4240 S Calumet Avenue
Chicago, IL, 60653 $ 1,705,000
Bedrooms7 Baths0.0 Monthly Estimate*
$ 10,498
for $1,705,000 with 7 bedrooms. This home was built in 1900 on a lot size of 0.149059.
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.
See more
FeaturesGeneralCooling Central Air
Possession Closing Tenant's Rights
Zoning MULTI
Construction Materials Brick Stone
Year Built 1900
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Other Hot Water
Stories Count 3
Township Hyde Park
Tax Year 2024
Current Use Multi-Family
Gross Income 191424
County Cook
Net Operating Income 127872
Operating Expense 46153
Insurance Expense 11262
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 5491
Possible Use Condominium
Status New
Directions KING DR TO 43 ST W TO CALUMET N TO ADDRESS.
City Chicago
Number Of Units Total 6
MLS Area CHI - Grand Boulevard
Lot Size Square Feet 6493
Tax Annual Amount 14772.67
Electric Expense 1021
Fuel Expense 0
Trash Expense 2585
Water Sewer Expense 3542
Ok to Lease 12 Months
Additional Parcels Y/N N
Standard Status Active
Cap Rate 7.5
See more
ExteriorFoundation Details Concrete Perimeter
Lot Dimensions 50 X 129.85
Frontage Type City Street
See more
* Excluded FeaturesList ByNorth Clybourn Group, Inc.Broker
karen@northclybourngroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,498
- Monthly Property Taxes
- $1,231
- 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $625,853
Percent of Sale Price 63%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/10/2026 | $1,705,000 | | Listed Price |