Back to Search

Bronzeville Multifamily Investment Property

4957 S Calumet Ave, Chicago, IL 60615

View on Map

For Sale

Contact for pricing

15-unit multifamily property in Chicago's historic Bronzeville neighborhood.

Type:Multifamily

Property size:

15,000 SF

Lot size:

0.15 Acres

Price / SF:

$186/SF

HighLights

Fifteen (15) 2‑Bedroom/1‑Bathroom units offer substantial rental income potential.
Prime location in Chicago's historic Bronzeville neighborhood.
Convenient access to downtown Chicago and surrounding areas.
Excellent connectivity to Lake Shore Drive and the Dan Ryan Expressway (I‑90/I‑94).
Proximity to neighborhood retail, public transit, and lakefront amenities.
Building size: 15,000 square feet of gross living area in 16,000 square feet of gross area.

We can help!

Contact an agent

Danny Breiter

For Sale

Contact for pricing

15-unit multifamily property in Chicago's historic Bronzeville neighborhood.

Type:Multifamily

Property size:

15,000 SF

Lot size:

0.15 Acres

Price / SF:

$186/SF

Added:: Mar 3, 2026
Days on Market:: 126
Last Refresh:: Jun 27 at 7:37 am

Property Features for 4957 S Calumet Ave

General Information

Standard status: Active
Size: 15,000 SF
Lot size: 0.15 Acres
Property subtype: Multifamily

Building Details

Year Built: 1902

We can help!

Contact an agent

Danny Breiter

Listing office Horvath & Tremblay

Listing date Mar 3, 2026

Source Crexi

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 Horvath & Tremblay

HighLights

Fifteen (15) 2‑Bedroom/1‑Bathroom units offer substantial rental income potential.
Prime location in Chicago's historic Bronzeville neighborhood.
Convenient access to downtown Chicago and surrounding areas.
Excellent connectivity to Lake Shore Drive and the Dan Ryan Expressway (I‑90/I‑94).
Proximity to neighborhood retail, public transit, and lakefront amenities.
Building size: 15,000 square feet of gross living area in 16,000 square feet of gross area.

Overview

The multi-family investment property at 4957 S Calumet Ave in Chicago, IL, is a three-story building featuring fifteen 2-bedroom/1-bathroom units. The building has 15,000 square feet of gross living area within a 16,000-square-foot gross area. Situated on a 0.15-acre parcel, the property offers on-street parking. Located in Chicago’s historic Bronzeville neighborhood, it provides access to downtown Chicago and surrounding residential areas. The property benefits from connectivity to Lake Shore Drive and the Dan Ryan Expressway (I-90/I-94), facilitating regional access throughout Chicago and the broader metropolitan area. It is also located near neighborhood retail, public transit, and lakefront amenities.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$441.0k	$29.40
− Vacancy	−$22.9k	−$1.53
EGI	$418.1k	$27.87
− OpEx	−$188.1k	−$12.54
NOI	$229.9k	$15.33

15,000 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$3.28M

$2.87M – $3.83M (±1% cap)

NOI $229,937 @ 7.0% cap · market cap 8.21%

Second Best

—

no second resolved use

Theoretical Best

Office A

$7.07M

$6.19M – $8.25M (±1% cap)

NOI $495,072 @ 7.0% cap · market cap 17.68%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6176683
Latitude: 41.8040701

Nearby Similar for Sale

$1,300,000

6,400 SF

Renovated Chicago Industrial Flex Warehouse

6,400 SF renovated industrial flex warehouse in Chicago for sale.

3146 W Chicago Avenue, Chicago, IL 60622

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

Fully renovated restaurant with licenses and uncommitted VGT potential.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

Fully renovated restaurant with licenses and VGT potential in Chicago.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with Licenses

Fully renovated restaurant with licenses and residential unit for sale.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$649,000

2,176 SF

Turnkey Restaurant Opportunity in Chicago

Below-market lease in East Lakeview, fully equipped restaurant with assets.

420 W Belmont Avenue, Chicago, IL 60657

View Details
$759,000

5,000 SF

Prime Retail Space in Chicago

Commercial property in a high-traffic retail district.

4411 N Kedzie Avenue, Chicago, IL 60625

View Details
$1,295,000

9,744 SF

Chicago Office Building with Parking

Two-story office building in Chicago's Clearing neighborhood.

6350 W 63rd Street, Chicago, IL 60638

View Details
$1,700,000

Convenience Store Retail Building with Parking

Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.

5132 S Racine Avenue, Chicago, IL 60609

View Details
$459,000

3,000 SF

Chicago Commercial Buildings For Sale

Three commercial buildings in a busy Chicago neighborhood retail location.

1753-1759 W 79th Street, Chicago, IL 60620

View Details
$625,000

4,593 SF

Fulton River District Commercial Loft

Classic timber loft in Fulton River District, Chicago.

566 W Lake Street, Chicago, IL 60661

View Details
$549,900

2,806 SF

Wicker Park Corner Retail Building

2,806 SF retail building in prime Wicker Park location.

2357 W North Avenue, Chicago, IL 60647

View Details
$749,000

Corner Retail Suite in New Elevator Building

New construction corner space in an 18-unit elevator building with optional street parking acquisition.

1445 W Chicago Avenue, Chicago, IL 60642

View Details

For sale
Apartment buildings
IL
Chicago
60615
4957 S Calumet Ave

What type of property is this?

Apartment building - 15-unit multifamily property in Chicago's historic Bronzeville neighborhood.

Where is this apartment building located?

The property is located at 4957 S Calumet Ave Chicago, IL.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Fifteen (15) 2‑Bedroom/1‑Bathroom units offer substantial rental income potential.; Prime location in Chicago's historic Bronzeville neighborhood.; Convenient access to downtown Chicago and surrounding areas.