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Renovated Triplex with Brick Exterior
For Sale
$799,000

4040 S Calumet Avenue, Chicago, IL 60653

MULTI_FAMILY - Chicago, IL

Lot Size0.07 Acres
Days on Market143

Property Features for 4040 S Calumet Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 7, Bathroom 4, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4
Window features Screens
Lot features Landscaped
Elementary school Wells Preparatory Elementary Sch
Middle school Wells Preparatory Elementary Sch
High school Phillips Academy High School
Elementary school district 299
Middle school district 299
High school district 299
Directions South on S. MLK Drive towards E. 41st, make a right on E. 41st Street, right on S. Calumet Avenue. Property on left.
Subdivision CHI - Grand Boulevard
Standard status Active
APN 20031100401004
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 11292

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1893
Building materials Brick
Listing Agency: RE/MAX Top Performers · RE/MAX International
Listed By: Sophie Beaudoin
Added: Mar 13 Changed: Aug 1 Last Checked: Aug 2 at 7:06AM
MLS# 12584754

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.

Investment Insights

Based on property information with market context.

A fully renovated three-unit triplex at 4040 S Calumet Avenue features brick construction and a residential setup with 7 bedrooms and 4 bathrooms across the building. The property is offered in as-is condition.

The building is zoned MULTI and connected to public water and public sewer. Heating is provided via forced air systems with natural gas. Built in 1893, the property has undergone a complete rehabilitation in recent years, with updates throughout the building.

This is a stabilized, low-maintenance option for a buyer seeking a multi-unit asset where each unit is currently rented.

Key Highlights

  • Fully renovated three‑unit triplex in as‑is condition
  • 0.07‑acre lot with brick construction
  • Zoned MULTI

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store Law Firm Carpet & Flooring Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

947
Businesses Nearby

Demographics for 60653, IL

33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Fully renovated three-unit brick triplex with MULTI zoning, public water and public sewer, and forced-air natural gas heat.
Where is this triplex located?
The property is located at 4040 S Calumet Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully renovated three‑unit triplex in as‑is condition; 0.07‑acre lot with brick construction; Zoned MULTI
More about this property
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