4040 Calumet Avenue, Grand Boulevard, Chicago, Illinois 60653
$849,000
|
For Sale
|
|
| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1893 |
| Property Taxes: | $11,292 |
| Days On Market: | 34 |
| Lot Size: | 0,07 |
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1893 | |
| — | |
| — | |
| No | |
| 0.07 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12584754 | |
| 20031100401004 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Wells Preparatory Elementary Sch |
299 | — | |
|
Middle School
Wells Preparatory Elementary Sch |
299 | Not in DB | |
|
High School
Phillips Academy High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 16 Feb, 2018 | Sold | $170,000 | MRED MLS |
| 15 Nov, 2017 | Under contract | $167,500 | MRED MLS |
| 30 Oct, 2017 | Listed for sale | $167,500 | MRED MLS |
| 4 Nov, 2022 | Sold | $514,000 | MRED MLS |
| 15 Aug, 2022 | Under contract | $510,000 | MRED MLS |
| 11 Aug, 2022 | Listed for sale | $510,000 | MRED MLS |
| 13 Mar, 2026 | Listed for sale | $849,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| — | |
| — | |
| — | |
| — | |
| 25x129x25x129 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $4,547 |
| 2026 | $11,292 |
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