Brookline Real Estate is pleased to present 827 S.? Carpenter Street, a fully occupied five-unit multifamily investment property located in Chicago’s highly desirable Little Italy / University Village neighborhood.?
The approximately 4,575-square-foot property offers investors immediate in-place income with all five units currently leased through July 31, 2027.? The property generated approximately $133,271 in historical annual income and $103,369 in net operating income, representing an approximately 7.13% cap rate at the $1,450,000 asking price.?
Additional features include on-site coin laundry, two off-street parking spaces and a City of Chicago Certificate of Zoning Compliance reflecting five dwelling units.? The property is well positioned near UIC, the Illinois Medical District, restaurants, retail, public transportation and Downtown Chicago.?
827 S.? Carpenter provides an opportunity to acquire a stabilized, income-producing multifamily asset in one of Chicago’s established near-downtown neighborhoods.?