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    4235 S Calumet Ave Chicago, IL 60653

    Pending
    For Sale
    $2,538,000

    Commercial Sale - Chicago, IL

    Days on Market:
    13
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 4235 S Calumet Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    MULTI
    APN
    20031230420000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Number of units
    8
    Architectural style
    Other

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

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

    Listing date Dec 1, 2025

    MLS# 12524334 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 Collection: Boutique Residential Building

    This portfolio of properties in Bronzeville features an 8-unit residential mid-rise building with an elevator and 10 gated parking spaces. Constructed as condominiums in 2008 and later de-converted to luxury boutique housing, the building has upgraded interior and exterior common elements and living spaces. The property spans 62 feet of frontage and is located within a quarter block of the Green Line and Pendleton Park. Capital improvements include sculptured iron fencing, a botanic garden, a zoned irrigation system, common area art and lighting, downspout and gutter heaters, and masonry upgrades. The unit mix includes one 4-bedroom, 2.5-bath duplex; one 3-bedroom, 2.5-bath duplex; and six 3-bedroom, 2-bath flats. Refined living spaces feature professional-grade kitchens, under-cabinet lighting, gas fireplaces, multiple terraces, walk-in closets, resort-inspired primary bathrooms with dual sinks, soaking tubs, and separate showers, individual HVAC, in-unit full-size washers and dryers, stainless-steel closet organizers, window treatments, dimmers, designer lighting, and premium millwork. The property's net operating income (NOI) is $190,392.02.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6180575
    Latitude
    41.8173256

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    FAQs

    What type of property is this?
    Apartment building - Luxury 8-unit building with parking near Green Line.
    Where is this apartment building located?
    The property is located at 4235 S Calumet Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,538,000.
    What are key features of this property?
    This property features: - 7. 5% Cap Rate with strong NOI of $190,392.02, indicating immediate value and income potential.; - Turn-key acquisition with intelligent designs and durable renovations.; - Boutique 8-unit elevator building built as condominiums in 2008, de-converted to luxury housing with upgraded interior and exterior common elements.
    (773) 252-0600
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    4235 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
    4235 S Calumet Ave Chicago, IL 60653
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