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Six-Unit Brick Apartment Building

5648 S Calumet Avenue, Chicago, IL 60637

For Sale
$799,000

Separate electric meters and individually controlled central heat serve the residential units.

Property SizeContact for details
Days on Market56

Property Features for 5648 S Calumet Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY
Zoning RM-5
Occupancy 100%

Site & Location

Neighborhood Washington Park
Public Transit Yes

Units

Multifamily Units 6
Individually Metered Utilities electricity

Additional Details

Gross Income $108,984
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $8,850

Building Details

Year Built 1892
Construction brick
Listing Agency: Quality Keystone Management LLC
Listed By: La Teresa Fenner
Source: Townrealtychicago
Added: Sep 16 Changed: Nov 7 Last Checked: Nov 7 at 5:22PM

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 Quality Keystone Management LLC

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Investment Insights

Based on property information with market context.

Built in 1892, this Chicago multifamily property contains six residential units in a brick building. The units have separate electric meters, and central heat is controlled individually. The property is fully occupied and includes an unfinished basement. RM-5 zoning is in place.

The building is in the Washington Park neighborhood, near Washington Park, the University of Chicago, and CTA transit. Its location also places it within the broader Hyde Park institutional and employment area.

Key Highlights

  • Six residential units in a brick multifamily building
  • 100% occupancy
  • Separate electric meters for the units

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

900
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Separate electric meters and individually controlled central heat serve the residential units.
Where is this apartment building located?
The property is located at 5648 S Calumet Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six residential units in a brick multifamily building; 100% occupancy; Separate electric meters for the units
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