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    392 Luella Ave Calumet City, IL 60409

    New
    For Sale
    $290,000

    Residential Income - Calumet City, IL

    Days on Market:
    4
    Last Refresh:
    Dec 15 at 3:06 am

    Property Features for 392 Luella Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    29122160300000
    Parking
    2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1973
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Bobbie Warren (708) 634-0103 License #475132085

    Listing date Dec 12, 2025

    MLS# 12519860 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Calumet City Multiunit Building

    This multiunit building in Calumet City, Illinois, is available for purchase. The property features a newer architectural shingle roof, updated electric and plumbing systems, and individual unit HVAC systems. A tankless water heater is also present. The property includes a two-car detached garage and is designed for low maintenance. The seller is motivated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Calumet City
    County
    Cook
    State
    Illinois
    Longitude
    -87.5678756
    Latitude
    41.6256875

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    FAQs

    What type of property is this?
    Multifamily property - Multiunit building with updated systems and detached garage.
    Where is this multifamily property located?
    The property is located at 392 Luella Ave Calumet City, IL.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: - Newer roof with architectural shingles for lasting protection.; - Updated electric and plumbing systems throughout.; - Individual unit HVAC for personalized comfort.
    (708) 634-0103
    Request Owner's contact information
    392 Luella Ave Calumet City, IL 60409
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    Calumet City, IL 60409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    392 Luella Ave Calumet City, IL 60409
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