5319 South Calumet, Chicago IL 60615
$800,000

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Property Description

Strategic Investment Opportunity: 4-Unit Value-Add Near Obama Center Unlock Immense Appreciation in a Growing Tech & Cultural Hub Position yourself at the forefront of Chicago's South Side revitalization with this high-yield 4-unit property. Perfectly situated "right up the street" from the landmark Obama Presidential Center, which is confirmed to open in June 2026. This is a rare "blank canvas" opportunity to capitalize on a neighborhood where home values have already increased since the project's announcement. Key Investment Highlights: INCOME POTENTIAL: Rare 4-unit configuration featuring a legal two-bedroom basement garden suite, maximizing your rental yield. SIGNIFICANT CAPEX ALREADY COMPLETED: Heavy lifting is done with a new roof, new front columns, and a new balcony. All exterior doors, the back porch, and the secure sliding gate are less than 2 years old. "BLANK CANVAS REHAB: The interior is ready for a complete modern transformation, allowing you to build immediate equity through renovations tailored to high-demand rental trends. PREMIER LOCATION: Benefit from the massive economic boom expected to draw tens of thousands of visitors annually to the surrounding Woodlawn and South Shore areas. "When it opens in June, this place will be spectacular!" REVIEW FROM A GOOGLE USER about Barack Obama presidential library SEIZE THE OPPORTUNITY TO DOUBLE YOUR EQUITY before the global spotlight hits. Schedule a walkthrough today to see the potential for yourself.

Features & Information

Key Details

  • List Price $800,000
  • Property Taxes $6,370
  • Price/ Sq. Ft. Unavailable
  • Year Built 1910
  • Parking Type Space/s
  • Status Active

Rooms

  • Total Rooms 24
  • Basement F

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  6

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Forced Air, Radiant
  • Units

  • Unit 1 None
  • Unit 2 None
  • Unit 3 None

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property Exit South On Ryan 55th, East To Calumet, North To 5319
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 6370
  • Tax Year 2023
  • Parcel Identification Number 20103130030000

Utilities

  • Sewer Sewer-Publ

Listed by: Green Breeze Realty LLC | Phone: 773.344.6540
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 2/13/2026 12:02 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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