Search
Auburn Gresham Apartment Building
For Sale
$449,900

7345-47 S Calumet, Chicago, IL 60619

Solid 4-unit apartment building in a developing Chicago location.

Property SizeContact for details
Days on Market193

Property Features for 7345-47 S Calumet

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Taxes and HOA fees

Annual Taxes $6,871

Building Details

Year Built 1920
Stories 2
Units 4
Listing Agency: @properties Christie's International Real Estate
Listed By: Jonie Montalbano · License #471016795
Source: Midwestrealestate
Added: Feb 11 Changed: Aug 23 Last Checked: Aug 16 at 11:11AM

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 @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This is a 4-unit apartment building located in Auburn Gresham. The property is situated in a highly developing location with convenient access to transportation, including CTA buses, trains, and Metra. Each of the 4 units features 3 bedrooms. The apartments are easy to rent and currently have no vacancies, with all apartments having annual leases. The property includes large, high-ceiling basements that offer the potential for an investor to add 2 additional apartments. The property also features an extra-large lot and a 3-car garage.

Key Highlights

  • Solid 4‑unit building with all units currently leased and no vacancies.
  • Opportunity to add 2 additional apartments in the large, high‑ceiling basement.
  • Extra large lot with a 3‑car garage.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

920
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Solid 4-unit apartment building in a developing Chicago location.
Where is this apartment building located?
The property is located at 7345-47 S Calumet Chicago, IL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Solid 4‑unit building with all units currently leased and no vacancies.; Opportunity to add 2 additional apartments in the large, high‑ceiling basement.; Extra large lot with a 3‑car garage.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message