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30097979
30097980

4522 S Calumet Avenue, Chicago, IL 60653

KR
IL475.128895
@properties Commercial Chicago
Listed by @properties Commercial Chicago
$995,000
105 days on market
Updated 5 days ago

4522 S Calumet Avenue

Details
APN 20033160280000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex (+1)
Square Footage 5,238
Units 6
Cap Rate 7.50%
NOI $74,630
Occupancy 100%
Pro-Forma Cap Rate 9.28%
Pro-Forma NOI $100
Class C
Year Built 1880
Stories 3
Acreage 0.110
Zoning MULTI

Value-Add Bronzeville Multifamily with Strong Upside Potential via strategic cosmetic upgrades.

Marketing 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.
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Listing Contacts

KR
IL475.128895
@properties Commercial Chicago
Listed by @properties Commercial Chicago

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$74,630.00
$6,219.17/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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