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About This Home

This 20-bedroom, 14-bathroom residential multi family at 4240 S Calumet Avenue in Chicago, IL is listed for $1,705,000. Built in 1900, on a 0.15 acres lot.

Agent Description

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 sta

bilized 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.

Key Features

  • Built in 1900
  • 0.15 acre lot
  • 3 stories

Property Details

3 stories
14 full
1900

Amenities

A/C

Monthly Cost Estimate

$9,119/mo

20% down · 6.5% · 30 years

Principal$1,233
Interest$7,388
Insurance$497

Estimates only. Actual payments may vary.

Location

4240 S Calumet Avenue

Chicago, IL 60653

Property Details

Construction

Brick Stone

Cooling

Central Air

Questions & Answers

This 20-bedroom, 14-bathroom residential multi family at 4240 S Calumet Avenue is listed at $1,705,000. The estimated monthly payment is $7,388 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.15 acre lot, 3 stories.

This property is listed by Karen Biazar and can be reached at (773) 252-0600 or karen@northclybourngroup.com.

KB

Karen Biazar

Agent at North Clybourn Group, Inc.

(773) 252-0600

Listed by North Clybourn Group, Inc. · View on Broker Site

MLS# 12673264· Source: listhub· Updated 1 days ago

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4240 S Calumet Avenue, Chicago, IL 60653

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