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Active - Other for sale
Chicago, IL
Facts & features
Why you’ll love it
Exceptional opportunity to acquire a 100% occupied, income-producing six-unit brick multifamily asset in Chicago's Washington Park neighborhood. The property generates approximately $9,082 in current monthly income / $108,984 annualized, providing established cash flow from day one. Positioned just south of a significant wave of institutional and private investment, 5648 S. Calumet offers investors both current income and exposure to the continued development of the greater Washington Park/Hyde Park area. Nearby investment includes the planned UChicago Medicine Washington Park Laboratory and Malcolm X College South Campus, Abrams Intergenerational Village, the XS Tennis Hotel & Residences, and the new Deeply Rooted Center for Black Dance and Creative Communities. Collectively, these projects represent approximately $480 million+ in identified nearby healthcare, education, housing, hospitality, sports and cultural investment. The property features six residential units, separate electric meters, central heat with individual controls, RM-5 zoning, and a spacious unfinished basement that may provide future value-add or additional income potential, subject to zoning, permitting and City of Chicago approval. Conveniently located near Washington Park, the University of Chicago, the Obama Presidential Center, CTA transit and the broader Hyde Park institutional and employment base. An attractive opportunity for investors seeking a fully occupied Chicago multifamily asset with established income, manageable scale and long-term neighborhood growth potential.
Listings courtesy of Quality Keystone Management LLC as distributed by MLS GRID.
Listed by: La Teresa Fenner • Quality Keystone Management LLC
Co-listed by: Quality Keystone Management LLC
Source: MRED as distributed by MLS GRID, MLS#: 12762000
Based on info available as of Nov 13, 2026 at 7:32 PM EST.
Come see by yourself
Affordability
$4,778/mo
- Mortgage$4,040
- Property tax$738
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$15,980 Credit back
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Travel times
About Chicago
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 07:32pm EST. 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.
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$15,980 Credit back
