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Three-Unit Greystone Income Property
For Sale
$585,000
Pending

5942 S Calumet Avenue Chicago, Chicago, IL 60637

Greystone triplex with three 4-bedroom, 1-bath units, each with separate utilities and recently updated electrical and water tanks.

Property SizeContact for details
Days on Market42

Property Features for 5942 S Calumet Avenue Chicago

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Two to Four Units
Zoning MULTI

Additional Details

Highway Access Yes
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,275

Amenities

Partially Finished,Full,Walk-Out Access
4
12
3
Lake Michigan,Public
2
25X135.7
0.07
No
Ceiling Fan(s),Multiple Water Heaters
Off Alley,Yes
Stone

Building Details

Year Built 1898
Listing Agency:
Listed By: Luigui Corral · License #475185100
Source: Remaxadream
Added: Jul 9 Changed: Aug 8 Last Checked: Jul 23 at 2:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Luigui Corral

Investment Insights

Based on property information with market context.

This three-unit Greystone offers three separate 4-bedroom, 1-bath residences, each with its own utilities. The building features recently updated electrical and water tanks for each unit, and a new intercom system added for guest access. The property also has potential for additional income, with an ADU waiting for finishing touches.

The home is located within minutes of Hyde Park, the University of Chicago, the Obama Library, and Washington Park. Public transportation is nearby, with a CTA train and bus stop less than one block away, along with convenient access to the expressway, schools, and shopping.

Sold as-is, this property is suited for an owner-occupant or an investor seeking a multi-unit setup with independent utilities and room for additional improvement via the unfinished ADU.

Key Highlights

  • 3‑unit greystone triplex built in 1898, with 12 bedrooms total (3 units; 4 beds per unit) and 4 total baths
  • Each unit has 1 bath and separate utilities
  • Partially finished, full basement with walk‑out access

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Bakery Storage Facility Carpet & Flooring 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

1,011
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Greystone triplex with three 4-bedroom, 1-bath units, each with separate utilities and recently updated electrical and water tanks.
Where is this triplex located?
The property is located at 5942 S Calumet Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3‑unit greystone triplex built in 1898, with 12 bedrooms total (3 units; 4 beds per unit) and 4 total baths; Each unit has 1 bath and separate utilities; Partially finished, full basement with walk‑out access
More about this property
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