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10-Unit Apartment Building
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7655 S Carpenter St, Chicago, IL 60620

Multifamily property featuring refreshed interiors, exterior porches, and separate GFA service for each unit.

Property SizeContact for details
Days on Market143

Property Features for 7655 S Carpenter St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 8 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 10

Additional Details

Asking Price $570,000
Listing Agency: EGP Realty
Listed By: Scott Siegel, MBA · License #471011328
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:07AM

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 EGP Realty

Investment Insights

Based on property information with market context.

This 10-unit apartment property includes eight one-bedroom/one-bath residences and two two-bedroom/one-bath residences. Interior and exterior improvements include newer kitchen and bathroom finishes, porches, and doors. Each apartment has separate GFA service, and two tenants use CHAC assistance.

The property is located at 7655 S Carpenter St in Chicago, Illinois 60620. Its unit mix combines predominantly one-bedroom apartments with two larger two-bedroom residences, creating a straightforward multifamily configuration for ownership and management. The stated tenant assistance and individual GFA arrangements provide additional operating detail for prospective buyers evaluating the building.

Key Highlights

  • 10‑unit apartment building with 8 one‑bedroom/one‑bath units and 2 two‑bedroom/one‑bath units
  • Newer kitchen and bathroom finishes, porches, and doors
  • Separate GFA service for all units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop

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

Lease Details

10
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

739
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
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 - Multifamily property featuring refreshed interiors, exterior porches, and separate GFA service for each unit.
Where is this apartment building located?
The property is located at 7655 S Carpenter St Chicago, IL.
What are key features of this property?
This property features: 10‑unit apartment building with 8 one‑bedroom/one‑bath units and 2 two‑bedroom/one‑bath units; Newer kitchen and bathroom finishes, porches, and doors; Separate GFA service for all units
More about this property
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