6944 S Carpenter Street
Chicago, IL 60621

Status: Active
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $380,000

About this home

Discover this well-maintained 2-flat apartment building nestled in the vibrant Englewood neighborhood of Chicago. With one spacious 4-bedroom apartment and a comfortable 3-bedroom apartment, this property offers flexibility for various living arrangements or investment strategies. Its good condition, combined with room for value add, makes it an excellent candidate for a 203k loan and rehab, perfect for those looking to enhance its potential. First Apartment Bedrooms: 4 Bathrooms: 1 Features: Bright and open living area with ample natural light Functional kitchen with plenty of storage space Generously sized bedrooms, each with ample closet space Well-maintained bathroom with modern fixtures In-unit laundry potential for added convenience Second Apartment Bedrooms: 3 Bathrooms: 1 Features: Cozy living room with a welcoming atmosphere Efficient kitchen layout with updated appliances Comfortable bedrooms ideal for families or roommates Modern bathroom with contemporary finishes Potential for in-unit laundry Property Highlights Condition: This property is in good condition and ready for immediate occupancy, yet it still offers opportunities for value add through renovations or upgrades. Location: Situated in Englewood, this building is close to public transportation, schools, parks, and local amenities. The area is undergoing revitalization, making it an attractive location for investment. Short-Term Rental Potential: Both units are suitable for short-term rentals, offering flexibility for generating income through platforms like Air-BNB. Investment Opportunity: Ideal for investors looking to leverage a 203k loan for rehab, this property offers significant potential for increasing its value and maximizing rental income. Investment Potential This 2-flat building is an excellent choice for investors or homeowners looking to capitalize on the growing Englewood area. With room for enhancements and the ability to generate substantial rental income, this property represents a sound investment. Schedule a Viewing Don't miss out on this fantastic opportunity. Contact us today to schedule a private viewing and see the potential this property holds.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1909
Parking Total 1
Exterior Building Type Brick
Garage On-Site Yes
Parking Space/s
Rehab Year 2022
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Englewood
Corporate Limits Chicago
Directions Heading west on Marquette turn left on Carpenter to 69th St.
Elementary Sch Dist 299
Heat/Fuel None
High Sch Dist 299
Water Public
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Unfinished
Basement Partial
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 2
Full Baths in Building Count 2
Total Rooms 11
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 2250
Appliances And Features Stove, Refrigerator, Microwave, Oven/Built-in
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 7
Tenant Pays None
Floor Number 1
Square Feet 1000
unit 2
Beds Total 4
Baths Total 1
Actual Rent 3000
Appliances And Features Stove, Refrigerator, Microwave, Oven/Built-in
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 6
Tenant Pays None
Floor Number 2
Square Feet 1100
Property / Lot Details
Lot Dimensions 3,125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20204180400000
Special Assessments N
Taxes $1,950
Tax Year 2022
$380,000 Listing Price:
MLS # 12074733
Investment Profile Residential Income
Listing Market Time 22 days
Basement Partial
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 06/04/2024
Year Built 1909
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