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7241 S Carpenter Street, Chicago, IL 60621

$99,900

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  • 4 BedroomBeds
  • 3 BathroomBaths
  • 2,000Sqft
  • 0Acres
  • Single FamilyType
  • ActiveStatus
  • 12654542MLS#
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Property Description 7241 S Carpenter Street, Chicago, IL, 60621

*HIGHEST & BEST DUE MON 5/25 BY 4PM, PREFERRED IF IN BY SUN NIGHT! UPDATE SHOWINGS allowed upon request. 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 possesion-unless we give her enough time I.e 30 days. Sold AS-IS. A cash sale is strongly preferred.



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Property Details 7241 S Carpenter Street, Chicago, IL, 60621

  • On Market Date: 05/21/2026
  • Year Built: 1920
  • Sq. Ft.: 2,000
  • MLS#: 12654542
  • Type: Single Family
  • Status: Active
  • Price: $99,900
  • City: Chicago
  • State: IL
  • Zip: 60621
  • County: Cook
  • Price Per Sq Ft: $50
  • Development: NO
  • Date Last Updated: 05/24/2026

Bedrooms

  • Beds: 4

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Yes
  • Pool: NO
  • Water: Public
  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Cooling: None

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