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.
132 days
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47
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4
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Zillow last checked:
Listing updated:
Listed by:
Sophie Beaudoin847-295-0800,
RE/MAX Top Performers
Source: MRED as distributed by MLS GRID,MLS#: 12584754
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
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
8/25/2026
Price change
$749,000-6.3%
Source: MRED as distributed by MLS GRID #12584754Report a problem
5/15/2026
Price change
$799,000-5.9%
Source: MRED as distributed by MLS GRID #12584754Report a problem
4/15/2026
Listed for sale
$849,000+173.9%
Source: MRED as distributed by MLS GRID #12584754Report a problem
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.