Chicago, IL 60653 4240 S Calumet Avenue

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Presented By: North Clybourn Group, Inc.
  • MLS# 12385696
  • 06/05/2025
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Home Details

7.05 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 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. 129,387.03 NOI Please see brokers private remarks for additional scalable opportunities.
Presented By: North Clybourn Group, Inc.

Interior Features for 4240 S Calumet Avenue

Other Interior Features

BasementFinished

General for 4240 S Calumet Avenue

Additional Parcels Y/NYes
Association Fee IncludesNone
Cap Rate6.9
CityChicago
Construction MaterialsBrick, Stone
CoolingCentral Air
CountyCook
Current UseMulti-Family
DirectionsKING DR TO 43 ST W TO CALUMET N TO ADDRESS.
ElectricCircuit Breakers
Electric Expense814
Fuel Expense
Gross Income185280
Insurance Expense8895
Lot Size Square Feet6493
MLS AreaCHI - Grand Boulevard
MaintenanceExpense8730
ModificationTimestamp2025-06-09T20:46:02.907Z
Net Operating Income129387
Number Of Units Total6
Operating Expense46153
PossessionClosing, Tenant's Rights
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusNew
Stories3
Tax Annual Amount8547
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat, Sewer, Other, Hot Water
TownshipHyde Park
Trash Expense2096
Water Sewer Expense3312
Year Built1900
ZoningMULTI

Exterior for 4240 S Calumet Avenue

Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions50 X 129.85

Additional Details

Price History

Client Care

Price $1,835,000
MLS#12385696
List Date 06/05/2025
Property Type Multi-Family
Phone 847.485.2500
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