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Two-Flat Residential Income Property

366 Luella Avenue Calumet City, IL 60409

366 Luella Avenue, Calumet City, IL, 60409
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For Sale
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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 Market40

Property Features for 366 Luella Avenue

General Information

Standard status
Active
Size
2,756 SF
Lot size
0.11 Acres
Property subtype
Multifamily

Building Details

Year Built
1969
Listing Agency Parkvue Realty Corporation
Listed by Anthony Disano
Source Crexi
Added: Jun 12 Updated: Jul 10 at 2:01 pm Checked: Jul 20 at 6:27 am

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.

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 Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Dental Office Electrical Service HVAC Service Gym & Fitness Center (Bike/Boat/Book/etc) Store Building Supply Kitchen & Bath Showroom Carpet & Flooring Store

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

FAQs

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
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