Rare Little Italy/University Village multifamily investment opportunity at 827 S Carpenter Street. The property features five residential units, approximately 4,575 SF of building area on a 2,500 SF lot, and RT-4 zoning. Ideally located near UIC, Taylor Street, the Illinois Medical District, public transportation, restaurants, and neighborhood amenities. Strong rental history with additional income from on-site coin laundry. All units are currently leased through July 31, 2027. City of Chicago Certificate of Zoning Compliance reflects five dwelling units. Property is being sold subject to existing leases. Please do not disturb tenants. Proof of funds or pre-approval required prior to scheduling showings. Buyer to independently verify zoning, unit configuration, square footage, and all property information.
| MLS # | 12758488 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 9 |
| Listing Provided By | Brookline Real Estate LLC | William Lundy |
| SQ Feet | 4,575 |
|---|---|
| Story(s) | 3 |
| Units | 5 |
| Zoning | MULTI |
| Acreage | 0.06 |
| Cooling | Central Air |
|---|
| Construction Materials | Brick |
|---|
| Utilities | Sewer Connected |
|---|
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 16378 |
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60607 |
| Area | CHI Near West Side |
| Listing VS Median (in 60607) | |
Price: $1,450,000 low | high Med: $379,450 sqft: 4,575 low | high Med: 1,125 $ / sqft: $317 low | high Med: $339 On site: 9 low | high Med: 16 | |
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60607 |
| Area | CHI Near West Side |
| Listing VS Median (in 60607) | |
Price: $1,450,000 low | high Med: $379,450 sqft: 4,575 low | high Med: 1,125 $ / sqft: $317 low | high Med: $339 On site: 9 low | high Med: 16 | |