- 7 beds
- 2 baths
- – sqft
- 3,100 sqft lot
- 1903 build
- – on site
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.
Last checked:
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Last updated Jul 12, 2025
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MLS# 12417488 —
The Building
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Year Built:1903
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Rebuilt:No
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New Construction:false
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Construction Materials:Stone
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Basement:Unfinished, Full, Walk-Out Access
Interior
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Rooms Total:13
Location
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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.
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Location:87180
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Location:86282
The Property
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Parcel Number:20084170310000
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Property Type:Residential Income
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Lot Size Dimensions:25 X 124
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (847) 404-2890
- Office phone:
- (312) 967-4273
Taxes
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Tax Year:2023
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Tax Annual Amount:2110
Beds
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Bedrooms Total:7
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Bedrooms Possible:7
Baths
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Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:Short Sale, In Foreclosure
Heating & Cooling
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Heating:Other
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/12/25
Jul 12, 2025
|
Sold Subject To Contingencies | MRED | $110,000 | |
7/11/25
Jul 11, 2025
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Listed / Active | MRED | $110,000 | 368.1% (29.2% / YR) |
11/18/20
Nov 18, 2020
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Sold Subject To Contingencies | MRED |