322 Luella Avenue, Calumet City, IL 60409

Calumet City
Local realty services provided by:Better Homes and Gardens Real Estate Connections
322 Luella Avenue,Calumet City, IL 60409
$275,000
  • 5 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: aquatoneice percy
Office: coldwell banker realty
MLS#:12793128
Source:MLSNI

Price summary

  • Price:$275,000

About this home

Income-Producing Two- Unit Building in Calumet City! Great opportunity for both investors and owner-occupants. This solid, well-maintained two-unit building features a nicely updated first-floor unit with 2 bedrooms and 1 bathroom, and a second-floor unit that offers 3 bedrooms and 1 bathroom, and an opportunity for the next owner to add their own personal touches and build additional value. Both units are currently occupied and generate a combined monthly rental income of $2,749, representing $32,988 in annual gross rental income. Each unit has its own individual heating system, providing added convenience and control. The building also features a brand-new hot water heater. Nestled in a strong rental market, this property is an excellent opportunity for investors looking to generate rental income or owner-occupants who want to live in one unit while renting out the other. Enjoy a convenient location with easy access to I-94 Expressway, Indiana State Line, Shopping, Restaurants, and...

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Home facts

  • Listing ID #:12793128
  • Updated:November 09, 2026 at 12:16 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:9
  • Basement Description:Partial, Unfinished

Heating and cooling

  • Heating:Gas

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$275,000
  • Tax amount:$9,486 (2025)

Parking

  • Total parking spaces:2
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:2
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