4524 S Calumet Ave - Apartments FOR SALE


Chicago, IL 60653- Bronzeville
$950,000 USD
847-714-2913
4524 S Calumet Ave, Chicago, IL for Sale
$950,000 USD
Apartments - FOR SALE
1/9
null | 7.42% Cap Rate

4524 S Calumet Ave
Chicago, IL 60653
Bronzeville


OVERVIEW

4522 S. Calumet presents an exceptional investment opportunity: a meticulously gut-rehabbed six-unit walk-up in Chicago's thriving Bronzeville neighborhood. This property perfectly blends historic charm with modern luxury, situated on a premier block among new construction townhomes. Its prime location offers easy access to the diverse amenities of Hyde Park, Kenwood, and Bronzeville, attracting quality tenants who appreciate high-end finishes and urban convenience. The building boasts an ideal unit mix, featuring two (2) spacious 3bed/1.5bath duplex units and four (4) well-appointed 2bed/1ba simplex units. Each apartment showcases updated kitchens with modern, open layouts and renovated bathrooms, appealing to discerning renters. Completely gut-rehabbed to the bricks in 2014-2015, the property has been overhauled from plumbing and electricity to floors, ceilings, and roof, ensuring low maintenance costs for years. Additional amenities include a fenced-in backyard and on-site parking for four vehicles, further enhancing its appeal. 4522 S. Calumet offers investors a rare opportunity to acquire a turnkey, cash-flowing asset in one of Chicago's most promising and rapidly developing neighborhoods. With its strategic location, high-quality renovations, and strong rental demand, this property is poised for appreciation and stable returns in the burgeoning Bronzeville market.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

7.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1877

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,700 SF

ZONING

MULTI

APN/PARCEL ID

20-03-316-028-0000

ASK ABOUT THIS PROPERTY

Matthew NeistatJameson Commercial Real EstateMore Info
847-714-2913

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Matthew NeistatJameson Commercial Real EstateMore Info
847-714-2913

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