7830 S Luella Avenue
Chicago, IL, 60649
$599,000
Beds
0 Baths
10,758 SqFt
0 Acres
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$599,000
7830 S Luella Avenue
Chicago, IL, 60649
MLS #MRD12145457 img 0
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!

Property Details

Price:
$599,000
MLS #:
MRD12145457
Status:
Pending
Beds:
0
Baths:
0
Address:
7830 S Luella Avenue
Type:
Commercial
Neighborhood:
CHI – South Shore
City:
Chicago
Listed Date:
Aug 22, 2024
State:
IL
Finished Sq Ft:
10,758
Total Sq Ft:
10,758
ZIP:
60649
Year Built:
1926

Schools

Interior

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$24,592
Tax Year
2023
Taxes
$5,197
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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7830 S Luella Avenue
Chicago, IL