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    7550 S Calumet Ave Chicago, IL 60619

    New
    For Sale
    $185,000

    Residential Income - Chicago, IL

    Days on Market:
    4
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 7550 S Calumet Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    20273040390000

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1914
    Roof type
    Rubber
    Architectural style
    Other

    Prince Realty Group (773) 329-6648 [email protected]

    Listing agent Carlas Gilbert (773) 329-6648 License #471018028

    Listing date Dec 10, 2025

    MLS# 12529636 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

    Chicago Brick Two-Flat Investment Property

    This brick two-flat building in Chicago features two units, each with two bedrooms, separate living rooms, and dining rooms. The property includes updated furnaces (1-5 years old) with separate heating systems, newly installed windows on the second floor, and a new rear staircase. Original hardwood floors are present throughout the units. A full, unfinished basement provides storage or expansion opportunities. The property also features a large backyard. Tenants are responsible for their own heat and electric utilities. This property is suitable for investors, rehabbers, or owner-occupants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.6171509
    Latitude
    41.7568496

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    FAQs

    What type of property is this?
    Duplex - Spacious two-unit building with updates and income potential.
    Where is this duplex located?
    The property is located at 7550 S Calumet Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Separate utilities for tenants (heat and electric); - Two spacious units, each with separate living and dining rooms; - **New furnaces (1-5 years old) with separate heating systems**
    (773) 329-6648
    Request Owner's contact information
    7550 S Calumet Ave Chicago, IL 60619
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    Chicago, IL 60619
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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
    7550 S Calumet Ave Chicago, IL 60619
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