1331 W Carmen Avenue

Chicago, Illinois 60640

Exceptional value-add opportunity in the highly coveted Andersonville/Uptown neighborhood. Situated on an oversized 40' x 138' lot, this classic six-unit brick building presents a compelling multifamily asset with substantial potential for renovation, repositioning, or total redevelopment. This is an increasingly rare opportunity to acquire a building of this size in one of Chicago's most desirable, resilient, and high-demand rental markets. The location offers incredible walkability- just minutes from the vibrant Andersonville dining scene and shopping district, prized for its mix of individual entrepreneurs and established retailers. Transportation is equally strong, with the CTA Red Line, Metra, Lake Shore Drive, and cycling infrastructure-plus ready access to Chicago's lakefront and its recreational amenities. The property is surrounded by well-maintained vintage apartment buildings, single-family homes, and ongoing neighborhood enhancements. This prime location continues to attract both discerning investors and long-term residents. It is an exceptional prospect for investors, owner-occupants, or developers seeking to create value and increase income potential. Please note: Buyers should anticipate a comprehensive renovation. All parties are encouraged to conduct their own due diligence regarding the building's condition and redevelopment potential. The property is being offered strictly as-is.