4040 S Calumet Avenue

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Address: 4040 S Calumet Ave, Chicago, IL 60653, USA
Chicago & Midwest + Apartment Buildings
Created date: September 12, 2026
Date last updated: September 24, 2026
Price: $749,000Investment Analyzer NEW!

Property Description

Exceptional investment opportunity in the heart of historic Bronzeville. Welcome to 4040 S. Calumet Ave, a distinctive property offering classic Chicago architecture, beautifully updated interiors, outdoor space, and an outstanding location just minutes from downtown Chicago and the lakefront. Units are currently occupied, giving an investor the opportunity to acquire an established multifamily property with existing tenancy. The building features spacious living areas, contemporary kitchens, stainless steel appliances, modern cabinetry, hardwood flooring, updated baths, multiple rear decks, and a gated entry. The location adds tremendous appeal with convenient access to downtown Chicago, the Lake Michigan lakefront, McCormick Place, the Obama Presidential Center, Washington Park, the DuSable Black History Museum and Education Center, public transportation, major expressways, and the many cultural, dining, and recreational destinations surrounding historic Bronzeville. 4040 S. Calumet brings together the features investors want most: location, character, updated interiors, existing occupancy, outdoor space, and multifamily income potential. Opportunities like this deserve a closer look. Schedule your private showing and come see what 4040 S. Calumet has to offer.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $749,000
Year Built: 1893
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 7
Number of Bathrooms: 4
Address: 4040 S Calumet Avenue, Chicago, IL 60653, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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