Occupied Multifamily
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 Market14
Property Features for 4040 S Calumet Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 3
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
Amenities
contemporary kitchens
stainless steel appliances
modern cabinetry
hardwood flooring
updated baths
multiple rear decks
gated entry
Building Details
Year built
1893
Building materials
Brick
Listing Agency:
RE/MAX Top Performers · RE/MAX International
Listed By:
Sophie Beaudoin
(847) 295-0800
Added: Sep 8
Changed: Sep 20
Last Checked: Sep 21 at 6:06PM
MLS# 12753628
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 brick multifamily property was built in 1893 and occupies a 0.07-acre lot. The building includes seven bedrooms and four bathrooms, with refreshed living areas, contemporary kitchens, stainless steel appliances, modern cabinetry, hardwood floors, and updated bathrooms. Multiple rear decks and a gated entry add exterior functionality and controlled access. Natural gas forced-air heat serves the property, with public water and public sewer.
Current occupancy provides an existing tenant base. The property is located at 4040 S Calumet Avenue in Chicago's Bronzeville area, with access to downtown Chicago, the Lake Michigan lakefront, McCormick Place, the Obama Presidential Center, Washington Park, the DuSable Black History Museum and Education Center, public transportation, and major expressways. Zoning is MULTI.
Current occupancy provides an existing tenant base. The property is located at 4040 S Calumet Avenue in Chicago's Bronzeville area, with access to downtown Chicago, the Lake Michigan lakefront, McCormick Place, the Obama Presidential Center, Washington Park, the DuSable Black History Museum and Education Center, public transportation, and major expressways. Zoning is MULTI.
Key Highlights
- Seven bedrooms and four bathrooms
- 0.07‑acre lot with a brick building constructed in 1893
- Current occupancy with established tenancy
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Brick multifamily building with updated interiors, outdoor decks, gated entry, and current tenancy.
Where is this multifamily property 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: Seven bedrooms and four bathrooms; 0.07‑acre lot with a brick building constructed in 1893; Current occupancy with established tenancy
