Map of Property

4501 S Calumet Ave

4501 S Calumet Ave, Chicago, IL 60653

  • For Sale $4,600,000
  • Property Type Office - General Office
  • Property Size 11,652 SF
  • Units 20
  • Lot Size 0.13 Acre
  • Building Class B
  • Year Built 1888
  • Date Updated Apr 8, 2025
CRER is pleased to present 4501 S. Calumet, a 20-unit multifamily building located in the south side Chicago neighborhood of Bronzeville. The desirable unit mix includes (10) three-bedroom, (8) two-bedroom, and (2) one-bedroom units with 75% of the units having more than one bathroom. Each unit features spacious layouts with condo-quality finishes, hardwood floors, and in-unit laundry. There is an option to assume the existing loan with an interest rate of 3.94% and LTV of 75% based off list price. The building underwent a stunning renovation in 2020 that leaves no stone unturned. From the façade to the mechanical systems, the entire building has been upgraded, enabling this property to operate at maximum efficiency. This is an opportunity for an investor to acquire a turnkey property in a fast-appreciating neighborhood with 20% upside in the current rents.
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Contacts

broker
Finley Askin

Chicago Real Estate Resources

Location

Getting Around

  • Walk Score ®

    78/100 Very Walkable

  • Transit Score ®

    73/100 Excellent Transit

  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Bronzeville
  • Zip Code 60653
  • Market Chicago

Points of Interest

  • Garfield

    1.24 miles

  • 35th-Bronzeville-IIT

    1.39 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    1.45 miles

  • 51st-53rd Street (Hyde Park)

    1.77 miles

  • 55th-56th-57th Street

    2.09 miles

  • 63rd Street

    2.70 miles

  • Halsted

    2.71 miles

  • Cermak-McCormick Place

    2.74 miles

  • Ashland

    3.05 miles

  • UIC-Halsted (Halsted Street)

    4.59 miles

  • BP

    0.38 miles

  • Citgo

    0.73 miles

  • GoLo

    0.79 miles

  • Mobil

    1.06 miles

  • Amstar

    1.23 miles

  • Super Save

    1.27 miles

  • ChargePoint

    1.79 miles

  • eVgo

    3.85 miles

  • Blink

    3.86 miles

  • Tesla Supercharger

    4.06 miles

  • Garfield Park & Ride

    1.19 miles

  • Lot L

    1.21 miles

  • Lot F

    1.29 miles

  • Tailgate Lot

    1.35 miles

  • VIP Lot E

    1.38 miles

  • Player Lot

    1.39 miles

  • VIP Lot D

    1.47 miles

  • Bus Parking

    1.49 miles

  • Lot A

    1.54 miles

  • Lot B

    1.54 miles

  • Amber Inn Motel

    0.76 miles

  • Sophy Hotel

    1.66 miles

  • Chicago Lake Shore Hotel

    1.75 miles

  • Hyatt Place Chicago-South/University Medical Center

    1.75 miles

  • The Study at the University of Chicago

    2.22 miles

  • The Polo Inn

    2.24 miles

  • Wyndham Chicago McCormick Hotel

    2.30 miles

  • Benedictine Bed and Breakfast

    2.50 miles

  • Best Motel

    2.59 miles

  • SpringHill Suites Chicago Chinatown

    2.65 miles

  • Dirty Tiff's Cafe

    0.27 miles

  • Tony's Carryout

    0.35 miles

  • Bronzeville Wingz

    0.37 miles

  • Reggio's Pizza

    0.57 miles

  • Bronzeville Winery

    0.58 miles

  • Burger King

    0.59 miles

  • McDonald's

    0.60 miles

  • Uncle Remus

    0.60 miles

  • Mr. Captain Hook

    0.63 miles

  • Just Turkey Grill

    0.63 miles

  • Mollison Elementary School

    0.17 miles

  • James W Shelton Senior School

    0.29 miles

  • Well Home

    0.29 miles

  • James Farmer Jr. Elementary School

    0.47 miles

  • Woodson Elementary School

    0.49 miles

  • Corpus Christi School

    0.53 miles

  • Horner School

    0.54 miles

  • Beethoven Elementary School

    0.56 miles

  • Saint Elizabeth School

    0.61 miles

  • Saint Elizabeth Headstart

    0.62 miles

  • UChicago Child Development Center - Drexel

    1.57 miles

  • Child's World Academic Inc.

    2.85 miles

  • The Goddard School

    2.95 miles

  • Shiloh Nursery

    3.18 miles

  • KinderCare

    3.43 miles

  • DJ Brooks Child Development Center

    3.45 miles

  • Englewood Messiah Lutheran Headstart

    3.68 miles

  • Teddy Bear Pre-School

    3.86 miles

  • A Child’s Space

    3.94 miles

  • Childrens Hour Pre-School Center

    4.15 miles

Frequently Asked Questions

How much does 4501 S Calumet Ave cost?

The space currently listed for sale at 4501 S Calumet Ave asks for $4,600,000.

What is the total square footage of 4501 S Calumet Ave?

4501 S Calumet Ave totals 11,652 square feet.

When was this property built?

4501 S Calumet Ave was built in 1888.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Finley Askin

Chicago Real Estate Resources

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