Micki Stokes
BEDS0
BATHS
SQUARE FEET4,008
MLS#12745712
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Central Individual, Wall Sleeve
Lot Size: 0.06 Acres
Roof Type: Composition
Stories: 4.0
Taxes: $12,201
Year Built: 1895
Feature Descriptions
Electric: Circuit Breakers, Separate Meters
Exterior: Brick
Foundation: Concrete Perimeter
HVAC: Central Heat/Indiv Controls, Forced Air, Gas
Lot Dimensions: 24 X 125
Parcel#: 17322170740000
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 6
Listed By / Shown By
Listed By
Agency Name: Sperry Van Ness
Agency Phone: 312-676-1866
Shown By
Agent Name: Micki Stokes
Agent Phone: (937) 869-6450
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 8,608.89 per month $7,215.89 Principal & Interest $1,016.75 Property Tax $376.25 Homeowner's InsuranceChange Payment Information
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3320 S Carpenter Street | MLS# 12745712
This multi-family property located at 3320 S Carpenter Street, Chicago, IL 60608 is currently listed for sale with an asking price of $1,290,000. Search Chicago real estate on mickistokes.ikeyrealty.com today.