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  • $749,000

    4040 S Calumet Ave, Chicago, IL 60653

    7beds
    --sqft
    : 
    $5,989/mo
    Get pre-qualified
    Multi Family
    Built in 1893
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern cabinetryGated entryClassic chicago architectureBeautifully updated interiorsUpdated bathsContemporary kitchensOutdoor space
    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Sophie Beaudoin 847-295-0800,

    RE/MAX Top Performers

    Source: MRED as distributed by MLS GRID,MLS#: 12753628MLS Logo

      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

        DateEventPrice
        9/8/2026Listing removed$749,000
        Source: MRED as distributed by MLS GRID #12748613 Report a problem
        8/25/2026Price change$749,000-6.3%
        Source: MRED as distributed by MLS GRID #12584754 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+173.9%
        Source: MRED as distributed by MLS GRID #12584754 Report a problem
        4/25/2008Sold$310,000+313.3%
        Source: Agent Provided Report a problem
        3/17/2008Sold$75,000-72.7%
        Source: Agent Provided Report a problem
        5/25/2006Sold$275,000
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Bronzeville

        Getting around

        74 / 100
        Very Walkable
        69 / 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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