Real Estate Agent Linda Dunn

Linda Dunn REALTOR®

(815) 397-4040
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4040 S Calumet Avenue, Chicago, IL 60653

$799,000
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  • 4040 S Calumet Avenue, Chicago, IL 60653 Main Photo

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Price Change Price Reduced by $50,000 on May 15th, 2026
BEDS8 BATHS4 full MLS#12584754
STATUSPrice Change PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299
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Property 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.

4040 S Calumet Avenue | MLS# 12584754

This multi-family property located at 4040 S Calumet Avenue, Chicago, IL 60653 is currently listed for sale with an asking price of $799,000. S Calumet Avenue is located within the District 299 school district. Search Chicago real estate on lindadunn.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Heating: Natural Gas, Forced Air
Lot Size: 0.07 Acres
Taxes: $11,292
Year Built: 1893

Feature Descriptions

Exterior: Brick
Lot: Landscaped
Lot Dimensions: 25x129x25x129
Parcel#: 20031100401004
Sewer: Public Sewer
Total Rooms: 0
Township: Hyde Park
Water: Public

Local Schools

High School: Phillips Academy High School
Middle School: Wells Preparatory Elementary Sch
Elementary School: Wells Preparatory Elementary Sch
School District: District 299

Listed By / Shown By

Listed By

Agency Name: RE/MAX Top Performers
Agency Phone: 847-295-0800

Shown By

Agent Name: Linda Dunn
Agent Phone: (815) 397-4040
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 2,952.27 per month $1,778.23 Principal & Interest $941.00 Property Tax $233.04 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/20/2026. The listing information on this page last changed on 05/20/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/20/2026 12:00:07 AM EST) or MRED MLS (last updated Tue 05/19/2026 11:58:03 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 05/19/2026 10:17:05 PM EST) or Northern Illinois Commercial Association Realtors (last updated Tue 05/19/2026 2:10:07 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Crosby Starck Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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