Brookline Real Estate is pleased to present 823 S. Carpenter Street, a fully leased two-unit investment property in Chicago's Little Italy/University Village neighborhood. The property contains two four-bedroom, one-bath apartments and totals approximately 2,656 square feet. Located within the UIC campus and near the Illinois Medical District, Taylor Street, public transportation and downtown Chicago. The property offers immediate income in a highly desirable, supply-constrained rental market. Additional financial and property information is available in the sales brochure. Proof of funds and pre-approval required. Showing to start Friday afternoon at 12 PM. There may be overlap in showings.
Multi-familyProperty Type
1878Year Built
2,500 sq ftLot Size
2 spacesParking
Listed by William Lundy• Brookline Real Estate LLC
Little Italy, located between the University of Illinois Chicago campus and the West Loop, is a historic and walkable Chicago neighborhood with classic brick flats and a restaurant-lined main drag. The neighborhood’s character concentrates along Taylor Street near Racine Avenue, where old-school Italian eateries, espresso counters, and corner bakeries keep the sidewalks busy. Community pillars include the National Italian American Sports Hall of Fame, the Italian American Museum of Chicago, and Rosebud on Taylor. Tree-lined blocks mix greystones, two-flats, and newer mid-rises, giving the streetscape a layered look. Arrigo Park and the surrounding courts add a daily rhythm of pick-up games and festivals. CTA Blue Line access at UIC-Halsted links the area to downtown and O’Hare.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Interior features
12 total rooms
Unfinished full basement
Bedrooms
8 bedrooms total
Each unit includes 4 bedrooms
Bathrooms
2 full bathrooms building total
Each unit has 1 full bathroom
Kitchen
Stove
Refrigerator
Laundry & utility
Tenant pays electric, gas, and heat (for units)
Heating & cooling
Natural gas heating
Exterior features
Lot dimensions approximately 25 x 100
Less than 0.25 acre lot
Zoned MULTI
Home design
Two- to four-unit building
Fee simple ownership
More than 100 years old
Built before 1978
Parking
2 parking spaces (total)
Construction
Frame construction
Utilities
Water source: Lake Michigan and public
Public sewer
Financial info
Gross annual income reported at $63,000
Other
Building contains 2 units
Some 3-bedroom units present
Example unit rents: $2,500 per unit with $400 security deposit and leases through July 1, 2027
Reported annual taxes (2023) and operating expenses available but excluded from this list
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
17174200120000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 23, 2026.
RT-4
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service
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)
31
17
39
25
55
36
62
45
68
53
81
66
85
72
81
68
79
64
68
53
52
40
38
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
50/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.7 hrs
2.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 823 S Carpenter St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $430,000 and $905,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $430K to $905K.