4040 S Calumet Avenue
Chicago, IL, 60653
$849,000
8 Beds
4 Baths
0 SqFt
0.07 Acres
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$849,000
4040 S Calumet Avenue
Chicago, IL, 60653
MLS #MRD12584754 image #0MLS #MRD12584754 image #1MLS #MRD12584754 image #2MLS #MRD12584754 image #3MLS #MRD12584754 image #4MLS #MRD12584754 image #5MLS #MRD12584754 image #6
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 Details

Price:
$849,000
MLS #:
MRD12584754
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chigrandboulevard
Listed Date:
Mar 13, 2026
Year Built:
1893
Chi – Grand BoulevardChigrandboulevardWells Preparatory Elementary SchWells Preparatory Elementary SchPhillips Academy High School

Schools

School District:
299
Elementary School:
Wells Preparatory Elementary Sch
Middle School:
Wells Preparatory Elementary Sch
High School:
Phillips Academy High School

Interior

Heating
Natural Gas, Forced Air

Exterior

Community Features
Park, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Lot Features
Landscaped
Window Features
Screens

Financial

Tax Year
2024
Taxes
$11,292
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Apr 19, 2026
1,381
Multi Family Listed
78
Avg DOM
$511,737
Avg List Price

Community

Subdivisions in Chicago

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Property Summary

    4040 S Calumet Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60653. It is listed for $849,000 To schedule a showing of MLS#mrd12584754 at 4040 S Calumet Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
4040 S Calumet Avenue
Chicago, IL