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823 S Carpenter St 2 Unit Apartment Building $862,037 CAD ($431,019 CAD/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.?
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Property Facts
| Price | $862,037 CAD | Building Class | C |
| Price Per Unit | $431,019 CAD | 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 | $862,037 CAD |
| Price Per Unit | $431,019 CAD |
| 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 | $177,545 CAD | |
| Land Assessment | $38,619 CAD | Total Assessment | $216,165 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$38,619 CAD
Improvements Assessment
$177,545 CAD
Total Assessment
$216,165 CAD
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823 S Carpenter St
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