4240 S Calumet Ave - Apartments FOR SALE


Chicago, IL 60653- Bronzeville
$1,705,000 USD
773-610-8877
4240 S Calumet Ave, Chicago, IL for Sale
$1,705,000 USD
Apartments - FOR SALE
1/20
null | 7.5% Cap Rate

4240 S Calumet Ave
Chicago, IL 60653
Bronzeville


HIGHLIGHTS

  • Extensive capital improvements and high-end interior finishes.
  • Professionally landscaped grounds with irrigation and curated outdoor design.
  • Located near CTA Green Line, Pendleton Park, and planned Bronzeville Trail.
  • Strong tenant profile with lease expirations extending into 2027.

OVERVIEW

The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards withover 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset inthe Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwaveringcommitment to excellence. From intelligent design choices to extensive renovations and improvements that prioritize durability, modernity, andlifestyle, they ensured no detail is overlooked. Their approach integrates a long-term vision with a hands-on philosophy, balancing aesthetic appeal andfunctionality 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 100MBronzeville Trail connecting to Chicago's world class Lakefront offering a stately elegant masonry and limestone fully stabilized center entrance side byside 6 residential units + 8 gated parking spaces spanning 50 feet of frontage. Originally developed as condominiums, the development team deconverted 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.

FOR SALE DETAILS

PRICE

$1,705,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

6

PRICE/UNIT

$284,167

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RM-5

APN/PARCEL ID

20-03-122-051-0000

ASK ABOUT THIS PROPERTY

Karen BiazarThe Biazar GroupMore Info
773-610-8877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Karen BiazarThe Biazar GroupMore Info
773-610-8877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.