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Six-Unit Apartment Building
For Sale
$975,000

3241 S Carpenter Street, Chicago, IL 60608

Well-maintained multifamily property with varied apartment layouts, separate utility metering, and a two-car garage.

Property SizeContact for details
Days on Market9

Property Features for 3241 S Carpenter Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Taxes and HOA fees

Annual Taxes $11,429

Building Details

Year Built 1910
Listing Agency: Compass
Listed By: Adam Max · License #471022028
Source: Harkinsandassociates
Added: Aug 25 Changed: Aug 31 Last Checked: Aug 31 at 9:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This six-unit apartment building includes all two-bedroom apartments, with two garden units and a two-bedroom, two-bath duplex-up penthouse. Top-floor residences feature in-unit laundry and dishwashers. Individual HVAC systems, dedicated water heaters, separately metered utilities, and vinyl windows support unit-level operations. A recently replaced wood porch system and a two-car garage are also part of the property, with the garage offering income potential.

Built in 1910, the property is currently undergoing roof replacement. Existing rents are below projected market levels, providing an opportunity to pursue rental-income growth or continue operating the building in its current condition.

Key Highlights

  • Six two‑bedroom apartments, including two garden units and a duplex‑up penthouse
  • Penthouse includes two bedrooms and two bathrooms
  • Top‑floor units have in‑unit laundry and dishwashers

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Accounting Firm Carpet & Flooring Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,670
Businesses Nearby

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained multifamily property with varied apartment layouts, separate utility metering, and a two-car garage.
Where is this apartment building located?
The property is located at 3241 S Carpenter Street Chicago, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Six two‑bedroom apartments, including two garden units and a duplex‑up penthouse; Penthouse includes two bedrooms and two bathrooms; Top‑floor units have in‑unit laundry and dishwashers
More about this property
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