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Listing provided courtesy of RE/MAX Top PerformersMREDas Distributed by MLSGrid- MLS# 12584754MLS Provider

4040 S Calumet AvenueChicago, IL 60653

Multi-Family · 8 Beds · 0.07 Acres
$799,000 Active

4040 S Calumet Avenue Overview

Time on Site:
75 days
Visits:
0

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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4040 S Calumet Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.07 Acres

Details

General

School Information

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

Building Information

  • New Construction: No
  • Year Built: 1893

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Grand Boulevard
  • Township: Hyde Park

Community/Development

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $11,292.07
  • Tax Year: 2024

General Information

  • New Construction: No
  • Ownership: Fee Simple
  • Parcel Number: 20031100401004
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 4

General Information

  • Basement: None
  • Heating: Natural Gas, Forced Air
  • Rooms Total: 0
  • Window Features: Screens

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Dimensions: 25x129x25x129
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 2400
  • Beds Total: 4
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1950
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1950
  • Beds Total: 2
  • Baths Total: 1

4040 S Calumet Avenue Neighborhood

Community

60653 (Chicago) Demographics

35
Median Age
11,237
Population Density (per sq. mile)
43%
College Educated
$34,621
Estimated Median Income
4,433
Estimated Total Home Owners
11,501
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4040 S Calumet Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4040 S Calumet Avenue Market Data

Based on the last 30 days in this zip code

$441,347
Average List Price
$226
Average Price per Square Foot
14
Properties Sold
48
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

4040 S Calumet Avenue History

Date Event Value Agent
5/20/2026Source: MRED Status Change
Active
5/15/2026Source: MRED Price Reduction
$799,000 -5.9%
5/15/2026Source: MRED Status Change
Price Change
4/15/2026Source: MRED Added to Database
April 15, 2026
11/4/2022Source: MRED Status Change
Closed
8/15/2022Source: MRED Status Change
Contingent
8/11/2022Source: MRED Added to Database
August 11, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022