4040 S Calumet Avenue, Chicago, IL

$849,000

Overview

  • 257598
  • Property ID
  • Updated On:
  • April 15, 2026
  • 8
  • Bedrooms
  • 4
  • Bathrooms
  • 0 ft2
  • Property Lot Size

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.

Bathrooms
3+
Bedrooms
5+
Climate Control
Heating
Garden
Yes
Other Features
Brick
Curbs
Forced Air
Landscaped
Natural Gas
Park
Public
Public Sewer
Screens
Sidewalks
Street Lights
Street Paved

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$4,352.99
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 3,291.74

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Information for the property at 4040 S Calumet Avenue, Chicago, IL, 60653 (Property ID: 257598) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi