$400,000
5341 S Calumet Avenue
Chicago, IL, 60615
WASHINGTON PARK – FOR SALE: Exceptional value-add opportunity in Chicago’s Washington Park neighborhood. This 6-unit building features six (3BD/1BA) apartments, all currently vacant and ready for a full gut rehab. Once renovated, the property offers significant rental upside with strong demand and income potential for 3-bedroom units in the area. The layout also provides an opportunity to add two garden apartments. Key features include two 2-car garages and a sizable backyard lot. Ideally located minutes from the University of Chicago, public transit, and ongoing neighborhood development projects. Perfect for investors or developers seeking a high-upside reposition.
Property Details
Price:
$400,000
MLS #:
MRD12491804
Status:
Active Under Contract
Beds:
3
Baths:
1
Type:
Commercial
Neighborhood:
chiwashingtonpark
Listed Date:
Oct 9, 2025
Year Built:
1907
Schools
Interior
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$9,036
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 Commercial in Chicago as of Nov 08, 2025
1,093
Commercial Listed
169
Avg DOM
147
Avg $ / SqFt
$1,054,939
Avg List Price
Community
- Address5341 S Calumet Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60615
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Property Summary
- 5341 S Calumet Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60615. It is listed for $400,000 To schedule a showing of MLS#mrd12491804 at 5341 S Calumet Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
5341 S Calumet Avenue
Chicago, IL
