Masonry Center-Entrance
For Sale
Contact for pricing
4240 S Calumet Avenue, Chicago, IL 60653
Stabilized 6-unit multifamily with gated parking spaces and extensively renovated masonry/limestone center entrance.
Property SizeContact for details
Days on Market69
Property Features for 4240 S Calumet Avenue
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
MULTI
Net Operating Income
$127,872
Financials
Cap Rate
7.5%
Business Included
Yes
Additional Details
Multifamily Units
6
Building Details
Year Built
1900
Stories
3
Units
6
Tenancy
Multi
Listing Agency:
North Clybourn Group, Inc.
(773) 252-0600
Listed By:
Staci Slattery · License #471017646
Source:
Crexi
Added: Jun 16
Changed: Aug 16
Last Checked: Aug 23 at 3:08AM
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.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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
