ActivePrice Reduced

$799,000

$849,000
4040 Calumet Avenue, Chicago, IL 60653
8 Beds4 Baths70 days
4040 Calumet Avenue·Chicago, IL 60653
8Bedrooms
4Bathrooms
1893Year Built
About This Home

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.

MLS# 12584754Listed March 13, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms0

Size & Structure

Year Built1893
Lot Size0.070 acres

Location

CountyCook
TownshipHyde Park
Zip Code60653

Financial

List Price$799,000
Original Price$849,000
Annual Taxes (2024)$11,292
Monthly Tax Est.$941
Parcel #20031100401004
Interior Features

Heating

Natural GasForced Air

Basement

None
Exterior & Lot

Construction

Brick

Lot Features

Landscaped
Utilities & Parking

Sewer

Public Sewer

Water Source

Public
HOA & Community

Community Features

ParkCurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Wells Preparatory Elementary Sch
District: 299
Middle School
Wells Preparatory Elementary Sch
District: 299
High School
Phillips Academy High School
District: 299
Tax & Financial
Annual Taxes
$11,292
Tax Year 2024
Monthly Tax Est.
$941
per month
Price Reduced by $50,000
Original list price: $849,000
Property Location

4040 Calumet Avenue, Chicago, IL 60653Cook County

$799,000
4040 Calumet Avenue
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
70 days on market
0.070 acres
$11,292/yr taxes
Price reduced $50,000
$5,140
estimated monthly payment
Principal & Interest
$4,199/mo
Property Tax
$941/mo
$799,000
20% — $159,800
3%50%
6.875%
3%12%
Loan Amount
$639,200
Down Payment
$159,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
RE/MAX Top Performers
Agent: Sophie Beaudoin
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