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4522 S Calumet Avenue, Chicago, IL 60653

$995,000
  • 4522 S Calumet Avenue, Chicago, IL 60653 Main Photo

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Active
BEDS0 BATHS SQUARE FEET5,238 MLS#12606788
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Investor alert in Bronzeville. Solid 6-unit brick apartment building located at 4522 S. Calumet Ave offering strong in-place income with clear upside. The property features two spacious 3BD/1.5BA units and four 2BD/1BA units, totaling approximately 6,600 SF on a 6,000 SF lot. The building underwent a full permitted renovation in 2014, including updated plumbing, electrical, porches, masonry repairs, and interior upgrades, providing investors with a solid operational foundation. Currently, fully-occupied, this asset presents a classic Bronzeville value-add opportunity with simple cosmetic updates like refinished floors, fresh paint, and kitchen improvements offer the ability to push rents toward market levels and unlock additional NOI. Additional highlights include individual heating systems, individual hot water tanks, and three on-site parking spaces. Tenants pay gas and electric, helping keep operating costs predictable. Positioned in one of Chicago's fastest-evolving neighborhoods, the property sits near CTA Green and Red Lines, Interstate 90 access, Illinois Institute of Technology, the University of Chicago, and a growing list of retail and lifestyle amenities fueling continued demand. Stable building. Strong unit mix. Real upside. Opportunities like this in Bronzeville don't stay available long.

4522 S Calumet Avenue | MLS# 12606788

This multi-family property located at 4522 S Calumet Avenue, Chicago, IL 60653 is currently listed for sale with an asking price of $995,000. Search Chicago real estate on www.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.11 Acres
Stories: 3.0
Taxes: $12,716
Year Built: 1880

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Brick
Frontage Type: City Street
HVAC: Central Heat/Indiv Controls, Forced Air
Lot Dimensions: 129.5 x 36.5
Parcel#: 20033160280000
Tenant Pays: Electricity, Heat
Units: 6
Utilities: Sewer Connected, Cable Available

Listed By / Shown By

Listed By

Agency Name: @properties Commercial
Agency Phone: 312-337-0200

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Estimated Payment

$ 3,564.31 per month $2,214.44 Principal & Interest $1,059.67 Property Tax $290.21 Homeowner's Insurance

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