5341 S Calumet Avenue, Chicago, IL 60615 - Photo 1

1/1

$350,000

Sold
Closed
Commercial

1/1

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.

Full Property Details

Full Property Details for 5341 S Calumet Ave

General

Sold For: $350,000
Taxes: $9,036 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12491804
Added to Site: 99 day(s) ago

Location

Area: CHI - Washington Park
County: Cook
Driving Directions: 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 onto S Calumet Ave.

Heating & Cooling

Heating Type: None

Structural Information

Construction: Brick
Exterior Const.: Brick
Stories/Levels: 3
Year Built: 1907
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 9,600
Lot Dimensions: 50 x 170

Financial Considerations

Operating Expenses: $9,036
Assessment Year: 1907
Tax Amount: $9,036
Tax Year: 2023

Disclosures and Reports

Property ID: 20103130080000

Listed and Sold by Horvath & Tremblay IL, LLC

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— 5341 S Calumet Ave —

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Schools

Schools serving 5341 S Calumet Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Burke Elementary School 5356 South King Drive, Chicago, IL 60615	PK-8	0 mi
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653	12-11	1.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5341 S Calumet Ave

Date

Details

Price

Change

Source

11/20/2025

Sold

$350,000

-12.5%

MLS

10/09/2025

Listed

$400,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Just Listed

$349,000

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Single Family
Active
Updated 3 days ago

4
Beds
2
Total Baths
1,381
Sq. Ft.

5507 W Cermak Rd, Cicero, IL 60804 - Photo 1

Just Listed

$349,900

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Commercial
Active
Updated 4 days ago

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Just Listed

$309,900

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Multi-Family
Active
Updated 2 days ago

4
Total Beds

1826 S 49th Ct, Cicero, IL 60804 - Photo 1

Just Listed

$459,000

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Single Family
Active
Updated 2 days ago

5
Beds
2
Total Baths
1,900
Sq. Ft.

1809 S 49th Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$10,000 (-3.23%)

$299,900

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Multi-Family
Active
Updated 4 days ago

3
Total Beds

3419 S 54th Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$6,000 (-1.35%)

$439,900

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Multi-Family
Active
Updated 1 day ago

5
Total Beds

5734 W Cermak Rd, Cicero, IL 60804 - Photo 1

Price Reduced

-$36,000 (-5.26%)

$649,000

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Lots/Land
Active
Updated 1 day ago

1638 S Central Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$2,000 (-0.73%)

$272,900

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Single Family
Active
Updated 21 hours ago

4
Beds
2
Total Baths
1,700
Sq. Ft.

5013 S King Dr, Chicago, IL 60615 - Photo 1

Sold

$312,000

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Condo
Closed

3
Beds
3
Total Baths
2,300
Sq. Ft.

Listed by Harry Rivera and Zenaida Rivera

4931 S Prairie Ave, Chicago, IL 60615 - Photo 1

Sold

$320,000

4931 S Prairie Ave #2 Chicago, IL 60615

Condo
Closed

3
Beds
2
Total Baths
1,584
Sq. Ft.

5039 S Michigan Ave, Chicago, IL 60615 - Photo 1

Sold

$310,000

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Condo
Closed
Updated 1 day ago

3
Beds
3
Total Baths
1,700
Sq. Ft.

4520 S King Dr, Chicago, IL 60653 - Photo 1

Sold

$319,900

4520 S King Dr #4B Chicago, IL 60653

Condo
Closed

3
Beds
3
Total Baths
1,750
Sq. Ft.

5341 S Calumet Avenue, Chicago, IL 60615 (MLS# 12491804) is a Commercial property that was sold at $350,000 on November 20, 2025. Want to learn more about 5341 S Calumet Avenue? Do you have questions about finding other Commercial real estate for sale in Washington Park? You can browse all Washington Park real estate or contact a Coldwell Banker agent to request more information.

5341 S Calumet Ave Chicago, IL 60615