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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.
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
Monthly Cost Estimate
$4,541/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4040 S Calumet Avenue
Chicago, IL 60653
Property Details
Construction
Heating
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.












