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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12762000
Maintenance Fees $1,000
Year Built 1892
Annual Tax Amount $8,850
Tax Year 2025
Lot Dimensions 35x133
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Area Chi - Washington Park
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick,Brick/Stone Msn Pred
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Listed by La Teresa Fenner of Quality Keystone Management LLC
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