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$555,000
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Property Description
Incredible Investment Opportunity! This well-maintained 9-unit multifamily building featuring separate living and dining areas in each unit, offering excellent rental appeal and consistent monthly revenue. Partially renovated, the property in few updated units, refinished hardwood floors, new kitchen countertops, and fresh paint throughout the common areas. Recent improvements include a new roof (2019), energy-efficient hot water tank, individual furnaces, and energy-saving upgrades throughout the building. The property is fully occupied, making it a true turnkey investment with a solid return. Additional highlights include a 6-car garage, enclosed back porches, potential storage areas for tenants, a property management office, and a large backyard perfect for summer gatherings or future enhancements. Don't miss your chance to own a stable income-producing asset in a strong rental market!
Full Property Details
Full Property Details for 7918 S Calumet Ave
General
- Sold For: $555,000
- Taxes: $7,333 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12435373
- Added to Site: 409 day(s) ago
Location
- Area: CHI - Chatham
- County: Cook
- Driving Directions: Martin Luther King Dr to E. 79th, west on 79th to Calumet, south to address
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Year Built: 1926
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: less than .25 acre
- Zoning: COMMR
Financial Considerations
- Operating Expenses: $28,133
- Assessment Year: 1926
- Tax Amount: $7,333
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 20341040250000
Listed by Prince Realty Group LLC
Sold by Blue Door Dave Inc
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Schools
Schools serving 7918 S Calumet Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ruggles Elementary School 7831 South Prairie Avenue, Chicago, IL 60619 | K-8 | 0.1 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 7918 S Calumet Ave
Date
Details
Price
Change
Source
9/04/2026
Sold
$555,000
-5.93%
MLS
4/22/2026
Price Reduced
$590,000
-6.35%
MLS
8/01/2025
Listed
$630,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7918 S Calumet Avenue, Chicago, IL 60619 (MLS# 12435373) is a Commercial property that was sold at $555,000 on September 04, 2026. Want to learn more about 7918 S Calumet Avenue? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

