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$799,000

  • For Sale
  • Active
  • Commercial
  • Updated 10 days ago
See This Home
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Discover a remarkable investment opportunity with this 100% occupied, income-producing 6-unit multifamily property, featuring long-term residents-some tenants have been here for over 20 years. This immaculate brick building not only generates immediate rental income but also represents a stable investment. The spacious unfinished basement offers endless possibilities for additional revenue by creating a future residential unit, pending zoning, permitting, and city approval. Buyer, please do your due diligence. Conveniently located near the Obama Presidential Center, Washington Park, and the University of Chicago, this property is ideal for savvy investors seeking reliable cash flow and the potential for future growth. Don't miss out on this incredible opportunity to enhance your investment portfolio. Contact the listing agent today for more information and take the first step towards securing your financial future!

Full Property Details for 5648 S Calumet Ave

General

  • Price: $799,000
  • HOA FEE: $1,000
  • Taxes: $8,850 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12762000
  • Updated: 9/22/2026
  • Added to Site: 16 day(s) ago

Interior

  • Basement: Unfinished
  • Interior Features: Storage Inside, Laundry Room

Location

  • Area: CHI - Washington Park
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: I-94 to 59th St, east to Indiana Ave, north to 57th St, east to Calumet Ave, south to 5648 S Calumet Ave

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Central Heat/Individual Controls

Utilities

  • Trash: 4493

Structural Information

  • Construction: Brick, Brick/Stone Msn Pred
  • Exterior Const.: Brick, Brick/Stone Msn Pred
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Stories/Levels: 3
  • Year Built: 1892
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Lot Features

  • Lot Size (Sq. Ft.): 4,655
  • Lot Dimensions: 35 x 133
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $1,000
  • Insurance Fee: $6,100
  • Operating Expenses: $29,549
  • Other Fee: $1,200
  • Assessment Year: 1892
  • Tax Amount: $8,850.92
  • Tax Year: 2025
  • Tenant Pays: Air Conditioning, Electricity, Other
  • Pays Electric: 531
  • Pays Trash: 4493

Disclosures and Reports

  • Property ID: 20151110230000

Listed by La Teresa Fenner

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Listing agent

— 5648 S Calumet Ave —

  • La Teresa Fenner

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5648 S Calumet Ave

School District:Chicago Public School District 299
NameGradesDistance
Carter Elementary School, Chicago, IL
5740 South Michigan Avenue, Chicago, IL 60637
PK-80.3 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-112.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5648 S Calumet Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/16/2026
Listed
$799,000
170.85%
MLS
9/23/2025
Sold
$295,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5648 S Calumet Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,445
—
$43,894
109%
2023
$4,445
3%
$20,999
—
2022
$4,333
2%
$20,999
—
2021
$4,235
1%
$20,999
11%
2020
$4,202
-2%
$18,864
-12%
2019
$4,307
2%
$21,437
—
2018
$4,235
-13%
$21,437
-5%
2017
$4,845
7%
$22,508
—
2016
$4,508
37%
$22,508
—
2015
$3,300
54%
$22,508
41%
2014
$2,140
3%
$15,936
—
2013
$2,078
-14%
$15,936
—
2012
$2,412
—
$15,936
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5648 S Calumet Ave

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NMLS#: 1598647

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Listed by La Teresa Fenner

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5648 S Calumet Avenue, Chicago, IL 60637 (MLS# 12762000) is a Commercial property. 5648 S Calumet Avenue is currently listed for $799,000 and was received on September 16, 2026. Want to learn more about 5648 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.

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