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.
Property Details
Price:
$849,000
MLS #:
MRD12584754
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chigrandboulevard
Listed Date:
Mar 13, 2026
Year Built:
1893
Schools
School District:
299
Elementary School:
Wells Preparatory Elementary Sch
Middle School:
Wells Preparatory Elementary Sch
High School:
Phillips Academy High School
Interior
Heating
Natural Gas, Forced Air
Exterior
Community Features
Park, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Lot Features
Landscaped
Window Features
Screens
Financial
Tax Year
2024
Taxes
$11,292
Listing Agent & Office
Sophie Beaudoin
RE/MAX Top Performers
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Copyright 2026. All rights reserved.
4040 S Calumet Avenue
Chicago, IL


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