$929,000

4522 S Calumet Avenue, Chicago IL, 60653

Price per sqft$177.36

Built in1880

Property size5,238 sqft

Property typeMulti-family

Bought with Brandice Hampton with Baird & Warner and Listed by Kevin Rocio with @properties Commercial 312-337-0200

Overview

Sold

Closed

Listed Apr 1, 2026

Updated Sep 5

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.

Additional information

MLS^® ID: 12606788

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: Yes

Exterior Features

Lot Size: 0.11 Acres

Other Property Details

Taxes: $12,716
Tax Frequency: Annually
Maintenance Expense: $3,000

Bought with Brandice Hampton with Baird & Warner and Listed by Kevin Rocio with @properties Commercial 312-337-0200

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Based on information submitted to the MLS GRID for MRED 9/5/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

Data is refreshed every 3 hours. Listing last updated 3:30 AM UTC on 9/5/2026.

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