A rare opportunity to acquire a stable, cash-flowing multi-family property at an attractive value in Calumet City! This turn-key 3-unit property is situated on an oversized lot and offers immediate income potential for both owner-occupants and investors alike. With two units currently leased thru Spring 2027 and one unit vacant, makes this property ideal for buyers looking to take advantage of owner-occupant financing options while generating rental income on day one! The property features two spacious 1-bedroom, 1-bath units and one 2-bedroom,1-bath unit, all offering functional layouts with natural lighting, ample storage, and eat-in kitchens with generous cabinetry and modern stainless steel appliances. Three boilers, three water heaters, and two wall A/C units, were all installed in 2023 providing added value and peace of mind for years to come. The property includes a digital card washer and dryer providing residents with modern convenience while generating additional monthly income for the owner. The property also sits on a massive corner lot with a 8-car driveway, a 2-car garage, and extra land/yard space to bring your ideas. Tenants are on a 1-year lease agreement and are responsible for their own electric, gas, and heating expenses. So whether you're an investor seeking to expand your portfolio or a buyer looking to live in one unit while building wealth through rental income, this property checks all the boxes!
Calumet City Town Center, located between River Oaks Center and the Calumet River, is a commercial and civic Calumet City neighborhood with big-box corridors and municipal green space. The neighborhood’s character concentrates along Torrence Avenue near River Oaks Drive, where wide sidewalks, storefront signage, and steady parking-lot motion set a pragmatic, errands-first rhythm. The Calumet City Public Library anchors the civic side, while River Oaks Center supplies the retail gravity. Low-slung plazas and mid-century commercial buildings define the streetscape, broken up by pocket lawns and campus-style public buildings. Calumet City Hall and Veterans Memorial Park add a formal, public-square feel. The landscape reads flat and open, with long sightlines and a strong arterial-road geometry.
Provided by Walk Score and Local Logic
Offer insights
348 Pulaski Rd · $275,000
$281K and above
75% chance or better to win
Why $281K+ is a strong offer
SALE-TO-LIST
100.2%
Most homes are selling 0% above list price.
LIST PRICE
$275,000
Median list price in this area is $468,084. (70% higher than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
13 total rooms
100+ years old (original character, recently rehabbed in 2023)
Bedrooms
4 bedrooms total
Unit 1 (first floor): 1 bedroom
Unit 2 (second floor): 2 bedrooms
Unit 3: 1 bedroom
Bathrooms
3 full bathrooms total
Each unit includes 1 full bathroom
Kitchen
Each unit includes a stove and refrigerator
Laundry & utility
Tenant pays electric and gas (utilities handled by occupants)
Tenants pay heat
Heating & cooling
Natural gas heating
Exterior features
Lot dimensions approximately 45 x 125
Less than 0.25 acre lot
Rehab completed in 2023
Home design
Two-to-four unit building
Fee simple ownership
Not rebuilt; rehabilitated in 2023
Parking
Detached garage (garage owned)
2 garage spaces
6 total parking spaces
Construction
Vinyl siding exterior
Asphalt roof
Built more than 100 years ago
Property built before 1978
Utilities
Water source: Lake Michigan
Public sewer
Financial info
Building contains 3 units
Unit 1 rent listed at $1,100 (vacant)
Unit 2 rent listed at $1,300 (lease through March 1, 2027)
Unit 3 rent listed at $1,100 (lease through March 1, 2027)
Tenants responsible for electric, gas, heat, and parking
Other
Security deposits: Unit 1 $0, Unit 2 $1,300, Unit 3 $1,100
Electricity and solar
View estimated energy costs and solar savings for this home