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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
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

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
  • Listing ID: 34145511

  • Date on Market: 12/10/2024

  • Last Updated:

  • Address: 4524 S Calumet Ave, Chicago, IL 60653

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