37
See all 37 photos
$1,299,000
Est. payment /mo
11 BD
Price Dropped by $50K
3228 S Carpenter Street Chicago, IL 60608
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UPDATED:
02/21/2025 10:16 PM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12293996
Bedrooms 11
Year Built 1891
Annual Tax Amount $15,849
Tax Year 2022
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
Super rare find and a Bridgeport gem!!! Opportunity of a lifetime to own a turn-key multi-family property in the heart of Bridgeport. Very unique property as the main building in the front has 3 units with vaulted ceilings, hardwood floors, and open floor plans. Coach house in the back is basically single family living with 3 beds/2 bath with ample space for a couple or growing family. All 4 units are fully rented with a monthly rent roll of 8520 (can probably get another 300-500 additional in rent as owner never increased rent on one of the long-term tenants). 3 of the units have lease agreements valid until May 2026 and one of the units is month to month. Building set up perfect for owner-occupied conventional financing or simply use as an investment property. Seller did not want to liquidate this from his portfolio as it cash flows very nicely but his loss is your gain. All brick building with charm, great bones, ample space with seller leaving completely ready for next owner to start building wealth. Roof about 5 years old and new AC on 2nd floor unit and new furnace 1st floor unit both updated in 2024. No showings at this time but will have one of the units available hoping in the next week after tenant is back in town. Opportunities like this don't come around often so don't miss the chance at owning a quality multi-family property with great cash flow in the hot/sought after Bridgeport neighborhood. All offers must be reviewed by owner's preferred lender. This one won't last long so please submit your highest and best!!
Location
State IL
County Cook
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Gianna Spain • HomeSmart Realty Group