7936 S Calumet Avenue, Chicago IL 60619
Property Description
Welcome to this exceptional legal 3-flat nestled on a beautiful, sunny street in Chicago's sought-after Chatham neighborhood. Originally configured as a 2-flat, this property has been transformed into a 3-unit building, offering the kind of income-producing versatility savvy investors are looking for. The property features established rental income today, with the potential for even greater income in the future. A basement development project has already been started, with rough plumbing and electrical work in place, creating an exciting opportunity for the next owner to continue the project and maximize the property's potential. From its attractive location to its multiple income-producing units and future possibilities, this property offers an excellent foundation for building long-term real estate wealth. Enjoy convenient access to transportation, shopping, dining, schools, parks, and the many amenities that make Chatham a desirable Chicago community. Whether you're an experienced investor looking to expand your portfolio or an owner-occupant seeking a property with income potential, this versatile 3-flat offers an exciting combination of established cash flow and future upside. Properties with this level of potential don't come along every day-schedule your private showing today!
Features & Information
Key Details
- List Price $415,000
- Property Taxes $3,376
- Year Built 1923
- Status Price Change
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 6
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Hardwood Floors
- Rent $1,316/mo
- Tenant Pays Electric,Gas
- Lease Expires 06/27
-
Unit 2
- Floor 2
- Rooms 7
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Hardwood Floors
- Rent $1,400/mo
- Tenant Pays Electric
- Lease Expires 03/27
-
Unit 3
- Floor 3
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays Other
- Lease Expires unk
Exterior Features
-
Parking
- # of Cars: 2.5
Building Information
- Number of Units 3
- Age of Building 100+ Years
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property From North, Take Dan Ryan Expwy To 79th St And Turn Left. Drive To 336 E. And Make Right Turn To Address. From South, Take Dan Ryan Expwy To 79th St And Turn Right. Drive East To 336 E. And Make A Right Turn To Address.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 3376
- Tax Year 2023
- Parcel Identification Number 20341040300000
Listed by Terri Conway for Keller Williams ONEChicago | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 9/29/2026 4:02 AM. 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 Chatham
A strong history of prestigious African American-owned businesses established a solid base for a prosperous and successful Chicago neighborhood that is still present in Chatham and spills over into beautiful residential blocks and a viable commercial and dining district. Single-family homes dominate the neighborhood with a handful of multi-unit buildings here and there. But, for the most part Chatham residents live in classic bungalows and frame houses with small green yards and shaded front sidewalks. Along the main thoroughfares dozens of restaurants, takeout places, and neighborhood bars line the street, welcoming familiar faces to enjoy a meal and relax after a long day. Scattered among the eateries are a good selection of clothing stores and unique boutiques, with a Target on hand for the best in one-stop shopping.
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