4040 S Calumet Avenue, Chicago, IL 60653
4040 S Calumet Avenue, Chicago, IL 60653
4040 S Calumet Avenue, Chicago, IL 60653
18
See all 18 photos
Listed by Sophie Beaudoinof RE/MAX Top Performers
$799,000
Est. payment /mo
Save
8 Beds
3,049 Sqft Lot
Price Dropped by $50K

4040 S Calumet Avenue Chicago, IL 60653

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Patrick Clarke

Patrick Clarke

+1(708) 691-4052

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12584754

Bedrooms 8

Year Built 1893

Annual Tax Amount $11,292

Tax Year 2024

Lot Size 3,049 Sqft

Lot Dimensions 25x129x25x129

Property Sub-Type Two to Four Units

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.

Location

State IL

County Cook

Community Park, Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

View Y/N true

Building

Lot Description Landscaped

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Wells Preparatory Elementary Sch

Middle Schools Wells Preparatory Elementary Sch

High Schools Phillips Academy High School

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) VOW
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.

NEARBY SCHOOLS & PROPERTIES

Go tour this home

4040 S Calumet Avenue

GET MORE INFORMATION

Patrick Clarke
Patrick Clarke

Broker | License ID: 471.007683

+1(708) 691-4052

9755 W. 143rd St., Park, IL., 60462

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Patrick Clarke, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.