Exceptional investment opportunity in the heart of historic Bronzeville. This fully renovated three-unit building at 4040 S. Calumet Ave offers investors a rare turn-key asset with strong income and long-term appreciation potential. The property has undergone a complete rehabilitation in recent years, with significant updates throughout the building. Each unit is currently rented at above-market rents, providing immediate cash flow and stable tenancy for the new owner. The building has been well-maintained and updated, making it an ideal low-maintenance addition to an investment portfolio. With continued development and rising demand in Bronzeville, this property is well-positioned to benefit from long-term neighborhood growth and increasing property values. Located just minutes from downtown Chicago, residents enjoy easy access to public transportation, major expressways, and nearby amenities, including Washington Park, the Lake Michigan lakefront, and the DuSable Black History Museum and Education Center. The property is being sold in as-is condition and represents a rare opportunity to acquire a stabilized multi-unit in one of Chicago's most dynamic and rapidly appreciating neighborhoods.
Active
Price cut: $50K (5/15)
$799,000
4040 S Calumet Ave, Chicago, IL 60653
8beds
--sqft
Multi Family
Built in 1893
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fully renovated three-unit building
- 83 days |
- 260 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Sophie Beaudoin 847-295-0800,
RE/MAX Top Performers
Source: MRED as distributed by MLS GRID,MLS#: 12584754
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Features
- Windows: Screens
- Basement: None
Property
Lot
- Size: 3,049 Square Feet
- Dimensions: 25x129x25x129
- Features: Landscaped
Details
- Parcel number: 20031100401004
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1893
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $168,040
- Annual tax amount: $11,292
- Date on market: 4/15/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Listed for rent | $1,990+2.1% |
Source: Zillow Rentals Report a problem | ||
| 5/15/2026 | Price change | $799,000-5.9% |
Source: | ||
| 4/15/2026 | Listed for sale | $849,000+12.5% |
Source: | ||
| 3/19/2026 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 3/5/2026 | Listed for rent | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 9/13/2025 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 5/21/2025 | Listed for rent | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 8/20/2024 | Listing removed | -- |
Source: | ||
| 3/19/2024 | Listed for sale | $755,000-7.4% |
Source: | ||
| 3/19/2024 | Listing removed | -- |
Source: | ||
| 2/1/2024 | Listed for sale | $815,000+58.6% |
Source: | ||
| 11/4/2022 | Sold | $514,000+0.8% |
Source: | ||
| 8/15/2022 | Contingent | $510,000 |
Source: | ||
| 8/11/2022 | Listed for sale | $510,000-4.3% |
Source: | ||
| 8/11/2022 | Listing removed | -- |
Source: | ||
| 6/23/2022 | Contingent | $532,900 |
Source: | ||
| 6/9/2022 | Price change | $532,900-2.7% |
Source: | ||
| 5/24/2022 | Listed for sale | $547,900 |
Source: | ||
| 1/5/2022 | Contingent | $547,900 |
Source: | ||
| 1/5/2022 | Listed for sale | $547,900 |
Source: | ||
| 1/5/2022 | Listing removed | -- |
Source: | ||
| 12/9/2021 | Price change | $547,900-0.4% |
Source: | ||
| 11/28/2021 | Listed for sale | $550,000+223.5% |
Source: | ||
| 2/16/2018 | Sold | $170,000+325% |
Source: | ||
| 11/3/2008 | Sold | $40,000-85.2% |
Source: Agent Provided Report a problem | ||
| 6/13/2006 | Sold | $270,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $3,366 +9.3% | $16,804 |
| 2015 | $3,079 +66.1% | $16,804 +68.1% |
| 2014 | $1,854 +2% | $9,994 |
| 2013 | $1,818 +1.4% | $9,994 |
| 2012 | $1,793 -2.8% | $9,994 -12.2% |
| 2011 | $1,844 -0.4% | $11,381 |
| 2010 | $1,852 +4.4% | $11,381 |
| 2009 | $1,775 -54.7% | $11,381 -58.3% |
| 2008 | $3,916 +1% | $27,299 |
| 2007 | $3,877 | $27,299 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Bronzeville
Nearby schools
GreatSchools rating
- 6/10Wells Preparatory Elementary AcademyGrades: PK-8Distance: 0.4 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Wells Preparatory Elementary Sch
- Middle: Wells Preparatory Elementary Sch
- High: Phillips Academy High School
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Cook County
- Chicago
- 60653
- Bronzeville
- 4040 S Calumet Ave




