


4240 S Calumet AvenueChicago, IL 60653
Commercial · 7 Beds4240 S Calumet Avenue Overview
- Time on Site:
- 20 days
- Visits:
- 0
7.5 CAP Breathe Rare Air. The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards with over 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset in the Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwavering commitment to excellence. From intelligent design choices to extensive renovations and improvements that prioritize durability, modernity, and lifestyle, they ensured no detail is overlooked. Their approach integrates a long-term vision with a hands-on philosophy, balancing aesthetic appeal and functionality while fostering strong tenant communities. A rare opportunity to obtain a sizeable AAA turnkey footprint from the best of the best. Welcome to 4240-42 S Calumet set in well located Dynamic Bronzeville 1/4 block to Green Line , Pendalton Park, 2 blocks to the future 100M Bronzeville Trail connecting to Chicago's world class Lakefront offering a stately elegant masonry and limestone fully stabilized center entrance side by side 6 residential units + 8 gated parking spaces spanning 50 feet of frontage. Originally developed as condominiums, the development team de converted and completed an extensive renovation and notable documented capital improvements offering abundant choice for numerous investment objectives. Craftsman designed iron fencing, inspired botanical garden park like setting rivaling arboretum status, zoned irrigation system inclusive of grounds controlled by phone app, cobbled granite pavers, edging banded in Cor-ten steel often used for monumental sculptures like Chicago's Picasso, exotic tree placards emulating the Botanical Gardens listing the origin, name and year planted. Intelligent expansive and diverse floorplans, unit mix offering includes: (2) extraordinary 4-bedroom 3 bath duplexes which live like single family homes, (4) expansive exceptional 3 bedroom 2 baths all with generous open flow, exposed brick, crown molding, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, heated floors, composite rear decking, common area hotel caliber, intricate mill work and professional grade art offer a coveted branded lifestyle and a soft sampling of the exhausting list of unit features. 127,872.17 NOI Please see brokers private remarks for additional scalable opportunities.
4240 S Calumet Avenue Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 28627
- Electric Expense: 1021
- Fuel Expense: 0
- Gross Income: 191424
- Gross Scheduled Income: 191424
- Insurance Expense: 11262
- Maintenance Expense: 5491
- Net Operating Income: 127872
- Operating Expense: 46153
- Trash Expense: 2585
- Water Sewer Expense: 3542
Building Information
- Year Built: 1900
Business Information
- Current Use: Multi-Family
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Grand Boulevard
- Township: Hyde Park
Rent/Lease Information
- Lease Term: 12 Months
- Tenant Pays: Air Conditioning, Electricity, Heat, Other, Hot Water
Tax Information
- Tax Annual Amount: $14,772.67
- Tax Year: 2024
General Information
- Parcel Number: 20031120510000
- Possible Use: Condominium
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
General Information
- Basement: Finished
- Cooling: Central Air
- Electric: Circuit Breakers
- Foundation Details: Concrete Perimeter
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: City Street
- Lot Size Dimensions: 50 X 129.85
- Lot Size Square Feet: 6493
Building Exterior/Construction
- Construction Materials: Brick, Stone
General Information
- Number Of Units Total: 6
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 4
- Baths Total: 3
- Units Total: 2
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 3
- Baths Total: 2
- Units Total: 4
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
4240 S Calumet Avenue Neighborhood
Community
60653 (Chicago) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.4240 S Calumet Avenue Monthly Cost
4240 S Calumet Avenue Market Data
Based on the last 30 days in this zip code
4240 S Calumet Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/15/2026Source: MRED | Active |
|
| 6/10/2026Source: MRED | June 10, 2026 |



























































































































