4524 S Calumet Ave | Chicago, IL 60653
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4524 S Calumet Ave
Chicago, IL 60653
Multifamily Property For Sale · 6 Units
Executive Summary
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.
PROPERTY FACTS
Price Per Unit | $165,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.11 AC |
Cap Rate | 7.12% | Building Size | 7,200 SF |
Gross Rent Multiplier | 9.15 | Average Occupancy | 100% |
No. Units | 6 | No. Stories | 3 |
Property Type | Multifamily | Year Built/Renovated | 1877/2015 |
Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
Apartment Style | Low Rise |
Price Per Unit | $165,000 |
Sale Type | Investment |
Cap Rate | 7.12% |
Gross Rent Multiplier | 9.15 |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.11 AC |
Building Size | 7,200 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built/Renovated | 1877/2015 |
Parking Ratio | 0.41/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 4 | $1,409 | - |
3+2 | 2 | $1,800 | - |
PROPERTY TAXES
Parcel Number | 20-03-316-028-0000 | Improvements Assessment | $54,554 |
Land Assessment | $16,447 | Total Assessment | $71,001 |
PROPERTY TAXES
Parcel Number
20-03-316-028-0000
Land Assessment
$16,447
Improvements Assessment
$54,554
Total Assessment
$71,001
zoning
Zoning Code | MULTI |
MULTI |
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