7918 S Calumet Avenue, Chicago, IL 60619
Cook County
Key Facts
Description
Incredible Investment Opportunity! This well-maintained 9-unit multifamily building featuring separate living and dining areas in each unit, offering excellent rental appeal and consistent monthly revenue. Partially renovated, the property in few updated units, refinished hardwood floors, new kitchen countertops, and fresh paint throughout the common areas. Recent improvements include a new roof (2019), energy-efficient hot water tank, individual furnaces, and energy-saving upgrades throughout the building. The property is fully occupied, making it a true turnkey investment with a solid return. Additional highlights include a 6-car garage, enclosed back porches, potential storage areas for tenants, a property management office, and a large backyard perfect for summer gatherings or future enhancements. Don't miss your chance to own a stable income-producing asset in a strong rental market!
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1926
Stories
2
Lot Dimensions
less than .25 acre
Zoning
COMMR
Days on Market
281
MLS® Listing#
12435373
Property Features
Basement
Construction
Foundation
Financial Details
Annual Taxes
$7,333
Tax year 2023
Parcel Number
20341040250000
Directions
Martin Luther King Dr to E. 79th, west on 79th to Calumet, south to address
Affordability Calculator
$118,000
Estimated monthly payment
$3,140/mo
Principal $472,000 · Est. interest $658,482 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $388,575
- Median Listing Price
- 36
- Median Days on Market
- 1,400
- Median Sq Ft
- $275
- Median Price / Sq Ft
- 4,277
- Active Listings
- This home’s price is 52% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Chicago Public Schools
Elementary · 0.1 mi away
St Dorothy's School
School · 0.3 mi away
Dixon Elementary School
Elementary · 0.6 mi away
Lenart Elementary Regional Gifted Center
Elementary · 0.6 mi away
Hirsch Metropolitan High School
Secondary · 0.8 mi away
John T Pirie Fine Arts and Academic Center
School · 0.8 mi away
Neil Elementary School
Elementary · 0.8 mi away
Tanner Elementary School
Elementary · 0.9 mi away
New Concept School
School · 0.9 mi away
Deneen Elementary School
Elementary · 0.9 mi away
Betty Shabazz International Charter School
Elementary · 0.9 mi away
Chicago Public Schools
Elementary · 0.9 mi away
Perspectives Leadership Academy
Secondary · 0.9 mi away
Chicago Public Schools
Elementary · 1.0 mi away
Simeon Career Academy School
School · 1.0 mi away
Arthur Ashe Junior Elememtary School
Elementary · 1.1 mi away
James E. McDade Classical School
Elementary · 1.1 mi away
Park Manor Elementary School
Elementary · 1.2 mi away
Chicago Sda Academy
School · 1.2 mi away
Gary Comer College Prep
School · 1.2 mi away
Commute Calculator
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|---|---|---|---|---|
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| 4900 S Laramie Avenue, Chicago, IL | $414,900 | 4 | 2 | 3,772 |
| 303 W OHIO Street 2202, Chicago, IL | $415,000 | 2 | 1 | 1,000 |
| 3451 W 38th Street, Chicago, IL | $415,000 | 3 | 2 | 1,064 |
| 1751 W Chase Avenue, Chicago, IL | $415,000 | 3 | 3 | 1,170 |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Prince Realty Group LLC - 7733296648
Last Updated: 2025-08-01