Welcome to an incredible renovation and investment opportunity in highly sought after Calumet Heights! This two-unit property holds tremendous potential for both investors and owner occupants looking to maximize their returns. The first floor offers a cozy 2-bedroom, 1-bath layout, while the second floor boasts a spacious 3-bedroom, 1-bath configuration. Imagine the possibilities of duplexing down the first floor to create an even more expansive living space or utilizing a dormer in the attic space and duplexing up the second floor! This rare gem presents the perfect chance for house hacking, where you can live in one unit and rent out the other, effectively reducing your living expenses and building equity simultaneously. For investors, this property promises fantastic rental income potential in any market. Whether you're a seasoned investor or just starting your real estate journey, renovation financing, hard money and cash are welcome, making it easier to transform this property into your dream income-generating asset. Don't miss this golden opportunity to enter the real estate market or expand your investment portfolio. Embrace the benefits of owning in this desirable location and experience the rewards of smart investing. Act now and unlock the full potential of this Calumet Heights gem!
Closed
$159,000
9151 S Luella Ave, Chicago, IL 60617
5beds
--sqft
Multi Family
Built in 1892
-- sqft lot
$246,500 Zestimate®
$--/sqft
$2,075 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 16, 2024 at 01:00am
Listing courtesy of:
Naja Morris 312-206-4587,
@properties Christie's International Real Estate,
Charmor Brown 312-719-0710,
@properties Christie's International Real Estate
Bought with:
Terrence Galloway
Signature Real Estate Services
Source: MRED as distributed by MLS GRID,MLS#: 11840153
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 3,125 sqft
- Dimensions: 25 X125
Details
- Parcel number: 25014050210000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1892
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
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$246,500
2% more+$4,930
With Zillow Showcase(estimated)$251,430