5341 South Calumet, Chicago IL 60615
Property Description
WASHINGTON PARK - FOR SALE: Exceptional value-add opportunity in Chicago's Washington Park neighborhood. This 6-unit building features six (3BD/1BA) apartments, all currently vacant and ready for a full gut rehab. Once renovated, the property offers significant rental upside with strong demand and income potential for 3-bedroom units in the area. The layout also provides an opportunity to add two garden apartments. Key features include two 2-car garages and a sizable backyard lot. Ideally located minutes from the University of Chicago, public transit, and ongoing neighborhood development projects. Perfect for investors or developers seeking a high-upside reposition.
Features & Information
Key Details
- List Price $400,000
- Property Taxes $9,036
- Price/ Sq. Ft. Unavailable
- Year Built 1907
- Status Contingent
Building Information
- Age of Building Older
- Exterior Construction Brick
- Heating & Cooling None
Location
- County Cook
- Directions to Property Continue Onto I-55 S. Take Exit 293b To Merge Onto I-90 E/i-94 E. Take Exit 56b Toward 47th St. Merge Onto S Wentworth Ave. Continue Straight Onto S Wells St. Turn Left Onto W 51st St. Turn Right Onto S Prairie Ave. Turn Left Onto E 53rd St. Turn Right On
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Property Taxes
- Tax 9036
- Parcel Identification Number 20103130080000
Listed by: Horvath & Tremblay IL, LLC | Phone: 312.361.1643
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/27/2025 5:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Washington Park
For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.
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