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.
Contingent
$749,000
4040 S Calumet Ave, Chicago, IL 60653
7beds
--sqft
Multi Family
Built in 1893
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern cabinetryGated entryClassic chicago architectureBeautifully updated interiorsUpdated bathsContemporary kitchensOutdoor space
- --
- 157
- views
- 15
- saves
Zillow last checked:
Listing updated:
Listed by:
Sophie Beaudoin 847-295-0800,
RE/MAX Top Performers
Source: MRED as distributed by MLS GRID,MLS#: 12753628
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- 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: 9/8/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Listing removed | $749,000 |
Source: MRED as distributed by MLS GRID #12748613 Report a problem | ||
| 8/25/2026 | Price change | $749,000-6.3% |
Source: | ||
| 5/15/2026 | Price change | $799,000-5.9% |
Source: | ||
| 4/15/2026 | Listed for sale | $849,000+173.9% |
Source: | ||
| 4/25/2008 | Sold | $310,000+313.3% |
Source: Agent Provided Report a problem | ||
| 3/17/2008 | Sold | $75,000-72.7% |
Source: Agent Provided Report a problem | ||
| 5/25/2006 | Sold | $275,000 |
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
Payment breakdown
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Neighborhood: Bronzeville
Nearby schools
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.





