This two-flat building is a fantastic opportunity for investors looking for a larger rehab project, but what an opportunity it is on a beautiful cul-de-sac block. The property offers solid brick construction and a full basement, providing a great foundation for your renovation ideas. Both units boast open layouts with ample living space. This property presents a unique chance to create a customized living space or a profitable rental investment in a vibrant and growing community. Located in the Auburn Gresham neighborhood, this property is close to several amenities. Nearby Foster Park offers green spaces and recreational facilities, perfect for outdoor activities. The area is well-served by public transportation, with easy access to bus routes and the nearby 79th Street Red Line station. Great opportunity to have your tenants help cover your mortgage (and more!) while this neighborhood continues to gain value. Seller welcomes buyer brokers.
Property Details
Property Features
Property Information:
Year Built: 1913
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (312) 981-5500
Listing Agent: Matthew Shrake
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Total Bedroom Count: 5
Utilities
Utilities Information:
Heating: Natural Gas
Other
Directions Information:
Directions: 80th St (8000S) to Carpenter St (1130W), south to this great property at 7940 S Carpenter St
Price Information
Listing Price Info
Price Summary:
List Price: $137,500
Tax Information:
Annual Amount: $1,866
Tax Year: 2019
What can I afford?
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Housing Market Comparison
See how this home compares to others in Chicago, IL.
This property is $222.8K less than the Median Sold Price in Chicago, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12203402
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (312) 981-5500
Listing Agent: Matthew Shrake
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Cics - Loomis Primary Campus
9535 S Loomis St
Distance between this listing and this school2.04 miles
Public Charter Grades KG-2
5
/10
Brownell Elementary School
6741 S Michigan Ave
Distance between this listing and this school2.15 miles
Public District Grades PK-6
4
/10
Pirie Fine Arts and Academic Center Elementary School
650 E 85th St
Distance between this listing and this school2.25 miles
Public District Grades KG-6
Nearby Schools
4
/10
Oglesby Elementary School
7646 S Green St
Distance between this listing and this school0.44 miles
Public District Grades PK-8
5
/10
Cuffe Math-Science Technology Academy Elementary School
8324 S Racine Ave
Distance between this listing and this school0.51 miles
Public District Grades KG-8
5
/10
Cook Elementary School
8150 S Bishop St
Distance between this listing and this school0.56 miles
Public District Grades PK-8
Nearby Schools
3
/10
Simeon Career Academy High School
8147 S Vincennes Ave
Distance between this listing and this school0.85 miles
Public District Grades 9-12
1
/10
Cics - Ralph Ellison Campus
1817 W 80th St
Distance between this listing and this school0.97 miles
Public Charter Grades 9-12
2
/10
Noble St Charter-Hansberry College Preparatory - Silver
8748 S Aberdeen St
Distance between this listing and this school1.03 miles
The neighbors living near this home have an average income of $23,509. Residents of Chicago, IL typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7940 S Carpenter St
What is the listing price of this property?
The listing price of 7940 S Carpenter St property is $137,500.
What type of property is this?
The property 7940 S Carpenter St is a house located in Chicago, Illinois, 60620.
Is this property for sale now?
Active Listing: 7940 S Carpenter St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $1,866 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 8, 2019 for $66,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 7940 S Carpenter St has 5 bedrooms and 2 bathrooms.
Which year was this property built?
The year of construction for 7940 S Carpenter St is 1913.
This home is located at 7940 S Carpenter St in Chicago, IL and zip code 60620 in the Far Southwest Side neighborhood. This home was built in 1913. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $137,500.
Over 539 listings were sold over their listed price in October 2024 in Chicago, IL. In the same period over 919 listings were sold below the listed price and 337 listings were sold for the listed price. In October 2024 in Chicago, IL there were 14.5% more homes for sale than in September 2024. In October 2024 median list price was $360,336 and the average listing age was 32 days.
From Rocket Homes Real Estate and based on county public records data.