Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 3241 S. Carpenter St. (the “Property”), a six-unit multifamily investment opportunity ideally located in the heart of Chicago’s historic Bridgeport neighborhood.
Acquired in 2018, the Property has been well maintained, with various updates completed throughout the current ownership period. The building features a desirable unit mix of (2) garden-level 2 bed / 1 bath units, (2) 2 bed / 1 bath units, (1) 2 bed / 2 bath penthouse unit, and (1) 2 bed / 2 bath duplex-up penthouse unit.
The penthouse units feature updated kitchens and bathrooms, hardwood flooring, and in-unit laundry, while the remaining units offer standard rental finishes and are served by common laundry facilities. Additional property features include individual HVAC systems and hot water heaters, separately metered utilities, vinyl windows, and a recently replaced wood porch system. The detached two-car garage also provides a new owner with the opportunity to generate supplemental income.
The Property offers compelling value-add potential through mark-to-market rent growth, strategic unit renovations, and future garage income. This is an attractive opportunity for an investor or live-in owner to acquire a well-located multifamily asset in a low-density pocket of Bridgeport near nightlife, transit, retail, and restaurants.
⦿ Prime Bridgeport Location With Strong Rental Demand
⦿ Desirable All 2-Bed Unit Mix
⦿ Recent Capital Improvements
⦿ Significant Mark-to-Market Rent Upside
⦿ Value-Add Potential Through Unit Renovations and Garage Income