4040 S Calumet Avenue
Chicago, IL, 60653 $ 749,000
Bedrooms7 Baths4.0 Monthly Estimate*
$ 4,729
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.
See more
FeaturesGeneralSewer 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
See more
InteriorBasement None
Total Bedrooms 7
Total Baths 4
Bedrooms Possible 7
Full Baths Building 4
Half Baths Building 0
Total Number of Units 3
See more
ExteriorLot Features Landscaped
Water Source Public
Total Parking 0
Lot Dimensions 25x129x25x129
Lot Size Acres 0.07
Waterfront Y/N N
See more
* Excluded FeaturesList ByRe/Max Top PerformersBroker
sophie@thejaneleeteam.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $634,652
Percent of Sale Price 15%
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.
5295694 Elementary School
5295694 Middle School
Phillips Academy High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/8/2026 | $749,000 | | Listed Price |