Chicago, IL 60649,7830 S Luella AVE
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Chicago, IL 60649,7830 S Luella AVE
Chicago, IL 60649,7830 S Luella AVE
Chicago, IL 60649,7830 S Luella AVE
Chicago, IL 60649,7830 S Luella AVE

$599,000

Est. payment /mo

$599,000

Est.Price: ?

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7830 S Luella AVE Chicago, IL 60649

10,758 SqFt

SOLD DATE : 05/14/2025

Key Details

Sold Price $599,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 10,758 sqft

Price per Sqft $55

MLS Listing ID 12145457

Sold Date 05/14/25

Year Built 1926

Annual Tax Amount $5,197

Tax Year 2023

Lot Dimensions 126X60

Property Sub-Type Multi Family 5+

Property Description

Discover a rare investment opportunity with this well-maintained 6-unit building, with the potential to generate an annual income of $100,000 and beyond. Each spacious unit features 2 bedrooms and 1 bath, thoughtfully designed with separate dining and living spaces, both offering access to a front sunroom that floods the space with natural light. Down the hallway, you'll find generously sized bedrooms, each with access to a second sunroom, providing additional living space and flexibility. This thoughtfully-designed layout also offers the potential for a 3rd bedroom, maximizing rental income possibilities. The basement presents an exciting opportunity for expansion, with ample space to build out two additional units, significantly increasing the potential for rental income. The units are equipped with individual heating systems, which can reduce costs for the owner. Gleaming hardwood floors run throughout, adding a touch of elegance and durability. The building's water heater, windows, and rear porches have been recently updated, enhancing efficiency and reducing maintenance concerns. Additionally, the property features garage parking in the rear with six dedicated spaces, providing yet another opportunity to generate additional income. Whether you're looking to expand your investment portfolio or seek an owner-occupant scenario with rental income, this income-generating gem is not to be missed!

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Rooms

Basement Unfinished

Interior

Fireplace N

Building

Level or Stories 3

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Sybil Martin • Coldwell Banker Realty
Bought with Israel Hernandez • Epique Realty Inc
agent

Stacie Kidwell Sandoval

Real Estate Advisor | License ID: 475155498

+1(312) 948-9209

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