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0 Beds

$799,000

5648 S Calumet Avenue, Chicago IL, 60637

Price per sqftN/A
Built in1892
Property typeMulti-family
Listed by La Teresa Fenner with Quality Keystone Management LLC 708-920-9818

Overview

Active

Listed Sep 16, 2026

Updated 41h ago

Exceptional opportunity to acquire a 100% occupied, income-producing six-unit brick multifamily asset in Chicago's Washington Park neighborhood. The property generates approximately $9,082 in current monthly income / $108,984 annualized, providing established cash flow from day one. Positioned just south of a significant wave of institutional and private investment, 5648 S. Calumet offers investors both current income and exposure to the continued development of the greater Washington Park/Hyde Park area. Nearby investment includes the planned UChicago Medicine Washington Park Laboratory and Malcolm X College South Campus, Abrams Intergenerational Village, the XS Tennis Hotel & Residences, and the new Deeply Rooted Center for Black Dance and Creative Communities. Collectively, these projects represent approximately $480 million+ in identified nearby healthcare, education, housing, hospitality, sports and cultural investment. The property features six residential units, separate electric meters, central heat with individual controls, RM-5 zoning, and a spacious unfinished basement that may provide future value-add or additional income potential, subject to zoning, permitting and City of Chicago approval. Conveniently located near Washington Park, the University of Chicago, the Obama Presidential Center, CTA transit and the broader Hyde Park institutional and employment base. An attractive opportunity for investors seeking a fully occupied Chicago multifamily asset with established income, manageable scale and long-term neighborhood growth potential.

$5,316/mo

Est. mortgage payment based on a $799,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12762000

Interior Features

Bedrooms
0
Cooling
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$8,851
Tax Frequency
Annually
Maintenance Expense
$1,000
MLS provider logo

Listed by La Teresa Fenner with Quality Keystone Management LLC 708-920-9818

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Data is refreshed every 3 hours. Listing last updated 4:02 AM UTC on 10/5/2026. 

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