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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 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 5.74% | Building Size | 21,875 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | RM-5 - Multi-Family | ||
| 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
| Parcel Numbers | Improvements Assessment | $712,425 | |
| Land Assessment | $78,906 | Total Assessment | $791,331 |
Property Taxes
Parcel Numbers
Land Assessment
$78,906
Improvements Assessment
$712,425
Total Assessment
$791,331
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