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Renovated Three-Unit Brick Triplex
New
For Sale
$749,000

4040 S Calumet Avenue, Chicago, IL 60653

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market2

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 6, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 8, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 7, Bedroom 5
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 Natural Gas, Forced Air
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: Sep 1 Changed: Sep 2 Last Checked: Sep 2 at 7:06PM
MLS# 12748613

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 three-unit brick multifamily property was built in 1893 and has undergone substantial rehabilitation in recent years. The building includes eight bedrooms and four bathrooms, with forced-air heating powered by natural gas. Public water and public sewer serve the property, and the lot encompasses 0.07 acres.

The property is located at 4040 S Calumet Avenue in Chicago’s Bronzeville area, near Washington Park, the Lake Michigan lakefront, and the DuSable Black History Museum and Education Center. Public remarks also identify access to public transportation and major expressways. The property is offered in as-is condition and is zoned MULTI.

Key Highlights

  • Three‑unit brick multifamily building
  • Eight bedrooms and four bathrooms
  • Rehabilitated in recent years

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

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
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Frequently Asked Questions

What type of property is this?
Triplex - Rehabilitated multifamily property with three units, public utilities, and forced-air natural gas heating.
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 $749,000.
What are key features of this property?
This property features: Three‑unit brick multifamily building; Eight bedrooms and four bathrooms; Rehabilitated in recent years
More about this property
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