Log In/Sign Up
Your email has been sent.
823 S Carpenter St 2 Unit Apartment Building $625,000 ($312,500/Unit) 7.24% Cap Rate Chicago, IL 60607
Investment Highlights
- Rare income-producing property in Chicago’s Little Italy/University Village neighborhood
- Located near the University of Illinois Chicago campus and the Illinois Medical District
- Established tenants with an existing leases and immediate in-place cash flow
Executive Summary
Brookline Real Estate is pleased to present 823 S.? Carpenter Street, an income-producing investment opportunity in Chicago’s highly desirable Little Italy/University Village neighborhood.? Offered at $625,000, the property provides an investor with immediate cash flow from an established tenant, supplemented by additional miscellaneous and ancillary income.?
The property is strategically located near the University of Illinois Chicago campus, the Illinois Medical District and the Taylor Street commercial corridor.? Its infill location benefits from a dense surrounding population, strong institutional demand and convenient access to downtown Chicago, public transportation and the expressway system.? With its existing income, irreplaceable neighborhood location and long-term appreciation potential, 823 S.? Carpenter Street offers a compelling opportunity for investors seeking a well-located Chicago asset.?
The property is strategically located near the University of Illinois Chicago campus, the Illinois Medical District and the Taylor Street commercial corridor.? Its infill location benefits from a dense surrounding population, strong institutional demand and convenient access to downtown Chicago, public transportation and the expressway system.? With its existing income, irreplaceable neighborhood location and long-term appreciation potential, 823 S.? Carpenter Street offers a compelling opportunity for investors seeking a well-located Chicago asset.?
Data Room Click Here to Access
Property Facts
| Price | $625,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 2,656 SF |
| Cap Rate | 7.24% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1878/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RT-4 | ||
| Price | $625,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,656 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1878/2019 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | RT-4 |
Amenities
Site Amenities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 2 | - | - |
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $128,725 | |
| Land Assessment | $28,000 | Total Assessment | $156,725 |
Property Taxes
Parcel Numbers
Land Assessment
$28,000
Improvements Assessment
$128,725
Total Assessment
$156,725
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
823 S Carpenter St