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4957 S Calumet Ave 4957 S Calumet Ave 15 Unit Apartment Building $2,800,000 ($186,667/Unit) 7.04% Cap Rate Chicago, IL 60615
Investment Highlights
- Access & Connectivity
- Dynamic Chicago Location
- Separately Metered Utilities
- Local Dining & Retail
- Desirable Brick Construction
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 4957 S Calumet Ave in Chicago, IL (the “Property”). The three-story building contains fifteen (15) 2-Bedroom/1-Bathroom units with 15,000 square feet of gross living area in 16,000 square feet of gross area. The Property is situated upon a 0.15-acre parcel and offers on-street parking. 4957 S Calumet Avenue is well-positioned in Chicago’s historic Bronzeville neighborhood, offering strong access to downtown Chicago and the surrounding residential corridors. The property benefits from convenient connectivity to major thoroughfares including Lake Shore Drive and the Dan Ryan Expressway (I-90/I-94), providing efficient regional access throughout Chicago and the broader metropolitan area, while remaining within close proximity to neighborhood retail, public transit, and lakefront amenities that support long-term residential demand.
Property Facts
| Price | $2,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $186,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.04% | Building Size | 16,000 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1902 |
| Zoning | R | ||
| Price | $2,800,000 |
| Price Per Unit | $186,667 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1902 |
| Zoning | R |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 20-10-117-014-0000 | Improvements Assessment | $148,300 |
| Land Assessment | $22,400 | Total Assessment | $170,700 |
Property Taxes
Parcel Number
20-10-117-014-0000
Land Assessment
$22,400
Improvements Assessment
$148,300
Total Assessment
$170,700
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4957 S Calumet Ave | 4957 S Calumet Ave
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