LKV Realty
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$799,000
$3,900Reward *
4040 S Calumet Avenue, Chicago, IL 60653Listing ID 12584754

4040 S Calumet Avenue, Chicago, IL 60653

Active
CHI - Grand Boulevard
Time on site: 156 daysLast updated: Jul 15, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
8
Bathrooms
Bathrooms
4
Acres
Acres
0.07
Days on Site
Days on Site
103
Heating
Heating
Natural Gas, Forced Air
Year Built
Year Built
1893

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.

Property Information

Property Details

Location

Address
4040 S Calumet Avenue
County
Cook
City
Chicago
Zip Code
60653
Subdivision
CHI - Grand Boulevard
School District
299
High School
Phillips Academy High School
Elementary School
Wells Preparatory Elementary Sch
MLS Area
CHI - Grand Boulevard

Interior Features

Beds and Baths

Bedrooms
8

Building

Building Information

Year Built
1893
Construction
Brick

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$11,292
Tax Year
2024
RE/MAX Top Performers, (847) 295-0800

Market Report for 60653

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 16 Aug 2026, 06:31 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD47282