OFF MARKET

Off Market Jan 2023 for $1.5M

—

Est. refi paymentEst. refi $10,161/mo

•

6 ba

•

5,936

sq ft

721 S Carpenter St, Chicago, IL 60607

About this home

ATTRACTIVE WELL CARED FOR BRICK 6 UNIT ON A CUL-DE-SAC JUST STEPS AWAY FROM UIC. FULLY-RENTED BUILDING IN THE POPULAR TRI-TAYLOR / UNIVERSITY OF ILLINOIS AREA. LITTLE ITALY NEIGHBORHOOD IN THE HEART OF THE VIBRANT TAYLOR STREET RESTAURANTS, SHOPS AND AMENITIES. JUST MINUTES TO THE UIC MEDICAL DISTRICT, GREEK TOWN AND DOWNTOWN CHICAGO, WITH CONVENIENT PUBLIC TRANSPORTATION. NEW FRONT ROOF DECEMBER 2017. NEW REAR ROOF 2019. WATER, GARBAGE AND SCAVENGER PAID BY LANDLORD...GAS AND ELECTRICITY PAID BY TENANT. MONTHLY GROSS RENTAL INCOME IS $11,750 WITH A 5.97 CAP...EXCELLENT INVESTMENT OPPORTUNITY.

Multi-familyProperty Type

1890Year Built

2,524 sq ftLot Size

$264Price/Sq.Ft.

Listed by Kevin Burke • RE/MAX 10

Bought with Nicholas Atsaves • Cosmos Realty, Inc

Redfin checked: 4 minutes ago

•Source:MRED as Distributed by MLS Grid #11640861

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in Little Italy, IL

Last updated August 2026

Sale-to-List Price

98.1%

+1.2% MoM

Median sale price

$337K

$15K MoM

Avg. days on market

112d

7 days MoM

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12 MoM

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Provided by Redfin

Sale history for 721 S Carpenter St

Date

Event

Price

MRED as Distributed by MLS Grid #11640861

Jan 5, 2023

Sold (MLS) (Closed)

$1,570,000

$264/sq ft

Dec 16, 2022

Listing Removed

—

Sep 29, 2022

Listed

$2,000,000

$337/sq ft

MRED as Distributed by MLS Grid #10639344

Apr 7, 2020

Sold (MLS) (Closed Sale)

$1,275,000

$215/sq ft

Feb 22, 2020

Contingent

—

Feb 17, 2020

Listed (New)

$1,350,000

$227/sq ft

MRED as Distributed by MLS Grid #10472153

Sep 10, 2019

Listing Removed

—

Aug 2, 2019

Listed (New)

MRED as Distributed by MLS Grid #10314380

Aug 2, 2019

Listing Removed

—

May 23, 2019

Relisted (Reactivated)

—

Apr 3, 2019

Contingent

—

Mar 19, 2019

Listed (New)

Public Records

Jan 15, 2010

Sold

$692,500

$117/sq ft

MRED as Distributed by MLS Grid #07212966

Nov 19, 2009

Contingent

—

Sep 2, 2009

Price Changed (Price Change)

$135/sq ft

Aug 4, 2009

Relisted (Reactivated)

—

Jul 14, 2009

Contingent

—

May 11, 2009

Listed

$143/sq ft

Public Records

Apr 6, 2005

Sold

$550,000

$93/sq ft

Public Records

Sep 22, 2004

Sold

$500,000

$84/sq ft

** Price available after signing in.

Year

Property tax

Land + Additions

Assessment*

2023

$21,482 (+0.1%)

$11,358 + $90,108

$101,466

2022

$21,456 (−5.9%)

$11,358 + $92,602

$103,960

2021

$22,798 (+46.2%)

$11,358 + $101,642

$113,000

2020

$15,593 (−1.3%)

$8,581 + $61,184

$69,765

2019

$15,802 (−2.4%)

$8,581 + $69,807

$78,388

2018

$16,187 (+47.0%)

$8,581 + $73,100

$81,681

2017

$11,009 (+7.8%)

$7,572 + $43,392

$50,964

2016

$10,207 (+9.3%)

$7,572 + $43,392

$50,964

2015

$9,338 (+6.5%)

$7,572 + $43,392

$50,964

2014

$8,770 (+2.0%)

$6,310 + $40,958

$47,268

2013

$8,596 (−24.9%)

$6,310 + $40,958

$47,268

2012

$11,444 (+6.1%)

$6,310 + $57,464

$63,774

2011

$10,788 (−0.4%)

$8,581 + $57,994

$66,575

2010

$10,833 (+4.4%)

$8,581 + $57,994

$66,575

2009

$10,381 (+4.3%)

$8,581 + $57,994

$66,575

2008

$9,953 (−11.3%)

$9,490 + $59,894

$69,384

2007

$11,219

$9,490 + $69,504

$78,994

Tax history for 721 S Carpenter St

Year

Property tax

Land + Additions

Assessment*

2023

$21,482 (+0.1%)

$11,358 + $90,108

$101,466

2022

$21,456 (−5.9%)

$11,358 + $92,602

$103,960

2021

$22,798 (+46.2%)

