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    4002 S Calumet Ave Chicago, IL 60653

    Pending
    For Sale
    $1,850,000

    Commercial Sale - Chicago, IL

    Days on Market:
    9
    Last Refresh:
    Dec 11 at 2:06 pm

    Property Features for 4002 S Calumet Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    MULTI
    APN
    20031100411001

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    6
    Architectural style
    Other

    North Clybourn Group, Inc. (773) 252-0600 [email protected]

    Listing agent Karen Biazar (773) 252-0600 License #471003309

    Listing date Dec 3, 2025

    MLS# 12527233 Listing URL

    Copyright © 2025 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.

    Overview

    Bronzeville Multifamily Investment Opportunity

    Located in Bronzeville, this fully stabilized property features six residential units and seven gated parking spaces. The property has undergone extensive renovations and capital improvements. Unit mix includes two 4-bedroom, 2.5-bath duplexes that live like single-family homes, and four 2-bedroom, 2-bath units. Each unit features individual HVAC systems, in-unit washer and dryers, custom closets, window treatments, dimmers, designer lighting, and heated floors. Kitchens are professional grade, and bathrooms are well-appointed. Common areas feature professional-grade art. Exterior features include cable-heated gutters, composite rear decks with aluminum railings, masonry and concrete improvements, a tear-off roof, and replacement windows. The property includes artist-sculptured iron fencing, a botanical garden-like setting with a zoned irrigation system controlled by a phone app, flagstone pavers, exotic tree placards, and a custom-designed outdoor firepit with built-in seating. A living wall is canopied by Boston Ivy. The property is located adjacent to the future Bronzeville Trail, which will connect to Chicago's lakefront. The property offers numerous investment objectives and has high tenant retention rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6188589
    Latitude
    41.8217851

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    FAQs

    What type of property is this?
    Apartment building - Fully stabilized 6-unit building with 7 parking spaces in Bronzeville.
    Where is this apartment building located?
    The property is located at 4002 S Calumet Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - One-of-a-kind investment opportunity in vibrant Bronzeville, adjacent to the future $100M Bronzeville Trail connecting to Chicago's lakefront.; - Fully stabilized 6 residential units with 7 gated parking spaces.; - Extensive gut renovation and documented capital improvements, including cable-heated gutters, composite decks, masonry and concrete work, tear-off roof, and replacement windows.
    (773) 252-0600
    Request Owner's contact information
    4002 S Calumet Ave Chicago, IL 60653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4002 S Calumet Ave Chicago, IL 60653
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