3241 S Carpenter Street Chicago, IL ^$ 975,000

3241 S Carpenter Street

^$ 975,000

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3241 S Carpenter Street

Chicago, IL, 60608

^$ 975,000

Bedrooms6 Baths0.0

Monthly Estimate*

^$ 6,156

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Multi-Family Home for sale in Chicago, IL

for $975,000 with 6 bedrooms. This home was built in 1910.

Prime Bridgeport investment opportunity! Well-maintained six-unit property featuring all 2-bedroom apartments, including two garden units and a 2-bed/2-bath duplex-up penthouse. Top-floor units offer in-unit laundry and dishwashers. Highlights include individual HVAC and water heaters, separately metered utilities, vinyl windows, a recently replaced wood porch system, and a two-car garage with income potential. Ownership is currently replacing the roof. With rents below projected market levels, the property offers compelling value-add potential or the opportunity to operate as-is while pursuing significant rental-income growth.

Multi-Family Active

Price

^$ 975,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 11,429

Style

Year Built

1910

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12742059

Features

General

Cooling Central Air

Zoning MULTI

Construction Materials Brick

Year Built 1910

Electric Circuit Breakers Separate Meters

Tenant Pays Air Conditioning Electricity Heat

Stories Count 3

Township South Chicago

Tax Year 2024

Gross Income 90600

County Cook

Net Operating Income 67642

Operating Expense 22958

Insurance Expense 2648

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 2700

Status New

Directions MORGAN TO 32ND PLACE WEST TO CARPENTER SOUTH TO 3241. 32ND PLACE (NOT STREET) IS THE ONLY WAY TO FIND IT.

City Chicago

Number Of Units Total 6

MLS Area CHI - Bridgeport

Tax Annual Amount 11429

Electric Expense 539

Fuel Expense 0

Trash Expense 1980

Water Sewer Expense 2770

Additional Parcels Y/N N

Standard Status Active

Cap Rate 6.94

Interior

Basement None

Exterior

Lot Dimensions 25 X 125

* Excluded Features

List By

Compass

Broker

Adam.max@ranorth.com

Affordability Calculator

$7,109

Per Month

Monthly Principal & Interest: $6,156
Monthly Property Taxes: $952
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$638,635

Percent of Sale Price 34%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/25/2026	$975,000		Listed Price

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3241 S Carpenter Street, Chicago, IL, 60608 is a Multi-Family Home for sale at $975,000. 3241 S Carpenter Street has 6 bedrooms, 0.0 baths, and was built in 1910. The property's zip code is 60608 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 8/26/2026.

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3241 S Carpenter Street

Multi-Family Home for sale in Chicago, IL

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