4522 S Calumet AVE, Chicago, IL 60653
4522 S Calumet AVE, Chicago, IL 60653
4522 S Calumet AVE, Chicago, IL 60653
4522 S Calumet AVE, Chicago, IL 60653
4522 S Calumet AVE, Chicago, IL 60653
4522 S Calumet AVE, Chicago, IL 60653
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Legacy Property Management

Legacy Property Management

+1(224) 999-9200
$ 995,000
Est. payment | /mo

5,238 SqFt

Save
$ 995,000
Est. payment | /mo
Save

5,238 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Pending

Purchase Type For Sale

Square Footage 5,238 sqft

Price per Sqft $189

MLS Listing ID 12606788

Maintenance Fees $3,000

Year Built 1880

Annual Tax Amount $12,716

Tax Year 2024

Lot Size 4,791 Sqft

Lot Dimensions 129.5 x 36.5

Property Sub-Type Multi Family 5+

Property Description

Worth another look. Investor alert in Bronzeville. Solid 6-unit brick apartment building located at 4522 S. Calumet Ave offering strong in-place income with clear upside. The property features two spacious 3BD/1.5BA units and four 2BD/1BA units, totaling approximately 6,600 SF on a 6,000 SF lot. The building underwent a full permitted renovation in 2014, including updated plumbing, electrical, porches, masonry repairs, and interior upgrades, providing investors with a solid operational foundation. Currently, fully-occupied, this asset presents a classic Bronzeville value-add opportunity with simple cosmetic updates like refinished floors, fresh paint, and kitchen improvements offer the ability to push rents toward market levels and unlock additional NOI. Additional highlights include individual heating systems, individual hot water tanks, and three on-site parking spaces. Tenants pay gas and electric, helping keep operating costs predictable. Positioned in one of Chicago's fastest-evolving neighborhoods, the property sits near CTA Green and Red Lines, Interstate 90 access, Illinois Institute of Technology, the University of Chicago, and a growing list of retail and lifestyle amenities fueling continued demand. Stable building. Strong unit mix. Real upside. Opportunities like this in Bronzeville don't stay available long. Offering Memorandum available upon request.

Location

State IL

County Cook

Area Chi - Grand Boulevard

Zoning MULTI

Rooms

Basement Finished

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Sewer Connected, Cable Available

Building

Dwelling Type Multi Family 5+

Water Municipal Water

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Kevin Rocio of  @properties Commercial 

Nearby Locations

Legacy Property Management

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9200

propertymanagement@legacypropertiesil.com

1350 Remington Rd, Suite B, Schaumburg IL, Other

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4522 S Calumet AVE