4235 S Calumet Avenue
Chicago, IL, 60653
$2,900,000
Beds
0 Baths
0 SqFt
0 Acres
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$2,900,000
4235 S Calumet Avenue
Chicago, IL, 60653
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Breathe Rare Air. The finest portfolio of properties in Bronzeville is available for sale for the first time. The Bronzeville Collection, from developers with 45 years of experience, hits all the metrics for a turn-key acquisition – intelligent designs, durable renovations, functionality, and strong resident communities with a history of high renewal rates and low delinquencies. Future owners will possess immediate value, combined with long-term rental growth. Intimate, Exclusive, Boutique Masonry 8-unit residential Mid-Rise elevator building with 10 gated parking spaces, spanning 62 feet of frontage set in an exceptionally well-located site within 1/4 block of the Green Line and Pendleton Park. Built as condominiums in 2008, the development team de-converted to luxury boutique housing, with upgraded interior and exterior common elements and living spaces. Capital improvements included, but were not limited, to the following: a) intricate artesian sculptured iron fencing; b) botanic garden; c) zoned irrigation system inclusive of grounds and parkway, controlled by an app; d) common area art and lighting; e) downspout & gutter heaters; e) extensive masonry upgrades. The unit mix is as follows: (1) 4 bedroom, 2 1/2 bath duplex; (1) 3 bedroom, 2 1/2 bath duplex; (6) 3- bedroom, 2 bath flats. Refined living includes the following: a) professional grade kitchens; b) under-cabinet lighting; c) gas fireplaces; d) multiple terraces front and rear; e) walk-in closets; f) resort inspired primary bathrooms with dual sinks, soaking tubs and separate showers; g) individual HVAC; h) in-unit, full-size washers and dryers; i) double-hanging stainless-steel closets organizers; j) window treatments; k) dimmers, designer lighting, premium mill work and more.175,473 NOI. Please see broker private remarks for further scaling opportunities.

Property Details

Price:
$2,900,000
MLS #:
MRD12275768
Status:
Active
Beds:
0
Baths:
0
Address:
4235 S Calumet Avenue
Type:
Commercial
Neighborhood:
CHI – Grand Boulevard
City:
Chicago
Listed Date:
Jan 22, 2025
State:
IL
ZIP:
60653
Year Built:
2008

Schools

Interior

Cooling
Central Air
Fireplaces Total
8

Exterior

Construction Materials
Brick, Block

Financial

HOA Includes
None
Net Operating Income
$175,473
Tax Year
2023
Taxes
$17,757
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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4235 S Calumet Avenue
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