Exceptional investment opportunity in the heart of historic Bronzeville. Welcome to 4040 S. Calumet Ave, a distinctive property offering classic Chicago architecture, beautifully updated interiors, outdoor space, and an outstanding location just minutes from downtown Chicago and the lakefront. Units are currently occupied, giving an investor the opportunity to acquire an established multifamily property with existing tenancy. The building features spacious living areas, contemporary kitchens, stainless steel appliances, modern cabinetry, hardwood flooring, updated baths, multiple rear decks, and a gated entry. The location adds tremendous appeal with convenient access to downtown Chicago, the Lake Michigan lakefront, McCormick Place, the Obama Presidential Center, Washington Park, the DuSable Black History Museum and Education Center, public transportation, major expressways, and the many cultural, dining, and recreational destinations surrounding historic Bronzeville. 4040 S. Calumet brings together the features investors want most: location, character, updated interiors, existing occupancy, outdoor space, and multifamily income potential. Opportunities like this deserve a closer look. Schedule your private showing and come see what 4040 S. Calumet has to offer.
Property Details
Price:
$749,000
MLS #:
MRD12753628
Status:
Active Under Contract
Beds:
7
Baths:
4
Type:
Multi Family
Neighborhood:
chigrandboulevard
Listed Date:
Sep 8, 2026
Year Built:
1893
See this Listing
Schools
School District:
299
Elementary School:
Wells Preparatory Elementary Sch
Middle School:
Wells Preparatory Elementary Sch
High School:
Phillips Academy High School
Interior
Heating
Natural Gas, Forced Air
Exterior
Community Features
Park, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Lot Features
Landscaped
Window Features
Screens
Financial
Tax Year
2024
Taxes
$11,292
Map
Community
- Address4040 S Calumet Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60653
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 07, 2026
1,349
Multi Family Listed
76
Avg DOM
$531,437
Avg List Price
Property Summary
- 4040 S Calumet Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60653. It is listed for $749,000
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Copyright 2026. All rights reserved.
4040 S Calumet Avenue
Chicago, IL


