Renovated Six-Unit Apartment
New
For Sale
$1,705,000
4240 S Calumet Avenue, Chicago, IL 60653
Side-by-side residential building with duplex layouts, gated parking, individual HVAC, and in-unit laundry.
Property SizeContact for details
Days on Market7
Property Features for 4240 S Calumet Avenue
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
MULTI_FAMILY
Net Operating Income
$129,752
Units
Unit Mix
2 x 4BR/3BA, 4 x 3BR/2BA
Multifamily Units
6
Additional Details
Cap Rate
7.5%
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,772
Amenities
iron fencing
botanical garden
zoned irrigation system
cobbled granite pavers
exotic tree placards
composite rear decking
common area
intricate mill work
professional grade art
Building Details
Year Built
1900
Construction
masonry
Listing Agency:
North Clybourn Group, Inc.
Listed By:
Karen Biazar · License #471003309
(773) 645-7900
Source:
Harkinsandassociates
Added: Sep 16
Changed: Sep 20
Last Checked: Sep 21 at 6:42AM
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.
Investment Insights
Based on property information with market context.
Built in 1900, this masonry and limestone apartment property contains six residences in a side-by-side configuration with a center entrance. The unit mix includes two 4-bedroom, 3-bath duplexes and four 3-bedroom, 2-bath apartments. Interior features include exposed brick, crown molding, custom closets, window treatments, designer lighting, dimmers, heated floors, individual HVAC, and in-unit washer and dryer connections. Composite rear decking and documented capital improvements are also included.
The property spans 50 feet of frontage and provides 8 gated parking spaces. Exterior improvements include iron fencing, granite pavers, landscaped grounds, and app-controlled irrigation. The building is located 1/4 block from the Green Line and near Pendleton Park, with the future Bronzeville Trail planned 2 blocks away. The reported 7.5 CAP reflects the property's investment profile.
The property spans 50 feet of frontage and provides 8 gated parking spaces. Exterior improvements include iron fencing, granite pavers, landscaped grounds, and app-controlled irrigation. The building is located 1/4 block from the Green Line and near Pendleton Park, with the future Bronzeville Trail planned 2 blocks away. The reported 7.5 CAP reflects the property's investment profile.
Key Highlights
- Six‑unit apartment building with two 4‑bedroom, 3‑bath duplexes and four 3‑bedroom, 2‑bath apartments
- 8 gated parking spaces and 50 feet of frontage
- 1/4 block from the Green Line and near Pendleton Park
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
972
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?
Apartment building - Side-by-side residential building with duplex layouts, gated parking, individual HVAC, and in-unit laundry.
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: Six‑unit apartment building with two 4‑bedroom, 3‑bath duplexes and four 3‑bedroom, 2‑bath apartments; 8 gated parking spaces and 50 feet of frontage; 1/4 block from the Green Line and near Pendleton Park
