7241 South Carpenter, Chicago IL 60621
Property Description
*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.
Features & Information
Key Details
- List Price $99,900
- Property Taxes $1,160
- Square Feet 2000
- Price/ Sq. Ft. $49.95
- Year Built 1920
- Parking Type Space/s
- Status New
Rooms
- Total Rooms 9
- Basement F
-
Master Bedroom
- Master Bath N
- Room Size 12X14
-
Bedroom 2
- Room Size 11X11
- Floor Level 2nd Level
-
Bedroom 3
- Room Size 11X10
- Floor Level Main Level
-
Bedroom 4
- Room Size 11X11
- Floor Level Main Level
-
Living Room
- Room Size 12X15
- Floor Level Main Level
-
Dining Room
- Room Size 12X13
- Floor Level Main Level
-
Kitchen
- Room Size 10X11
- Floor Level Main Level
-
Basement
- Basement Description Finished
- Bathroom(s) in Basement Y
Additional Rooms
-
Additional Room 1
- Additional Room 1 Name 5th Bdrm
- Additional Room Size 10X10
- Additional Room Level Basement
-
Additional Room 2
- Additional Room 2 Name 6th Bdrm
- Additional Room Size 10X10
- Additional Room Level Basement
Interior Features
-
Heating & Cooling
- Heating Type Gas
- Air Conditioning None
Exterior Features
-
Building Information
- Age of Building 100+ Years
- Exterior Construction Brick
-
Parking
- Parking Space/s
- # of Cars 2
Location
- County Cook
- Township South Chicago
- Corporate Limits Chicago
- Directions to Property 71st E/w To Carpenter (1000west)to Carpenter South To Address
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 1160
- Tax Year 2023
- Tax Exemptions None
- Parcel Identification Number 20292110150000
-
Lot Information
- Dimensions 25X125
- Acreage 0.0717
Utilities
- Sewer Sewer-Publ
Listed by: Village Realty, Inc. | Phone: 708.478.1212
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 5/27/2026 12:02 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 Englewood
Englewood has seen its share of both good fortune and hard luck over the years. Englewood Station was once a stop on the premier New York Central Railroad Line, and had one of the hottest shopping districts in the city. Unfortunately it suffered when many of the once-prominent industries, such as the railroad, left the community. Lately, though, there is a resurgence of interest in Englewood, as developers realize some of the hidden assets of the area, including convenient access to public transportation and expressways, loads of public parkland, and affordable housing. Not to mention free music concerts and outdoor films in the neighborhood's parks during the warm weather months.
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