Active

4240 S Calumet Avenue

Chicago IL, 60653

$2,000,000


Active

Multi-family

Built in 1900

Courtesy of North Clybourn Group, Inc.

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 stabilized 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. NOI 125,490K SOME LOW LEVERED ASSUMABLE FINANCING POSSIBLE, Please see brokers private remarks for additional scalable opportunities.

12275823

MLS ID

January 22, 2025

Listed

January 28, 2025

Updated

Map

4240 S Calumet Avenue
Chicago IL, 60653

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres

Other Property Details

Area Name

CHI - Grand Boulevard


Taxes

$8,547


Tax Frequency

Annually


Days on Market

6


Garage

No


View

No


County

Cook


Municipality

Hyde Park


Pool

No


Zoning

MULTI

Courtesy of North Clybourn Group, Inc., Karen Biazar,
Listing Contact: 773-252-0600 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Brandon Samuels are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 1/28/2025. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2025 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 7:42 AM UTC, 1/28/2025

 

 

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