5319 S Calumet Avenue
Chicago, IL, 60615
$800,000
12 Beds
6 Baths
0 SqFt
0 Acres
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$800,000
5319 S Calumet Avenue
Chicago, IL, 60615
MLS #MRD12560849 image #0MLS #MRD12560849 image #1MLS #MRD12560849 image #2MLS #MRD12560849 image #3MLS #MRD12560849 image #4MLS #MRD12560849 image #5MLS #MRD12560849 image #6MLS #MRD12560849 image #7MLS #MRD12560849 image #8MLS #MRD12560849 image #9MLS #MRD12560849 image #10MLS #MRD12560849 image #11MLS #MRD12560849 image #12MLS #MRD12560849 image #13
Strategic Investment Opportunity: 4-Unit Value-Add Near Obama Center Unlock Immense Appreciation in a Growing Tech & Cultural Hub Position yourself at the forefront of Chicago’s South Side revitalization with this high-yield 4-unit property. Perfectly situated “right up the street” from the landmark Obama Presidential Center, which is confirmed to open in June 2026. This is a rare “blank canvas” opportunity to capitalize on a neighborhood where home values have already increased since the project’s announcement. Key Investment Highlights: INCOME POTENTIAL: Rare 4-unit configuration featuring a legal two-bedroom basement garden suite, maximizing your rental yield. SIGNIFICANT CAPEX ALREADY COMPLETED: Heavy lifting is done with a new roof, new front columns, and a new balcony. All exterior doors, the back porch, and the secure sliding gate are less than 2 years old. “BLANK CANVAS REHAB: The interior is ready for a complete modern transformation, allowing you to build immediate equity through renovations tailored to high-demand rental trends. PREMIER LOCATION: Benefit from the massive economic boom expected to draw tens of thousands of visitors annually to the surrounding Woodlawn and South Shore areas. “When it opens in June, this place will be spectacular!” REVIEW FROM A GOOGLE USER about Barack Obama presidential library SEIZE THE OPPORTUNITY TO DOUBLE YOUR EQUITY before the global spotlight hits. Schedule a walkthrough today to see the potential for yourself.

Property Details

Price:
$800,000
MLS #:
MRD12560849
Status:
Active
Beds:
12
Baths:
6
Type:
Multi Family
Neighborhood:
chiwashingtonpark
Listed Date:
Feb 4, 2026
Year Built:
1910
Chi – Washington ParkChiwashingtonpark

Schools

School District:
299

Interior

Heating
Forced Air, Radiant

Exterior

Construction Materials
Brick
Parking Features
Yes
Parking Spots
6

Financial

Tax Year
2023
Taxes
$6,370
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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 Feb 06, 2026
1,209
Multi Family Listed
94
Avg DOM
$464,393
Avg List Price

Community

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Property Summary

    5319 S Calumet Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60615. It is listed for $800,000 To schedule a showing of MLS#mrd12560849 at 5319 S Calumet Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
5319 S Calumet Avenue
Chicago, IL