4240 S Calumet AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60653
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12288851
Maintenance Fees $8,730
Year Built 1900
Annual Tax Amount $8,547
Tax Year 2023
Lot Dimensions 50 X 129.85
Property Sub-Type Multi Family 5+
Property Description
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. NOI 126,818.02k SOME LOW LEVERED ASSUMABLE FINANCING POSSIBLE, Please see brokers private remarks for additional scalable opportunities.
Location
State IL
County Cook
Area Chi - Grand Boulevard
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick,Stone
Others
HOA Fee Include None