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4040 S Calumet Avenue Chicago, IL 60653

$849,000
Active / MLS# 12584754 / Multi Unit - Multiple / Chicago
8 Beds
4 Baths

Exceptional investment opportunity in the heart of historic Bronzeville. This fully renovated three-unit building at 4040 S. Calumet Ave offers investors a rare turn-key asset with strong income and long-term appreciation potential. The property has undergone a complete rehabilitation in recent years, with significant updates throughout the building. Each unit is currently rented at above-market rents, providing immediate cash flow and stable tenancy for the new owner. The building has been well-maintained and updated, making it an ideal low-maintenance addition to an investment portfolio. With continued development and rising demand in Bronzeville, this property is well-positioned to benefit from long-term neighborhood growth and increasing property values. Located just minutes from downtown Chicago, residents enjoy easy access to public transportation, major expressways, and nearby amenities, including Washington Park, the Lake Michigan lakefront, and the DuSable Black History Museum and Education Center. The property is being sold in as-is condition and represents a rare opportunity to acquire a stabilized multi-unit in one of Chicago's most dynamic and rapidly appreciating neighborhoods.

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Baird & Warner Kim Kelly-Lerner Agent Cell: 630.636.8618 Email

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Estimated Payment

$ 3,075.29 per month $1,886.67 Principal & Interest $941.00 Property Tax $247.63 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: None
Heating: Natural Gas, Forced Air
Lot Size: 0.07 Acres
Taxes: $11,292
Year Built: 1893

Feature Descriptions

Exterior: Brick
Lot: Landscaped
Lot Dimensions: 25x129x25x129
Parcel#: 20031100401004
Sewer: Public Sewer
Total Rooms: 0
Township: Hyde Park
Water: Public

Schools

High School: Phillips Academy High School
Middle School: Wells Preparatory Elementary Sch
Elementary School: Wells Preparatory Elementary Sch
School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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Listing Office: RE/MAX Top Performers

Listing Office Phone: 847-295-0800



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