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About the Listing 88938 - 1009726
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.
Listing Highlights for 5648 S Calumet Ave
Interior Details
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Central Heat/Indiv Controls
- Fireplaces: 0
- Floor:
- Basement: Unfinished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 35x133
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
- Parking Features: Parking-Street
Financial Details
- Tax Amount: $8,851
- Taxes w/Assessments: N/A
- Tax/Property ID: 20151110230000
- Tax Year: 2025
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Listing Location
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5648 S Calumet Ave Chicago, IL 60637
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