4522 S Calumet Avenue Chicago, IL 60653

Building Details

Year Built

1880

Listing agency @PROPERTIES COMMERCIAL k***@atproperties.com Show Phone

Listed by KEVIN ROCIO · License #IL475.128895

Source Corcoran

Added: Apr 1 Updated: Jul 10 at 12:25PM Checked: Jul 22 at 7:16AM

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Investment Insights

Based on property information with market context.

Located in Bronzeville, this 6-unit brick apartment building at 4522 S. Calumet Ave offers in-place income with upside potential. The property consists of two 3BD/1.5BA units and four 2BD/1BA units, totaling approximately 6,600 SF on a 6,000 SF lot. A full permitted renovation in 2014 included updated plumbing, electrical, porches, masonry repairs, and interior upgrades. The building is currently fully-occupied, presenting a value-add opportunity through cosmetic updates such as refinishing floors, fresh paint, and kitchen improvements to increase rents. Additional features include individual heating systems, individual hot water tanks, and three on-site parking spaces. Tenants are responsible for gas and electric, contributing to predictable operating costs. Situated in a rapidly evolving neighborhood, the property is near CTA Green and Red Lines, Interstate 90, Illinois Institute of Technology, the University of Chicago, and various retail and lifestyle amenities.

Key Highlights

• Strong in‑place income with clear upside potential.
• Fully occupied 6‑unit brick building with a desirable unit mix.
• Full permitted renovation in 2014 including updated plumbing and electrical systems.

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FAQs

What type of property is this?

Apartment building - Fully-occupied 6-unit apartment building in Bronzeville with value-add potential.

Where is this apartment building located?

The property is located at 4522 S Calumet Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Strong in‑place income with clear upside potential.; Fully occupied 6‑unit brick building with a desirable unit mix.; Full permitted renovation in 2014 including updated plumbing and electrical systems.