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$995,000
Est. payment /mo
5,238 SqFt
UPDATED:
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
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Listed by Kevin Rocio of @properties Commercial