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Rare Little Italy/University Village multifamily investment opportunity at 827 S Carpenter Street. The property features five residential units, approximately 4,575 SF of building area on a 2,500 SF lot, and RT-4 zoning. Ideally located near UIC, Taylor Street, the Illinois Medical District, public transportation, restaurants, and neighborhood amenities. Strong rental history with additional income from on-site coin laundry. All units are currently leased through July 31, 2027. City of Chicago Certificate of Zoning Compliance reflects five dwelling units. Property is being sold subject to existing leases. Please do not disturb tenants. Proof of funds or pre-approval required prior to scheduling showings. Buyer to independently verify zoning, unit configuration, square footage, and all property information.

Highlights

  • Commercial Sale
  • Multi Family
  • Built in 1989
  • 0.06 Acre Lot
  • 55 days on Market

  • Year Built
    1989
  • Stories
    3.0
  • Construction Materials
    Brick
  • Cooling
    Central Air

  • Acres
    0.06
  • Utilities
    Sewer Connected


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Frequently Asked Questions

How do I schedule a tour of 827 S Carpenter St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 827 S Carpenter St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 827 S Carpenter St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,450,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Chicago, and can even get you in to see the property quickly.

How do I get a virtual tour of 827 S Carpenter St?

Yes! A virtual tour is available for 827 S Carpenter St. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 827 S Carpenter St?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 827 S Carpenter St at around $9,227. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 827 S Carpenter St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Cook County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 827 S Carpenter St?

In most cases, yes. Whether 827 S Carpenter St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Chicago's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 827 S Carpenter St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Chicago and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,450,000 with 4,575 sqft of space—that comes out to approximately $317 per square foot.

How long has this property been on the market?

827 S Carpenter St was listed on September 13, 2026, which means it's been on the market for 55 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1989, making it approximately 37 years old.

What is the lot size of this property?

827 S Carpenter St sits on a 0.06-acre lot, which is 2,614 square feet.

What are the property taxes for 827 S Carpenter St?

The most recent public record shows annual property taxes for 827 S Carpenter St were approximately $16,378. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 827 S Carpenter St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 07, 2026 at 06:34PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12758488