Two-Flat Residential Income
For Sale
Contact for pricing
366 Luella Avenue, Calumet City, IL 60409
Two-flat home with six bedrooms and two-and-a-half bathrooms, sold as-is, for buyers seeking a residential income structure.
Property Size2,756 SF
Lot Size0.11 Acres
Days on Market70
Property Features for 366 Luella Avenue
General Information
Standard status
Active
Size
2,756 SF
Total Parking Spaces
2
Lot size
0.11 Acres
Property subtype
Multifamily
Building Details
Year Built
1969
Listing Agency:
Parkvue Realty Corporation
(312) 788-4040
Listed By:
Anthony Disano · License #471010606
Source:
Crexi
Added: Jun 12
Changed: Aug 15
Last Checked: Aug 20 at 12:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parkvue Realty Corporation
Investment Insights
Based on property information with market context.
This 2-flat style single-family home provides residential income potential in a duplex configuration, with approximately 2,756 square feet of living space on a 0.11-acre lot. The property is offered with six bedrooms and 2.2 bathrooms, with room sizes described as estimated and unverified. The home is being sold as-is, and a survey is not provided. Buyers should also note the presence of a buyer’s premium and that closing terms and timelines are subject to applicable HUD guidelines and Mortgagee Letter requirements.
The property is located at 366 Luella Avenue in Calumet City, Illinois. The listing also references an auction process, including a secondary “2nd Chance” event following a prior foreclosure auction. Final offer is subject to seller approval, with the seller having up to 15 calendar days to make a determination. The seller may cancel the sale at any time prior to closing without liability to the buyer, and there is no obligation to extend contract deadlines.
For investors or owner-occupants evaluating a two-unit style residential income asset, the key practical considerations are the duplex layout, the total bedroom and bathroom count, and the requirement to underwrite the home condition based on an as-is basis. The property is not available for rent, and buyers are responsible for all closing costs; buyers may also choose their own title and closing company or use the seller’s option where permitted by the transaction terms.
The property is located at 366 Luella Avenue in Calumet City, Illinois. The listing also references an auction process, including a secondary “2nd Chance” event following a prior foreclosure auction. Final offer is subject to seller approval, with the seller having up to 15 calendar days to make a determination. The seller may cancel the sale at any time prior to closing without liability to the buyer, and there is no obligation to extend contract deadlines.
For investors or owner-occupants evaluating a two-unit style residential income asset, the key practical considerations are the duplex layout, the total bedroom and bathroom count, and the requirement to underwrite the home condition based on an as-is basis. The property is not available for rent, and buyers are responsible for all closing costs; buyers may also choose their own title and closing company or use the seller’s option where permitted by the transaction terms.
Key Highlights
- 1969‑built 2‑flat home with approximately 2,756 sq ft of living space
- 6 bedrooms and about 2.2 bathrooms (about 2.5 baths referenced) across the two units
- 0.11‑acre lot
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
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Business Placement
Demographics for 60409, IL
36,045
Population
16,868
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
88%
High-School Grad
7.7 sq mi
ZIP Area
4,681
Density / Sq Mi
$53,991
Median Household Income
$37,389
Median Earnings
$1,138
Median Rent
$133,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-flat home with six bedrooms and two-and-a-half bathrooms, sold as-is, for buyers seeking a residential income structure.
Where is this duplex located?
The property is located at 366 Luella Avenue Calumet City, IL.
What are key features of this property?
This property features: 1969‑built 2‑flat home with approximately 2,756 sq ft of living space; 6 bedrooms and about 2.2 bathrooms (about 2.5 baths referenced) across the two units; 0.11‑acre lot
