Cook, US
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.
Courtesy Of: Elux Real Estate Corporation
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 07/10/2025
Interior Features
- Bedrooms Possible:
- 7
- Rooms Total:
- 13
Exterior Features and Amenities
- Lot Size Dimensions:
- 25 X 124
Financial
- Purchase Contract Date:
- 2025-07-11
- Days On Market:
- 3
- Tax Annual Amount:
- $2,110.00
- Tax Year:
- 2023
Other Features
- Elementary School District:
- 299
- High School District:
- 299
- Middle Or Junior School District:
- 299
- Age:
- 100+ Years
Directions
If driving from downtown, take I-90/94 (Dan Ryan Expy) South, then exit at 55B for 55th St/Gage Park. Turn right onto W 55th St, then right onto S Ashland Ave. Next, turn left onto W 53rd St, and finally make a right onto S Carpenter St; your destination will be on the left. For public transit, take the CTA Red Line south to Garfield Station, then transfer to the 55 Garfield bus heading west. Exit at Ashland & 53rd St, walk south on Ashland to W 53rd St, turn west on W 53rd St, and then turn right onto S Carpenter St.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2026-03-06.
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