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$280,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • Updated 13 hours ago
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A strong value add opportunity for investors in Chicago's New City neighborhood. This multiunit building offers solid income potential with a 4BD/1BA second floor unit and a 3BD/1BA first floor unit, plus a full unfinished basement ideal for future expansion, storage, or additional revenue producing space. The property sits in a rental driven area with ongoing neighborhood improvements, making it a strategic choice for investors looking to reposition, rehab, or add to their portfolio. It qualifies for investor friendly financing options, including DSCR loans. All offers are welcome and subject to short sale/bank approval. Tenant occupied - tenants being conveyed with property.

Full Property Details for 5320 S Carpenter St

General

  • Price: $280,000
  • Taxes: $3,214 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12613659
  • Updated: 4/8/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Street Lights

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: Take I90/94 South, exit at 55B - 55th St/Gage Park. Turn right on 55th, right on Ashland, left on 53rd, then right on Carpenter. Building is on the left.

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
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1903
  • Tax Amount: $3,214.51
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Short Sale, In Foreclosure
  • Property ID: 20084170310000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 5320 S Carpenter St —

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NMLS#: 1598647

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NMLS#: 1598647

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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 ATTOM Data Solutions 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
4/08/2026
Listed
$280,000
60%
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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5320 S Carpenter Street, Chicago, IL 60609 (MLS# 12613659) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 5320 S Carpenter Street is currently listed for $280,000 and was received on April 08, 2026. This property is listed by Ericka Taylor from our La Grange Office.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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