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$110,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 7 Total Beds
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An incredible investor opportunity awaits in Chicago's vibrant New City neighborhood! This multi-unit property, primed for a significant value-add transformation, features a spacious second-floor unit with four bedrooms and one bathroom, alongside a generous first-floor unit offering three bedrooms and one bathroom. A full, unfinished basement provides ample potential for expansion or additional amenity space, allowing for creative vision and maximizing future rental income. Situated in an area with a strong rental market and ongoing community revitalization initiatives, this property is ideally priced for advantageous financing, including DSCR loans. While it requires substantial work, the upside for a savvy investor is immense in this burgeoning location. All offers are welcome and are subject to short sale/foreclosure approval. Tenant occupied 24-hour notice.

Full Property Details for 5320 S Carpenter St

General

  • Price: $110,000
  • Taxes: $2,110 (2023)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12417488
  • Updated: 7/12/2025
  • Added to Site: 232 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 7

Location

  • Area: CHI - New City
  • County: Cook
  • Township: Lake
  • Driving Directions: If driving from downtown, take I-90/94 (Dan Ryan Expy) South, then exit at 55B for 55th St/Gage Park. Turn right onto W 55th St, then right onto S Ashland Ave. Next, turn left onto W 53rd St, and finally make a right onto S Carpenter St; your destination will be on the left. For public transit, take the CTA Red Line south to Garfield Station, then transfer to the 55 Garfield bus heading west. Exit at Ashland & 53rd St, walk south on Ashland to W 53rd St, turn west on W 53rd St, and then turn right onto S Carpenter St.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Stone
  • Exterior Const.: Stone
  • Basement: Yes
  • Basement Desc.: Unfinished, Full, Walk-Out Access
  • Year Built: 1903
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 124

Financial Considerations

  • Assessment Year: 1903
  • Tax Amount: $2,110
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Short Sale, In Foreclosure
  • Property ID: 20084170310000

Listed by Elux Real Estate Corporation

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Listing agent

— 5320 S Carpenter St —

  • Elux Real Estate Corporation

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5320 S Carpenter St

School District:Chicago Public School District 299
NameGradesDistance
Sherman School of Excellence
1000 West 52nd Street, Chicago, IL 60609
PK-80.2 mi
Tilden Career Communty Academy High School
4747 South Union Avenue, Chicago, IL 60609
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5320 S Carpenter St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2025
Listed
$110,000
-37.14%
MLS
8/18/2020
Sold
$175,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5320 S Carpenter St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,110
3%
$10,000
—
2022
$2,057
2%
$10,000
—
2021
$2,011
21%
$10,000
34%
2020
$1,663
-4%
$7,464
-13%
2019
$1,724
2%
$8,580
—
2018
$1,695
-49%
$8,580
-44%
2017
$3,324
8%
$15,440
—
2016
$3,092
9%
$15,440
—
2015
$2,829
11%
$15,440
12%
2014
$2,549
2%
$13,740
—
2013
$2,499
1%
$13,740
—
2012
$2,466
—
$13,740
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Elux Real Estate Corporation

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Listed by Natalie Carpenter (773) 430-4869

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5320 S Carpenter Street, Chicago, IL 60609 (MLS# 12417488) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 5320 S Carpenter Street is currently listed for $110,000 and was received on July 10, 2025. Want to learn more about 5320 S Carpenter Street? Do you have questions about finding other Multi-Family real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

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