

  • N

    Buyer's Agent in 2023

    Nicholas Atsaves

    Cosmos Realty, Inc

    (773) 338-2900

    3 in this area

    5 Total Sales

    Nicholas Atsaves
    Section Image

  • Y

    Seller's Agent in 2020

    Yolanda Edwards

    Bronzeville Realty, LLC

    (773) 426-0424

    12 Total Sales

    Yolanda Edwards
    Section Image
  • Myra Nimchaiyong, CCIM

    Buyer's Agent in 2020

    Myra Nimchaiyong, CCIM

    Century 21 S.G.R., Inc.

    (773) 575-2779

    58 Total Sales

    Myra Nimchaiyong, CCIM
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11640861

Midwest Real Estate Data (MRED)

APN: 17174120360000

Illinois Cook County Chicago 60607 Little Italy

721 S Carpenter St, Chicago, IL

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