4240 S Calumet Avenue
Chicago, IL, 60653
$1,705,000
7 Beds
5 Baths
0 SqFt
0 Acres
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MLS #MRD12673264 image #0
7.5 CAP Breathe Rare Air. The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards with over 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset in the Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwavering commitment to excellence. From intelligent design choices to extensive renovations and improvements that prioritize durability, modernity, and lifestyle, they ensured no detail is overlooked. Their approach integrates a long-term vision with a hands-on philosophy, balancing aesthetic appeal and functionality while fostering strong tenant communities. A rare opportunity to obtain a sizeable AAA turnkey footprint from the best of the best. Welcome to 4240-42 S Calumet set in well located Dynamic Bronzeville 1/4 block to Green Line , Pendalton Park, 2 blocks to the future 100M Bronzeville Trail connecting to Chicago’s world class Lakefront offering a stately elegant masonry and limestone fully stabilized center entrance side by side 6 residential units + 8 gated parking spaces spanning 50 feet of frontage. Originally developed as condominiums, the development team de converted and completed an extensive renovation and notable documented capital improvements offering abundant choice for numerous investment objectives. Craftsman designed iron fencing, inspired botanical garden park like setting rivaling arboretum status, zoned irrigation system inclusive of grounds controlled by phone app, cobbled granite pavers, edging banded in Cor-ten steel often used for monumental sculptures like Chicago’s Picasso, exotic tree placards emulating the Botanical Gardens listing the origin, name and year planted. Intelligent expansive and diverse floorplans, unit mix offering includes: (2) extraordinary 4-bedroom 3 bath duplexes which live like single family homes, (4) expansive exceptional 3 bedroom 2 baths all with generous open flow, exposed brick, crown molding, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, heated floors, composite rear decking, common area hotel caliber, intricate mill work and professional grade art offer a coveted branded lifestyle and a soft sampling of the exhausting list of unit features. 127,872.17 NOI Please see brokers private remarks for additional scalable opportunities.

Property Details

Price:
$1,705,000
MLS #:
MRD12673264
Status:
Active
Beds:
7
Baths:
5
Type:
Commercial
Neighborhood:
chigrandboulevard
Listed Date:
Jun 10, 2026
Year Built:
1900
Chi – Grand BoulevardChigrandboulevard

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Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Stone
Stories
3

Financial

Maintenance Fee
$5,491
Net Operating Income
$127,872
Tax Year
2024
Taxes
$14,773

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Jun 21, 2026
912
Commercial Listed
187
Avg DOM
$989,305
Avg List Price

Property Summary

    4240 S Calumet Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60653. It is listed for $1,705,000

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4240 S Calumet Avenue
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