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About This Home

This 8-bedroom, 4-bathroom residential multi family at 4040 S Calumet Avenue in Chicago, IL is listed for $849,000. Built in 1893, on a 0.07 acres lot.

Agent Description

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.

Key Features

  • Built in 1893
  • 0.07 acre lot

Property Details

4 full
1893

Monthly Cost Estimate

$4,541/mo

20% down · 6.5% · 30 years

Principal$614
Interest$3,679
Insurance$248

Estimates only. Actual payments may vary.

Location

4040 S Calumet Avenue

Chicago, IL 60653

Property Details

Construction

Brick

Heating

Natural GasForced Air

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 4040 S Calumet Avenue is listed at $849,000. The estimated monthly payment is $3,679 based on 20% down at 6.5% interest.

Key features include: Built in 1893, 0.07 acre lot.

This property is listed by Sophie Beaudoin and can be reached at (847) 295-0800 or sophie@thejaneleeteam.com.

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Sophie Beaudoin

Agent at RE/MAX Top Performers

(847) 295-0800

Listed by RE/MAX Top Performers · View on Broker Site

MLS# 12584754· Source: listhub· Updated 35 days ago

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4040 S Calumet Avenue, Chicago, IL 60653

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