4240-42 S Calumet

Welcome to 4240-42 S Calumet set in well located Dynamic Bronzeville ¼ block to Green Line and adjacent the future 100M Bronzeville Trail connecting to Chicago’s world class Lakefront offering stately elegant masonry and limestone fully stabilized center entrance side by side 6 residential units + 8 gated parking spaces spanning 50 feet of frontage.

Originally developed as condominiums, the development team de converted and completed an extensive renovation and notable documented capital improvements offering abundant choice for numerous investment objectives. 

Craftsman designed iron fencing, inspired botanical garden park like setting rivaling arboretum status, zoned irrigation system inclusive of grounds controlled by phone app, cobbled granite pavers, edging banded in Cor-ten steel often used for monumental sculpture like Chicago’s Picasso, exotic tree placards emulating the Chicago Botanical Gardens listing the origin, name and year planted.

 Intelligent expansive and diverse floorplans, unit mix offering includes:  (2) extraordinary 4-bedroom 3 bath duplexes which live like single family homes, (4) expansive exceptional 3 bedroom 2 baths all with generous open flow, exposed brick, crown molding, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, heated floors,  composite rear decking, common area hotel caliber, intricate mill work and professional grade art offer a coveted branded lifestyle and a soft sampling of the exhausting list of unit features.  

$1,951,000/NOI $125,767.51, CAP Rate 6.4 – Assumable financing opportunity based on 30-day SOFR possible