Seller's Agent in 2025
Michael Scanlon
eXp Realty
(773) 630-9205
3 in this area
814 Total Sales
923 S Carpenter St Chicago, IL 60607
Little Italy Neighborhood
--
Bed
--
Bath
4,600
Sq Ft
2,415
Sq Ft Lot
About This Home
As of May 2025Turn-key 5-unit apartment building located in Chicago's highly desirable Little Italy neighborhood. Two buildings on a single lot - 2 units in front and 3 units in rear. This property underwent a full interior renovation in recent years and boasts bright, sun-filled units with generous floor plans. The buildings offer a well balanced unit mix of 5 bed, 3 bed, and 2 bedroom apartments. Located only blocks from UIC where enrollment grew in 2024 and continues to draw high quality and consistent tenants to the area. Vacancy is never a concern in this centrally located neighborhood with proximity to schools, downtown, restaurants and public transportation. New owner has the opportunity to leverage a turn key asset with rental upside in a booming location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,162
Year Built
- Built in 1925
Lot Details
- 2,415 Sq Ft Lot
- Lot Dimensions are 25x125
Home Design
- Brick Exterior Construction
- Pitched Roof
Interior Spaces
- 4,600 Sq Ft Home
- 2-Story Property
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 5 Units
Building Details
- Insurance Expense $4,000
- Maintenance Expense $3,000
- Manager Expense $7,852
- Trash Expense $1,588
- Water Sewer Expense $2,821
- Operating Expense $40,623
- Gross Income $159,840
- Net Operating Income $116,562
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | Sold | $1,580,000 | -2.8% | $343 / Sq Ft |
| 03/08/2025 03/08/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | For Sale | $1,625,000 | -- | $353 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $20,049 | $81,400 | $13,440 | $67,960 |
| 2024 | $20,049 | $81,400 | $13,440 | $67,960 |
| 2023 | $20,162 | $94,699 | $10,800 | $83,899 |
| 2022 | $20,162 | $97,692 | $10,800 | $86,892 |
| 2021 | $19,710 | $97,692 | $10,800 | $86,892 |
| 2020 | $12,043 | $53,880 | $8,160 | $45,720 |
| 2019 | $12,204 | $60,540 | $8,160 | $52,380 |
| 2018 | $11,997 | $60,540 | $8,160 | $52,380 |
| 2017 | $13,301 | $61,575 | $7,200 | $54,375 |
| 2016 | $12,333 | $61,575 | $7,200 | $54,375 |
| 2015 | $11,283 | $61,575 | $7,200 | $54,375 |
| 2014 | $11,207 | $60,405 | $6,000 | $54,405 |
| 2013 | $10,986 | $60,405 | $6,000 | $54,405 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Scanlon
-
Jake Fugman
Seller Co-Listing Agent in 2025
Jake Fugman
eXp Realty
(630) 379-7464
2 in this area
225 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12284509
APN: 17174200280000
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