923 S Carpenter St - Apartments FOR SALE


Chicago, IL 60607- University Village
$1,625,000 USD
630-379-7464
923 S Carpenter St, Chicago, IL for Sale
$1,625,000 USD
Apartments - FOR SALE
1/30
null | 7.15% Cap Rate

923 S Carpenter St
Chicago, IL 60607
University Village


HIGHLIGHTS

  • Summer lease ends with rental upside
  • Heavy student demand - 2 blocks from UIC campus
  • Updated units - Hardwood floors, quartz, stainless steel appliances, in unit W/D, Central A/C
  • Desirable unit mix 5, 2 & 3 Bedroom layouts
  • Minimal Common area expense

OVERVIEW

The Axon Group has been exclusively engaged to market for sale 923 S. Carpenter- a turn-key 5-unit apartment building located in Chicago’s highly desirable Little Italy neighborhood. This property was gut renovated in recent years and boasts bright, sun-filled units with generous floor plans. The buildings offer a well balanced unit mix of 5 bed, 3 bed, and 2 bedroom apartments. Located only blocks from UIC where enrollment grew in 2024 and continues to draw high quality and consistent tenants to the area. Vacancy is never a concern in this centrally located neighborhood with proximity to schools, downtown, restaurants and public transportation. New owner has the opportunity to leverage a turn key asset with rental upside in a booming location.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

5

PRICE/UNIT

$325,000

CAP RATE

7.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turn Key 5 unit | 2 blocks from UIC | 7% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,359 SF

ZONING

-

APN/PARCEL ID

17-17-420-028-0000

ASK ABOUT THIS PROPERTY

Jake FugmaneXp RealtyMore Info
630-379-7464

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Jake FugmaneXp RealtyMore Info
630-379-7464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.