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3920-3934 S Calumet Ave
Chicago, IL 60653
Multifamily Property For Sale · 21 Units

Investment Highlights

  • New construction completed in 2025.
  • Private terraces and in-unit laundry.
  • Three-bedroom, two-bath residences throughout.
  • Tankless water heaters and high-efficiency systems.

Executive Summary

3920-34 S Calumet Avenue offers a newly developed multifamily property consisting of seven three-flat buildings totaling 21 residential units. Constructed in 2025, the portfolio features three-bedroom, two-bathroom residences with contemporary interior finishes designed for long-term durability and tenant appeal. Units include stainless steel appliance packages, quartz islands, dedicated dining areas, wide-plank flooring, walk-in closets, in-unit laundry, tankless water heaters, private terraces, and individual high-efficiency mechanical systems. Each building includes a three-car garage, contributing to a total of 21 parking spaces. Located within Bronzeville, the portfolio benefits from proximity to downtown Chicago, public transportation, major employment centers, and neighborhood retail amenities. The combination of new construction, stabilized occupancy, and modern unit features creates an opportunity for investors seeking scale and operational efficiency within a single acquisition.

Property Facts

Price Per Unit $333,095
Sale Type Investment
Cap Rate 5.74%
No. Units 21
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 0.52 AC
Building Size 21,875 SF
No. Stories 3
Year Built 2025
Parking Ratio 1.43/1,000 SF
Opportunity Zone Yes
Zoning RM-5 - Multi-Family

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 21 - -

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 20-03-104-039-0000
  • 20-03-104-043-0000
  • 20-03-104-038-0000
  • 20-03-104-037-0000
  • 20-03-104-041-0000
  • 20-03-104-042-0000
  • 20-03-104-040-0000
Land Assessment
$78,906
Improvements Assessment
$712,425
Total Assessment
$791,331
  • Listing ID: 41623415

  • Date on Market: 8/10/2026

  • Last Updated:

  • Address: 3920-3934 S Calumet Ave, Chicago, IL 60653

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