Renovated Apartment
4240 S Calumet Avenue, Chicago, IL 60653
For Sale
$1,705,000
Pending
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.15 Acres
Days on Market52
Property Features for 4240 S Calumet Avenue
General Information
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Bedrooms
Bathrooms
Full bathrooms
Rooms
Basement
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Lot size
Taxes and HOA fees
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Building Details
Year built
Floors in Building
Number of units
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Listing Agency:
North Clybourn Group, Inc.
Listed By:
Karen Biazar · License #471003309
(773) 252-0600
Added: Sep 16
Changed: Oct 27
Last Checked: Nov 6 at 3:06PM
MLS# 12762023
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.
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Investment Insights
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Located at 4240 S Calumet Avenue, this 1900 apartment building contains six residential units arranged as two four-bedroom, three-bath duplexes and four three-bedroom, two-bath residences. The property includes individual HVAC systems, in-unit washers and dryers, custom closets, window treatments, designer lighting, heated floors, exposed brick, crown molding, and composite rear decking. Brick and stone construction, central air, and documented capital improvements follow an extensive renovation. Eight gated parking spaces serve the building, which offers 50 feet of frontage on a 0.1491-acre site.
The property is one-quarter block from the Green Line and two blocks from Pendalton Park. Zoned MULTI, the grounds include iron fencing, irrigation controlled through a phone app, granite pavers, Cor-ten steel edging, and labeled plantings. A 7.5 CAP and reported NOI are provided in the property information, although no income figure is included here.
The property is one-quarter block from the Green Line and two blocks from Pendalton Park. Zoned MULTI, the grounds include iron fencing, irrigation controlled through a phone app, granite pavers, Cor-ten steel edging, and labeled plantings. A 7.5 CAP and reported NOI are provided in the property information, although no income figure is included here.
Key Highlights
- Six residential units: two 4‑bedroom, 3‑bath duplexes and four 3‑bedroom, 2‑bath residences
- Eight gated parking spaces and 50 feet of frontage
- 0.1491‑acre site zoned MULTI
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
972
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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
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units with duplex layouts, individual HVAC, in-unit laundry, gated parking, and landscaped common grounds.
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: two 4‑bedroom, 3‑bath duplexes and four 3‑bedroom, 2‑bath residences; Eight gated parking spaces and 50 feet of frontage; 0.1491‑acre site zoned MULTI
