4040 S Calumet Avenue Chicago, IL $ 849,000
4040 S Calumet Avenue
$ 849,000
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4040 S Calumet Avenue

Chicago, IL, 60653
$ 849,000
Bedrooms8 Baths4.0

Monthly Estimate*

$ 5,227

4040 S Calumet Avenue, Chicago, IL 60653 - Image 1
4040 S Calumet Avenue, Chicago, IL 60653 - Image 2
4040 S Calumet Avenue, Chicago, IL 60653 - Image 3
4040 S Calumet Avenue, Chicago, IL 60653 - Image 4
4040 S Calumet Avenue, Chicago, IL 60653 - Image 5
4040 S Calumet Avenue, Chicago, IL 60653 - Image 6
4040 S Calumet Avenue, Chicago, IL 60653 - Image 7

Multi-Family Home for sale in Chicago, IL

for $849,000 with 8 bedrooms and 4 full baths. This home was built in 1893 on a lot size of 0.07.

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.

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Multi-Family Active

Price

$ 849,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 11,292

Style

Lot Size

0.07

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12584754

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1893
Township Hyde Park
Tax Year 2024
Ownership Fee Simple
Community Features Park Curbs Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 0
Status Active
Directions South on S. MLK Drive towards E. 41st make a right on E. 41st Street right on S. Calumet Avenue. Property on left.
High School Phillips Academy High School
City Chicago
High School District 299
MLS Area CHI - Grand Boulevard
Elementary School Wells Preparatory Elementary Sch
Tax Annual Amount 11292.07
Middle/Junior High School Wells Preparatory Elementary Sch
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 3
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Exterior
Lot Features Landscaped
Water Source Public
Total Parking 0
Lot Dimensions 25x129x25x129
Lot Size Acres 0.07
Waterfront Y/N N
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* Excluded Features
List By
Re/Max Top Performers

Broker

sophie@thejaneleeteam.com

Email

Affordability Calculator

$6,168
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,227
Monthly Property Taxes
$941
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5295694 Elementary School
5295694 Middle School
Phillips Academy High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2026$849,000 Listed Price

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4040 S Calumet Avenue, Chicago, IL, 60653 is a Multi-Family Home for sale at $849,000 with a lot size of 0.07. 4040 S Calumet Avenue has 8 bedrooms, 4.0 baths, and was built in 1893. The property's zip code is 60653 which is in Chicago, IL