322 Luella Avenue Calumet City, IL 60409

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 Public Transportation (Metra & Pace). With its desirable location, flexible living arrangements, and solid construction, this two-unit property offers excellent potential for homeowners and investors alike.