7241 S Carpenter StreetChicago, IL 60621




INVESTOR SPECIAL! Massive value-add opportunity on this oversized brick bungalow with 6 bedrooms, 3 full bathrooms, finished attic, and finished basement - priced WELL below market value with strong upside potential. Situated on a quiet residential street. Estimated ARV: $250K-$300K. This property offers multiple levels of finished living space and strong income potential for savvy investors, rehabbers, and landlords. Main level features 2 bedrooms, a full bath, family room, dining room, kitchen, and a dedicated laundry room. Finished attic includes 2 additional bedrooms and full bath. Finished basement includes a second kitchen area, 2 bedrooms, storage closet and full bath - ideal for extended living arrangements or maximizing rental potential. Recent improvements include: Front family room windows replaced in 2024 New Water heater installed January 2024. Solid brick construction. Functional layout. Tremendous equity potential. Property is tenant occupied. Tenant will terminate lease at closing but may require short post-closing possession. Sold AS-IS. Seller will make no repairs. A cash sale is preferred.
| 5 hours ago | Listing updated with changes from the MLS® | |
| 7 hours ago | Listing first seen on site |
Based on information submitted to the MLS GRID as of 2026-05-21 02:31 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-05-21 02:31 PM UTC
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