$159,000
$159,000
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9151 S Luella Avenue Chicago, IL 60617
5 Beds
Key Details
Sold Price $159,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11840153
Sold Date 03/12/24
Bedrooms 5
Year Built 1892
Annual Tax Amount $1,765
Tax Year 2021
Lot Dimensions 25 X125
Property Description
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!
Location
State IL
County Cook
Community Curbs, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Terrence Galloway • Signature Real Estate Services