Four-Unit Residential Income Property

5331 S Calumet Avenue Chicago, IL 60615

Claim this Listing
For Sale
$995,000

MULTI_FAMILY - Chicago, IL

Property size:
1,400 SF
Price / SF:
$710/SF
Added:
Apr 8, 2025
Days on Market:
461
Last Refresh:
Jul 12 at 10:06 pm

Property Features for 5331 S Calumet Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
12
Bathrooms
8
Rooms
Bedroom 1, Bathroom 7, Bedroom 9, Bedroom 5, Bathroom 4, Bedroom 11, Bathroom 8, Bathroom 5, Bedroom 7, Bedroom 10, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 3, Bedroom 12, Bedroom 6, Bathroom 6, Basement, Bathroom 2
Parking
5
Parking features
Off Street, Off Alley
Basement
Full, Finished
Standard status
Active
APN
20103130180000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
17140

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public

Building Details

Year built
2007
Building materials
Brick

Listing agent Thomas Hart License #475149185

Listing office 33 Realty 357 W. Chicago Ave., Chicago, IL

Listing date Apr 8, 2025

MLS# 12277868 Listing URL

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.

This 2007-constructed four-unit residential property offers a consistent layout across all homes, with each unit configured as 3 bedrooms and 2 bathrooms. Interiors feature hardwood and tile flooring, granite countertops, modern appliances, and updated in-unit finishes, including individual hot water tanks and breaker panels. Heating and cooling are provided via gas-forced heat and central air. Three of the four units include in-unit laundry hook-ups, complemented by a common coin laundry area, while steel porches provide individual outdoor space for each residence.

The property also includes practical systems and exterior features designed for day-to-day operation, including a sump pump and grinder pump, and five exterior parking spaces secured by an automatic gate. The common hallway has had new carpet and paint, and the seller notes extensive interior and exterior improvements completed within the last year, with a detailed improvement list available upon request.

From an ownership standpoint, the structure supports an owner-occupant strategy: one unit can be lived in while the remaining units generate rental income. All four units are currently leased (with the provided lease amounts noted as below market in the remarks), and each home is served by individual utilities, which can help simplify ongoing tenant billing and management. Prospective buyers are encouraged to request the full marketing packet and the detailed building improvement list from the broker.

Key Highlights

  • Four‑unit property built in 2007 with brick construction and natural gas heating
  • All four units are 3 bed / 2 bath and sized between 1,200 and 1,400 SF with separate living and dining areas
  • Three units have in‑unit laundry hook‑ups; additional common coin laundry on site

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Building Supply Auto Repair Shop Kitchen & Bath Showroom Dental Office Auto Parts Store Real Estate Agency HVAC Service Big Box & Wholesale Store Storage Facility

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

FAQs

What type of property is this?
Quadplex - 2007-built quadplex with four 3-bed, 2-bath units, individual utilities, and multiple in-unit laundry options.
Where is this quadplex located?
The property is located at 5331 S Calumet Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four‑unit property built in 2007 with brick construction and natural gas heating; All four units are 3 bed / 2 bath and sized between 1,200 and 1,400 SF with separate living and dining areas; Three units have in‑unit laundry hook‑ups; additional common coin laundry on site
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