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  • Price cut: $50K (5/15)
    $799,000

    4040 S Calumet Ave, Chicago, IL 60653

    8beds
    --sqft
    : 
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    Multi Family
    Built in 1893
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fully renovated three-unit building
    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.
    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#: 12584754MLS Logo

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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

        DateEventPrice
        6/19/2026Listed for rent$1,990+2.1%
        Source: Zillow Rentals Report a problem
        5/15/2026Price change$799,000-5.9%
        Source: MRED as distributed by MLS GRID #12584754 Report a problem
        4/15/2026Listed for sale$849,000+12.5%
        Source: MRED as distributed by MLS GRID #12584754 Report a problem
        3/19/2026Listing removed$1,950
        Source: Zillow Rentals Report a problem
        3/5/2026Listed for rent$1,950
        Source: Zillow Rentals Report a problem
        9/13/2025Listing removed$1,950
        Source: Zillow Rentals Report a problem
        5/21/2025Listed for rent$1,950
        Source: Zillow Rentals Report a problem
        8/20/2024Listing removed--
        Source: MRED as distributed by MLS GRID #12008513 Report a problem
        3/19/2024Listed for sale$755,000-7.4%
        Source: MRED as distributed by MLS GRID #12008513 Report a problem
        3/19/2024Listing removed--
        Source: MRED as distributed by MLS GRID #11971585 Report a problem
        2/1/2024Listed for sale$815,000+58.6%
        Source: MRED as distributed by MLS GRID #11971585 Report a problem
        11/4/2022Sold$514,000+0.8%
        Source: MRED as distributed by MLS GRID #11489119 Report a problem
        8/15/2022Contingent$510,000
        Source: MRED as distributed by MLS GRID #11489119 Report a problem
        8/11/2022Listed for sale$510,000-4.3%
        Source: MRED as distributed by MLS GRID #11489119 Report a problem
        8/11/2022Listing removed--
        Source: MRED as distributed by MLS GRID #11298982 Report a problem
        6/23/2022Contingent$532,900
        Source: MRED as distributed by MLS GRID #11298982 Report a problem
        6/9/2022Price change$532,900-2.7%
        Source: MRED as distributed by MLS GRID #11298982 Report a problem
        5/24/2022Listed for sale$547,900
        Source: MRED as distributed by MLS GRID #11298982 Report a problem
        1/5/2022Contingent$547,900
        Source: MRED as distributed by MLS GRID #11298982 Report a problem
        1/5/2022Listed for sale$547,900
        Source: MRED as distributed by MLS GRID #11298982 Report a problem
        1/5/2022Listing removed--
        Source: MRED as distributed by MLS GRID #11277441 Report a problem
        12/9/2021Price change$547,900-0.4%
        Source: MRED as distributed by MLS GRID #11277441 Report a problem
        11/28/2021Listed for sale$550,000+223.5%
        Source: MRED as distributed by MLS GRID #11277441 Report a problem
        2/16/2018Sold$170,000+325%
        Source: MRED as distributed by MLS GRID #09789736 Report a problem
        11/3/2008Sold$40,000-85.2%
        Source: Agent Provided Report a problem
        6/13/2006Sold$270,000
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Bronzeville

        Getting around

        74 / 100
        Very Walkable
        68 / 100
        Good Transit
        73 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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