4400 S Calumet Ave - Apartments FOR SALE


Chicago, IL 60653
$7,100,000 USD
606-375-5398
4400 S Calumet Ave, Chicago, IL for Sale
$7,100,000 USD
Apartments - FOR SALE
1/17
null | 6.38% Cap Rate

4400 S Calumet Ave
Chicago, IL 60653


OVERVIEW

CRER is pleased to present “The 44,” a 31-unit multifamily building located in the south side Chicago neighborhood of Bronzeville. The desirable unit mix includes (3) three-bedroom, (22) two-bedroom, and (6) one-bedroom units. Each unit features spacious layouts with condo-quality finishes and in-unit laundry. Other on-site amenities include gated parking and 24-hour surveillance. The 44 underwent a stunning renovation that leaves no stone unturned, blending modern luxury with timeless elegance to offer an unparalleled living experience. From the facade 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.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

31

PRICE/UNIT

$229,032

CAP RATE

6.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 44

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1888

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,870 SF

ZONING

RM-5, Chicago

APN/PARCEL ID

20-03-310-019-0000

ASK ABOUT THIS PROPERTY

Finley AskinChicago Real Estate ResourcesMore Info
606-375-5398

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Finley AskinChicago Real Estate ResourcesMore Info
606-375-5398

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.