UPDATE SHOWINGS allowed upon request. TENANT VACATING 6/20. 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 and vacate before. Sold AS-IS. A cash sale is strongly preferred.
Est. $1,905 per month, based on comparable rentals
Sale and tax history for 7241 S Carpenter St
Sale History
Tax History
Date
Event
Price
MRED as Distributed by MLS Grid #12654542
Jun 23, 2026
Sold (MLS) (Closed)
$80,000
$40/sq ft
Jun 3, 2026
Pending
—
May 21, 2026
Listed (Active)
$99,900
$50/sq ft
MRED as Distributed by MLS Grid #12647902
May 21, 2026
Listing Removed
—
May 13, 2026
Listed (Active)
*
MRED as Distributed by MLS Grid #12643373
May 13, 2026
Listing Removed
—
May 9, 2026
Listed (Active)
*
MRED as Distributed by MLS Grid #10963825
Jan 13, 2021
Listing Removed
—
Jan 5, 2021
Listed (Temporarily No Showings)
*
MRED as Distributed by MLS Grid #10945524
Jan 4, 2021
Listing Removed
—
Dec 2, 2020
Listed (New)
*
MRED as Distributed by MLS Grid #07958353
Jul 5, 2012
Sold (MLS) (Closed Sale)
$11,000
$6/sq ft
Dec 27, 2011
Contingent
—
Dec 10, 2011
Listed (New)
$9,900
$5/sq ft
MRED as Distributed by MLS Grid #07910714
Nov 28, 2011
Listing Removed
—
Oct 27, 2011
Price Changed (Price Change)
*
Sep 25, 2011
Listed (New)
*
Year
Property tax
Land + Additions
Assessment*
2023
$1,160 (+2.6%)
$938 + $5,863
$6,801
2022
$1,131 (+2.3%)
$2,031 + $3,468
$5,499
2021
$1,106 (−15.6%)
$2,031 + $3,468
$5,499
2020
$1,311 (−0.2%)
$2,343 + $3,541
$5,884
2019
$1,314 (+1.7%)
$2,343 + $4,195
$6,538
2018
$1,291 (−45.1%)
$2,343 + $4,195
$6,538
2017
$2,350 (+7.5%)
$2,031 + $8,887
$10,918
2016
$2,187 (+9.3%)
$2,031 + $8,887
$10,918
2015
$2,000 (+42.9%)
$2,031 + $8,887
$10,918
2014
$1,400 (−11.7%)
$1,875 + $5,672
$7,547
2013
$1,586 (+1.3%)
$1,875 + $6,847
$8,722
2012
$1,565 (−16.4%)
$1,875 + $6,847
$8,722
2011
$1,871 (−0.4%)
$2,343 + $9,204
$11,547
2010
$1,879 (+4.4%)
$2,343 + $9,204
$11,547
2009
$1,801 (−2.5%)
$2,343 + $9,204
$11,547
2008
$1,846 (+1.0%)
$2,374 + $10,497
$12,871
2007
$1,828
$2,374 + $10,497
$12,871
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1.5
Lot width
—
Lot depth
—
Lot size
3,125 Sq. Ft.
Year renovated
—
Sq. Ft.
1,120
Year built
1923
Style
Single Family Residential
County
Cook County
APN
20292110150000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
RS-3
Residential Single-Unit (Detached House) District
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Property details
Parking
Parking Information
# of Parking (Total): 2
Parking Features: Owned
Interior
Bathroom Information
# of Baths (Full): 3
Basement Bathrooms (Y/N): Yes
Bedroom Information
# of Bedrooms: 4
# of Bedrooms Possible: 6
# of Bedrooms (Below Grade): 2
Room Information
Room Type: Bedroom 5
Level: Basement
Dimensions: 10 x 10
Room Information
Room Type: Bedroom 6
Level: Basement
Dimensions: 10 x 10
Room Information
Room Type: Bedroom 2
Level: Second
Dimensions: 11 x 11
Room Information
Room Type: Bedroom 3
Level: Main
Dimensions: 11 x 10
Room Information
Room Type: Bedroom 4
Level: Main
Dimensions: 11 x 11
Room Information
Room Type: Dining Room
Level: Main
Dimensions: 12 x 13
Room Information
Room Type: Family Room
Room Information
Room Type: Kitchen
Level: Main
Dimensions: 10 x 11
Room Information
Room Type: Laundry
Room Information
Room Type: Living Room
Level: Main
Dimensions: 12 x 15
Room Information
Room Type: Master Bedroom
Level: Second
Dimensions: 12 x 14
Bath: None
Additional Rooms Information
Attic: Finished
Basement: Finished, Full
Interior Features
# of Rooms: 9
Exterior
Building Information
Living Area Source: Estimated
Age: 100+ Years
Built Before 1978 (Y/N): Yes
Construction Materials: Brick
Property Information
Property Type: Detached Single
Property Type: 1.5 Story
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2012
Parcel Number: 20292110150000
Lot Information
Dimensions: 25X125
Lot Size: Less Than .25 Acre
Financial
Tax Information
Tax Annual Amount: $1,160
Tax Year: 2023
Financial Information
Finance Code: Cash
Special Service Area: N
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas
Location
Homeowners Association Information
Master Association Fee Frequency: Not Required
School Information
Elementary School District: 299
Middle Or Junior School District: 299
High School District: 299
Location Information
Township: South Chicago
Corporate Limits: Chicago
Directions: 71st e/w to Carpenter (1000west)to carpenter south to address
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,120
Stories: 1.5
Lot Size: 3,125 square feet
Style: Single Family Residential
Year Built: 1923
Year Renovated: —
County: Cook County
APN: 20292110150000
Home facts updated by county records on Sep 16, 2026
Other
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: No
Around this home
Schools
Stagg Elementary School
Public PreK-8 • Assigned • 0.2mi
4/10
Provided by GreatSchools
Climate risks
4/10 Flood Factor
Estimated 19-29% chance 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 100° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60621
Average low and high temperatures (°F)
30
18
39
25
54
36
61
44
67
52
80
65
85
71
81
67
79
62
68
52
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
61/ 100
Moderate sunlight
Sunscore
This home receives average direct sun exposure in Chicago. There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
2.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$256,000 – $309,000
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