For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Masonry Center-Entrance Multifamily Title is generated by Realmo AI

    4240 S Calumet Avenue, Chicago, IL 60653

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Stabilized 6-unit multifamily with gated parking spaces and extensively renovated masonry/limestone center entrance.

    Type:Multifamily
    Added:
    Jun 16, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 20 at 6:45 am

    Property Features for 4240 S Calumet Avenue

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    1900

    We can help!

    Contact an agent
    Staci Slattery

    Listing office North Clybourn Group, Inc.

    Listing date Jun 16, 2026

    Source Crexi

    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 North Clybourn Group, Inc.

    HighLights

    • Stabilized 6‑unit multifamily at 4240‑42 S Calumet with extensively renovated masonry/limestone center entrance
    • 7.5% CAP and $127,872.17 NOI reported for the property portfolio
    • 6 residences plus 8 gated parking spaces, spanning 50 feet of frontage
    • Bronzeville location: about 1/4 block to the Green Line and about 2 blocks to the future $100M Bronzeville Trail to the Lakefront
    • Unit mix includes (2) duplexes with 4 beds/3 baths and (4) units with 3 beds/2 baths
    • Renovations and capital improvements include individual HVAC, in‑unit washer/dryers, heated floors, composite rear decking, and crown molding/exposed brick

    Overview

    A stately, fully stabilized masonry and limestone center-entrance multifamily building presents six residential units paired with eight gated parking spaces and 50 feet of frontage. The property reflects extensive renovation and documented capital improvements, with craftsman-designed iron fencing and a curated, garden-like streetscape. Exterior and site details include cobbled granite pavers, Cor-ten steel edging, and plantings supported by a zoned irrigation system controlled by a phone app.

    Inside, the layout offers an expansive and diverse set of floorplans. The unit mix includes two duplex-style four-bedroom, three-bath homes and four three-bedroom, two-bath apartments. Across the homes you’ll find exposed brick and crown molding, individual HVAC, washer/dryers in unit, custom closets, window treatments with dimmers, and designer lighting. Several units include heated floors and composite rear decking, along with detailed millwork and professionally curated finishes in common areas.

    The configuration is well suited for tenants seeking apartment living with single-family-like space, including in-unit laundry and individually controlled heating and cooling. Gated parking supports resident convenience, while the renovated building systems and landscaped grounds are designed to hold up over time.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6187305
    Latitude
    41.817172

    FAQs

    What type of property is this?
    Apartment building - Stabilized 6-unit multifamily with gated parking spaces and extensively renovated masonry/limestone center entrance.
    Where is this apartment building located?
    The property is located at 4240 S Calumet Avenue Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,705,000.
    What are key features of this property?
    This property features: Stabilized 6‑unit multifamily at 4240‑42 S Calumet with extensively renovated masonry/limestone center entrance; 7.5% CAP and $127,872.17 NOI reported for the property portfolio; 6 residences plus 8 gated parking spaces, spanning 50 feet of frontage
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message