NOT LISTED FOR SALE

923 S Carpenter St Chicago, IL 60607

Little Italy Neighborhood
-- Bed
5 Baths
4,600 Sq Ft
2,415 Sq Ft Lot

Sale Details

Date Sold: May 12, 2025

Last sale price $1,580,000 $343 Per Sq Ft

23 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Wood Siding
  • 3-minute walk to Sheridan Park

About This Home

As of May 2025

Turn-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.

Last Agent to Sell the Property

Michael Scanlon

eXp Realty License #475188240 Listed on: 02/12/2025

eXp Realty

Co-Listed By

Jake Fugman

eXp Realty License #475181407

Last Buyer's Agent

Michael Scanlon

eXp Realty License #475188240 Listed on: 02/12/2025

eXp Realty

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
  • Wood Siding
  • Aluminum Siding

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,162

Year Built

Built in 1925

Lot Details

2,415 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 5
  • Dishwashers: 5
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood, Aluminum Siding
  • Roof Structure: Pitched
  • Misc Outside: Courtyard

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Manager Expense: 7852
  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1588
  • Water Sewer Expenses: 2821

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Lot Size Sq Ft: 2415
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 4600

Multi Family

  • Net Operating Income: 116562
  • Insurance Expense: 4000
  • GrossIncome: 159840
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 40623
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 20162
  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)

Agents Affiliated with this Home

  • Michael Scanlon

    Seller's Agent in 2025

    Michael Scanlon

    eXp Realty

    (773) 630-9205

    2 in this area

    1,039 Total Sales

    Michael Scanlon
    Section Image
  • Jake Fugman

    Seller Co-Listing Agent in 2025

    Jake Fugman

    eXp Realty

    (630) 379-7464

    2 in this area

    214 Total Sales

    Jake Fugman
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12284509

Midwest Real Estate Data (MRED)

APN: 17174200280000

Illinois Cook County Chicago 60607 Little Italy

923 S Carpenter St, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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