4040 S Calumet Avenue, Chicago, IL 60653
- $799,000
- $849,000
Description
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.
- Listing Courtesy of: RE/MAX Top Performers
Details
Updated on June 27, 2026 at 10:16 pm-
Property ID MRD12584754
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Price $799,000
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Land Area 0.07 Acres
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Bedrooms 8
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Year Built 1893
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Property Type Multi Family
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Property Status Active
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Parcel Number 20031100401004
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Water Source Public
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Sewer Public Sewer
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MLS Status Active
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Days On Market 106
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Living Area 0.07
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Cumulative Days On Market 70
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Tax Annual Amount 11292.07
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Heating Natural Gas,Forced Air
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Directions South on S. MLK Drive towards E. 41st, make a right on E. 41st Street, right on S. Calumet Avenue. Property on left.
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Zoning MULTI
Address
Open on Google Maps- Address 4040 S Calumet Avenue
- City Chicago
- State/county IL
- Zip/Postal Code 60653
- Country United States
Overview
- Multi Family
- 8
- 1893
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