3320 S Carpenter Street, Chicago, IL

$1,290,000

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0.06

Acres

About 3320 S Carpenter Street

The property presents an attractive value-add investment opportunity in Chicago's Bridgeport neighborhood. The brick building contains six legal units consisting of five two-bedroom/one-bath apartments and one studio, plus two large non-conforming loft-style studio units. The non-conforming units may offer the potential to be duplexed into existing apartments or converted to legal dwelling units under Chicago's expanded ADU ordinance, subject to zoning and municipal approval. A rear brick structure provides additional flexibility and could potentially be converted into a garage, repurposed as an additional ADU or demolished to create a larger parking pad. The property also includes a full basement with shared laundry and tenant storage. With strong cash flow in place and several opportunities to increase the property's legal unit count and long-term value, this property offers investors a compelling combination of immediate income and future upside.

Features of 3320 S Carpenter Street

MLS® # 12745712
Price $1,290,000
Bathrooms 0.00
Acres 0.06
Year Built 1895
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 3320 S Carpenter Street
Area CHI - Bridgeport
City Chicago
County Cook
State IL
Zip Code 60608

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air, Central Individual, Wall Sleeve
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Composition
Foundation Concrete Perimeter

Additional Information

Days on Market 7
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSperry Van Ness

Listing Map

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