333 Luella Avenue

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333 Luella Avenue

Calumet City, IL 60409
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 333 Luella Avenue.
  • Property situated within the established Calumet City residential market.
  • Well-positioned for investors targeting the Chicago suburban region.
  • Asset provides residential units within the 60409 ZIP code.
  • Accessible location near regional transit and essential local infrastructure.

What's Special

Multifamily investors seeking a stable asset in the Chicago metropolitan area will find this apartment building on Luella Avenue a practical addition to an income-generating portfolio. Situated in Calumet City, the property benefits from proximity to regional transit corridors and the diverse economic landscape of the South Suburbs. This asset functions as a straightforward residential investment, suitable for long-term hold strategies within a well-established community context. Tenants enjoy access to the surrounding infrastructure, major regional highways, and essential services that define this suburban residential market. The structure provides a traditional living layout typical of multifamily housing in the area, offering utility for both current owners and future operators looking to manage residential units in Illinois. Its location within the 60409 ZIP code places it near key commercial centers and commuting routes that serve the broader Chicago labor market, ensuring consistent interest from the local rental demographic.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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