3340 South Carpenter, Chicago IL 60608
Property Description
This fully renovated 7-unit brick building is 100% occupied and generates nearly $118,000 in annual gross rental income. Renovated top to bottom in 2017-2018, the property consists of six 1 Bed / 1 Bath units in the main building and 1 unit in the rear coach house-each featuring modern finishes such as stainless steel appliances, granite countertops, dishwashers, microwaves, updated bathrooms, central HVAC, and spacious layouts with ample storage. Tenants pay for their own gas and electric, while a coin-operated laundry room provides additional passive income. Major capital improvements-including a full tear-off roof, new electrical, and plumbing systems-ensure low maintenance costs and long-term durability. Located on a quiet, tree-lined street just two blocks from the Bridgeport Art Center, this property offers stable cash flow and long-term upside in one of Chicago's most desirable and appreciating neighborhoods. A true armchair investment-don't miss this rare opportunity!
Features & Information
Key Details
- List Price $1,125,000
- Property Taxes $11,211
- Price/ Sq. Ft. Unavailable
- Year Built 1900
- Status Active
Building Information
- Age of Building New Rehab
- Exterior Construction Brick
- Foundation Concrete
- Heating & Cooling Central Heat/Indiv Controls, Forced Air, Gas
Location
- County Cook
- Directions to Property Morgan & May St, West To Carpenter, South To 3340 On West Side Of Street.
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Property Taxes
- Tax 11211
- Parcel Identification Number 17322170820000
Listed by Brian Ruff for Coldwell Banker Real Estate Group | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 9/2/2025 4:32 PM. 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.

Explore Bridgeport
Age-old beauty and a rich history give Bridgeport an edge over many Chicago neighborhoods. Built on the backs of Irish, German, and Norwegian immigrants, Bridgeport is a stronghold of elegant working-class culture. Welcoming an even more diverse mix of residents today, the shopping, dining and culture here overflow with options for amazing international cuisine, independent boutiques and global festivals. And who could forget, Bridgeport is where the 2005 World Champion Chicago White Sox play their home games. (So don't expect to see many Cubs fans around these parts!) Any time the Sox hit a home run, fireworks shoot out from the stadium as the roar of the crowd serenades the colorful display.
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