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32 Properties Within 0.5 miles of: 4040 S Calumet, Chicago

4040 S Calumet
Chicago, IL 60653

  • 8 Beds
  • Built In 1893
Price

$849,000

Est Payment
$5,176 / month (details)  
Taxes
$11,292  
Beds
8  
Rooms
0  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
25x129x25x129  
Built
1893  
Neighborhood
Bronzeville  
MLS
#12584754
Status
Active (33 days)

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.

Property Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Schools
Phillips Academy High School (299), Wells Preparatory Elementary Sch (299), Wells Preparatory Elementary Sch (299)

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

03-13-2026 Listed at $849,000
Last Modified 4/15/26 12:51 PM

Nearby Transportation

  • Bus 3 0.1 mi
  • Bus 39 0.1 mi
  • Bus 43 0.3 mi
  • Bus 29 0.4 mi
  • Bus 24 0.6 mi
  • Bus 4 0.6 mi
  • Bus 35 0.7 mi
  • Bus 1 0.7 mi
  • Bus 47 0.8 mi
  • Bus 31 0.8 mi
  • Bus 15 1.1 mi
  • Bus 51 1.1 mi
  • Bus 44 1.1 mi
  • Rock Island 0.9 mi
  • Green Line 0.1 mi
  • Red Line 0.9 mi
  • I 90 West 0.6 mi
  • I 94 West 0.6 mi
  • I 90 East 0.7 mi
  • I 94 East 0.7 mi
  • I 55 North 1.6 mi
  • I 55 South 1.6 mi
  • I 290 East 3.6 mi
  • I 290 West 4.3 mi
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