BEDS8
BATHS4 full
MLS#12584754
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 299
Property 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.
Property Features
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
Local Schools
High School: Phillips Academy High School
Middle School: Wells Preparatory Elementary Sch
Elementary School: Wells Preparatory Elementary Sch
School District: District 299
Listed By / Shown By
Listed By
Agency Name: RE/MAX Top Performers
Agency Phone: 847-295-0800
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 3,078.13 per month $1,889.51 Principal & Interest $941.00 Property Tax $247.63 Homeowner's InsuranceChange Payment Information
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4040 S Calumet Avenue | MLS# 12584754
This multi-family property located at 4040 S Calumet Avenue, Chicago, IL 60653 is currently listed for sale with an asking price of $849,000. S Calumet Avenue is located within the District 299 school district. Search Chicago real estate on www.bhhscrosby.com today.