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Renovated Six-Unit Apartment Building
New
For Sale
$1,705,000

4240 S Calumet Avenue, Chicago, IL 60653

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Lot Size0.15 Acres
Days on Market6

Property Features for 4240 S Calumet Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 20
Bathrooms 14
Full bathrooms 14
Rooms Bedroom 19, Bedroom 18, Bedroom 3, Bedroom 9, Bedroom 11, Bedroom 13, Bedroom 1, Bathroom 11, Bedroom 10, Bedroom 6, Bedroom 12, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 20, Bathroom 10, Bathroom 12, Bathroom 4, Bedroom 5, Bedroom 16, Bedroom 14, Bathroom 13, Basement, Bedroom 4, Bedroom 7, Bedroom 2, Bathroom 9, Bedroom 8, Bedroom 15, Bathroom 2, Bathroom 14, Bedroom 17, Bathroom 6, Bathroom 8, Bathroom 7
Basement Finished
Directions KING DR TO 43 ST W TO CALUMET N TO ADDRESS.
Subdivision CHI - Grand Boulevard
Standard status Active
APN 20031120510000
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 14773

Utilities

Cooling system Central Air

Amenities

craftsman iron fencing
botanical garden setting
irrigation system
cobbled granite pavers
exotic tree placards
exposed brick
crown molding
individual HVAC
washer/dryer in unit
custom closets
window treatments
dimmers
designer lighting
heated floors
composite decking
common area hotel caliber
intricate mill work
professional grade art

Building Details

Year built 1900
Floors in Building 3
Number of units 6
Building materials Brick, Stone
Listing Agency: North Clybourn Group, Inc.
Listed By: Karen Biazar · License #471003309
Added: Aug 5 Last Checked: Aug 10 at 2:06AM
MLS# 12725600

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 1900 apartment building contains six residential units in a brick and stone structure with central air. The unit mix includes two four-bedroom, three-bath duplexes and four three-bedroom, two-bath residences. Interior features include exposed brick, crown molding, individual HVAC, in-unit laundry, custom closets, window treatments, designer lighting, heated floors, and composite rear decking. The property has undergone extensive renovation and was originally developed as condominiums before being converted to its current configuration.

The site encompasses 0.1491 acres with 50 feet of frontage and includes eight gated parking spaces. Grounds improvements include iron fencing, granite pavers, landscaped areas, and a phone-controlled irrigation system. The property is zoned MULTI and is located at 4240 S Calumet Avenue in Chicago, approximately one-quarter block from the Green Line and near Pendalton Park.

Key Highlights

  • Six residential units with a mix of two duplexes and four three‑bedroom residences
  • Unit mix includes 2 four‑bedroom, three‑bath duplexes and 4 three‑bedroom, two‑bath units
  • Eight gated parking spaces on a 0.1491‑acre site

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Law Firm Kitchen & Bath Showroom Carpet & Flooring Store Bakery Auto Parts 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

6
Residential units

Location Intelligence

Trade Area within ½ mile

972
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?
Apartment building - Masonry property combines duplex residences with in-unit laundry and central air.
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 residential units with a mix of two duplexes and four three‑bedroom residences; Unit mix includes 2 four‑bedroom, three‑bath duplexes and 4 three‑bedroom, two‑bath units; Eight gated parking spaces on a 0.1491‑acre site
More about this property
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