4040 S Calumet Avenue Chicago, IL $ 749,000
4040 S Calumet Avenue
$ 749,000
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4040 S Calumet Avenue

Chicago, IL, 60653
$ 749,000
Bedrooms7 Baths4.0

Monthly Estimate*

$ 4,729

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Multi-Family Home for sale in Chicago, IL

for $749,000 with 7 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. Welcome to 4040 S. Calumet Ave, a distinctive property offering classic Chicago architecture, beautifully updated interiors, outdoor space, and an outstanding location just minutes from downtown Chicago and the lakefront. Units are currently occupied, giving an investor the opportunity to acquire an established multifamily property with existing tenancy. The building features spacious living areas, contemporary kitchens, stainless steel appliances, modern cabinetry, hardwood flooring, updated baths, multiple rear decks, and a gated entry. The location adds tremendous appeal with convenient access to downtown Chicago, the Lake Michigan lakefront, McCormick Place, the Obama Presidential Center, Washington Park, the DuSable Black History Museum and Education Center, public transportation, major expressways, and the many cultural, dining, and recreational destinations surrounding historic Bronzeville. 4040 S. Calumet brings together the features investors want most: location, character, updated interiors, existing occupancy, outdoor space, and multifamily income potential. Opportunities like this deserve a closer look. Schedule your private showing and come see what 4040 S. Calumet has to offer.

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Multi-Family Active

Price

$ 749,000

Bedrooms

7

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

12753628

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 New
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 7
Total Baths 4
Bedrooms Possible 7
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

$5,670
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,729
Monthly Property Taxes
$941
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
9/8/2026$749,000 Listed Price

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4040 S Calumet Avenue, Chicago, IL, 60653 is a Multi-Family Home for sale at $749,000 with a lot size of 0.07. 4040 S Calumet Avenue has 7 bedrooms, 4.0 baths, and was built in 1893. The property's zip code is 60653 which is in Chicago, IL