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Kathryn (Kathy) Jensen

kjensen@chicagorea.com +1(773) 757-8864

$ 849,000

Est. payment | -/mo

8 Beds

4 Baths

3,049 Sqft Lot

Save

$ 849,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,049 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12584754

Bedrooms 8

Year Built 1893

Annual Tax Amount $11,292

Tax Year 2024

Lot Size 3,049 Sqft

Lot Dimensions 25x129x25x129

Property Sub-Type Two to Four Units

Property 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.

Location

State IL

County Cook

Area Chi - Grand Boulevard

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved

Building

Lot Description Landscaped

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Wells Preparatory Elementary Sch

Middle Schools Wells Preparatory Elementary Sch

High Schools Phillips Academy High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Sophie Beaudoin of RE/MAX Top Performers

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 757-8864

kjensen@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642, USA

4040 S Calumet AVE Chicago, IL 60653