4040 S Calumet Avenue
Chicago, IL, 60653
$799,000
8 Beds
4 Baths
0 SqFt
0.07 Acres
Add
MLS #MRD12584754 image #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.

Property Details

Price:
$799,000
MLS #:
MRD12584754
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chigrandboulevard
Listed Date:
Mar 13, 2026
Year Built:
1893
Chi – Grand BoulevardChigrandboulevardWells Preparatory Elementary SchWells Preparatory Elementary SchPhillips Academy High School

Ask a Question

See this Listing

Send
  

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

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 10, 2026
1,380
Multi Family Listed
80
Avg DOM
$526,613
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 $799,000

Similar Listings Nearby

broker reciprocity
MLS# MRD12605996broker reciprocity
1113 S Racine Avenue
Chicago, IL

$1,025,000

3.8 miles away

broker reciprocity
MLS# MRD12532533broker reciprocity
5644 S Prairie Avenue
Chicago, IL

$1,005,000

2.0 miles away

broker reciprocity
MLS# MRD12650574broker reciprocity
5643 S Prairie Avenue
Chicago, IL

$999,000

2.0 miles away

broker reciprocity
MLS# MRD12554102broker reciprocity
5637 S Prairie Avenue
Chicago, IL

$999,000

2.0 miles away

broker reciprocity
MLS# MRD12578896broker reciprocity
5809 S Indiana Avenue
Chicago, IL

$997,000

2.2 miles away

broker reciprocity
MLS# MRD12627280broker reciprocity
5642 S Prairie Avenue
Chicago, IL

$975,000

2.0 miles away

broker reciprocity
MLS# MRD12603994broker reciprocity
6711 S PAXTON Avenue
Chicago, IL

$975,000

4.1 miles away

broker reciprocity
MLS# MRD12663579broker reciprocity
2611 W 21 Street
Chicago, IL

$935,000

4.3 miles away

broker reciprocity
MLS# MRD12649597broker reciprocity
6500 S Ingleside Avenue
Chicago, IL

$930,000

3.2 miles away

broker reciprocity
MLS# MRD12628999broker reciprocity
6508 S Ingleside Avenue
Chicago, IL

$930,000

3.2 miles away

4040 S Calumet Avenue
Chicago, IL