Address
5648 S Calumet Avenue, Chicago, IL
Price
$ 799,000
Property Attributes
- MLS#12762000
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Washington Park
- NeighborhoodWashington Park
- Zip60637
- Style
- Year Built1892
- Taxes$ 8850
- Price$ 799,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.106864 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Discover a remarkable investment opportunity with this 100% occupied, income-producing 6-unit multifamily property, featuring long-term residents-some tenants have been here for over 20 years. This immaculate brick building not only generates immediate rental income but also represents a stable investment. The spacious unfinished basement offers endless possibilities for additional revenue by creating a future residential unit, pending zoning, permitting, and city approval. Buyer, please do your due diligence. Conveniently located near the Obama Presidential Center, Washington Park, and the University of Chicago, this property is ideal for savvy investors seeking reliable cash flow and the potential for future growth. Don't miss out on this incredible opportunity to enhance your investment portfolio. Contact the listing agent today for more information and take the first step towards securing your financial future!
| Price History | |
|---|---|
| 9/17/2026 | Listed $799,000 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Possession | Closing |
| Zoning | MULTI |
| Construction Materials | Brick,Brick/Stone Msn Pred |
| Year Built | 1892 |
| Electric | Separate Meters |
| Tenant Pays | Air Conditioning,Electricity,Other |
| Stories Count | 3 |
| Township | Hyde Park |
| Tax Year | 2025 |
| Gross Income | 8287 |
| County | Cook |
| Net Operating Income | 72295 |
| Operating Expense | 29549 |
| Insurance Expense | 6100 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 1000 |
| Status | Active |
| Directions | I-94 to 59th St,east to Indiana Ave,north to 57th St,east to Calumet Ave,south to 5648 S Calumet Ave |
| City | Chicago |
| Number Of Units Total | 6 |
| MLS Area | CHI - Washington Park |
| Lot Size Square Feet | 4655 |
| Tax Annual Amount | 8850.92 |
| Electric Expense | 531 |
| Fuel Expense | 4118 |
| Trash Expense | 4493 |
| Water Sewer Expense | 2257 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
| Cap Rate | 9.04 |
Interior Features
| Basement | Unfinished |
|---|
Exterior Features
| Lot Dimensions | 35x133 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60637
Price
Taxes
Year Built
Visits