$11,358 + $101,642

$113,000

2020

$15,593 (−1.3%)

$8,581 + $61,184

$69,765

2019

$15,802 (−2.4%)

$8,581 + $69,807

$78,388

2018

$16,187 (+47.0%)

$8,581 + $73,100

$81,681

2017

$11,009 (+7.8%)

$7,572 + $43,392

$50,964

2016

$10,207 (+9.3%)

$7,572 + $43,392

$50,964

2015

$9,338 (+6.5%)

$7,572 + $43,392

$50,964

2014

$8,770 (+2.0%)

$6,310 + $40,958

$47,268

2013

$8,596 (−24.9%)

$6,310 + $40,958

$47,268

2012

$11,444 (+6.1%)

$6,310 + $57,464

$63,774

2011

$10,788 (−0.4%)

$8,581 + $57,994

$66,575

2010

$10,833 (+4.4%)

$8,581 + $57,994

$66,575

2009

$10,381 (+4.3%)

$8,581 + $57,994

$66,575

2008

$9,953 (−11.3%)

$9,490 + $59,894

$69,384

2007

$11,219

$9,490 + $69,504

$78,994

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2,524 Sq. Ft.

Year renovated

—

Sq. Ft.

5,936

Year built

1889

Style

Multi-Family (2-4 Unit)

County

Cook County

APN

17174120360000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 11, 2026.

RM-5

Residential Multi-Unit District 5

The RM5 districts are intended to accommodate multi-unit residential buildings. The RM5 district differs from the RM5.5 district only in terms of the maximum building height allowed. Applicable height limits in RM5 generally limit buildings to a maximum of 3.5 to 4 stories structures.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Bed & breakfast
Educational / school

Property details

Interior

Equipment
# Of Ranges: 6
# Of Washers: 2
# Of Dryers: 2

Unit Type 1 Information
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,350
Monthly Income Max: $1,350

Unit Type 2 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,600
Monthly Income Max: $1,600

Unit Type 3 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,600
Monthly Income Max: $1,600

Unit Type 4 Information
# of Rooms: 6
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $2,200
Monthly Income Max: $2,200

Unit Type 5 Information
# of Rooms: 6
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $2,200
Monthly Income Max: $2,200

Unit Type 6 Information
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $2,800
Monthly Income Max: $2,800

Exterior

Building Information
# of Units: 6
Exterior Building Type: Brick
Built Before 1978 (Y/N): Yes
Foundation Details: Concrete Perimeter
Construction Materials: Brick

Property Information
Property Type: Multi Family 5+
Conversion (Y/N): N
Parcel Number: 17174120360000

Lot Information
Dimensions: 2524
Frontage Type: City Street
Zoning: MULTI

Financial

Tax Information
Tax Annual Amount: $15,593
Tax Year: 2020

Financial Information
Finance Code: Cash
Gross Rent Multiplier: 11.2
Total Monthly Income: $11,970
Gross Income: $11,750

Utilities

Heating & Cooling
Heat/Ventilation: Central Bldg Heat
Cooling: Window Unit(s)

Location

Location Information
Township: West Chicago
Directions: E/W ON TAYLOR TO CARPENTER. N TO BUILDING

Public facts

Beds: 12
Baths: 4.0
Sq. Ft.: 5,936
Stories: 3.0
Lot Size: 2,524 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1889
Year Renovated: —
County: Cook County
APN: 17174120360000

Home facts updated by county records on Jul 10, 2026

Other

Expense Information
Water Sewer Expense: $1,840
Water Expense Source: Actual
Trash Expense: $2,556
Insurance Expense: $4,197

Listing Information
Possession: Closing

Around this home

Schools

Smyth J Elementary School

Public PreK-8 • Assigned • 0.5mi

2/10

Wells Community Academy High School

Public 9-12 • Assigned • 2.0mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 99° expected this year, 14 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Chicago, IL • 60607

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

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VIDEO TOUR

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Home values near 721 S Carpenter St

Data from public records.

Address	Redfin Estimate
717 South Carpenter St Apt D, Chicago, IL 3 Beds \| 2 Baths \| 1404 Sq. Ft.	$536,094
717 South Carpenter St, Chicago, IL 3 Beds \| 2 Baths \| 1711 Sq. Ft.	$627,166

Address	Redfin Estimate
723 South Carpenter St, Chicago, IL 11 Beds \| 9 Baths \| 4369 Sq. Ft.	$827,750
701 South Carpenter St Apt E, Chicago, IL 2 Beds \| 1.5 Baths \| - Sq. Ft.	$481,848

Address	Redfin Estimate
725 South Carpenter St, Chicago, IL 3 Beds \| 1.5 Baths \| 1095 Sq. Ft.	$503,689
1027 West Vernon Park Pl Apt A, Chicago, IL 2 Beds \| 1.5 Baths \| 1266 Sq. Ft.	$456,399

Property information provided by MRED as Distributed by MLS Grid when last listed in 2022. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in Little Italy, IL

Sale history for 721 S Carpenter St

Tax history for 721 S Carpenter St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60607

Home values near 721 S Carpenter St

More real estate resources