Renovated Six-Unit Apartment
New
For Sale
$1,705,000
4240 S Calumet Avenue, Chicago, IL 60653
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.15 Acres
Days on Market2
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
Bathroom 2, Bathroom 1, Bedroom 14, Bathroom 5, Bedroom 15, Bedroom 6, Bedroom 7, Bathroom 7, Bathroom 11, Bathroom 12, Bedroom 9, Bedroom 12, Bedroom 10, Bedroom 4, Bedroom 19, Bedroom 16, Bathroom 8, Bathroom 4, Bedroom 13, Bedroom 20, Bathroom 3, Bedroom 17, Bathroom 13, Bedroom 18, Bedroom 11, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 6, Bathroom 10, Bedroom 5, Bathroom 14, Bathroom 9, Bedroom 8, Basement
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
Building Details
Year built
1900
Floors in Building
3
Number of units
6
Building materials
Brick, Stone
Listing Agency:
North Clybourn Group, Inc.
(773) 252-0600
Listed By:
Karen Biazar · License #471003309
(773) 645-7900
Added: Sep 16
Last Checked: Sep 17 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This 1900-built apartment property contains six residential units in a side-by-side masonry building with brick and stone construction. The unit mix includes two four-bedroom, three-bath duplexes and four three-bedroom, two-bath apartments. Interior features include exposed brick, crown molding, custom closets, window treatments, designer lighting, heated floors, and individual HVAC, with a washer and dryer in each unit. The property also includes eight gated parking spaces and spans 50 feet of frontage on a 0.1491-acre lot.
The grounds feature iron fencing, granite pavers, landscaped areas, zoned irrigation controlled through a phone app, and composite rear decking. The property is zoned MULTI and is located one-quarter block from the Green Line and near Pendleton Park. It was originally developed as condominiums before being converted and renovated, with documented capital improvements completed.
The grounds feature iron fencing, granite pavers, landscaped areas, zoned irrigation controlled through a phone app, and composite rear decking. The property is zoned MULTI and is located one-quarter block from the Green Line and near Pendleton Park. It was originally developed as condominiums before being converted and renovated, with documented capital improvements completed.
Key Highlights
- Six residential units with a mix of two 4‑bedroom duplexes and four 3‑bedroom apartments
- Eight gated parking spaces and 50 feet of frontage
- 0.1491‑acre lot zoned MULTI
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 - Renovated masonry property with 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 residential units with a mix of two 4‑bedroom duplexes and four 3‑bedroom apartments; Eight gated parking spaces and 50 feet of frontage; 0.1491‑acre lot zoned MULTI
