7446 South Luella Avenue

Chicago, IL 60649

$729,900
Price
9
Beds
6
Baths
6,000 Sq. Ft.
$122 / Sq. Ft.
6,000
Sq. Ft.
$122
per Sq. Ft.

Description

No expense has been spared in this completely rebuilt multi unit in 74th block of South Shore. Brought down to the studs and most studs replaced. Literally to much to list that is new. I'm pretty sure the only thing that is original are the stairs and the brick. This property is ready for any FHA OR VA financing. FHA will go up to 770,000 on a 3 unit building. FHA will also count 75% of the rentable income in the building. These units will rent for 2200 each. If you live in one and rent 2 that is...No expense has been spared in this completely rebuilt multi unit in 74th block of South Shore. Brought down to the studs and most studs replaced. Literally to much to list that is new. I'm pretty sure the only thing that is original are the stairs and the brick. This property is ready for any FHA OR VA financing. FHA will go up to 770,000 on a 3 unit building. FHA will also count 75% of the rentable income in the building. These units will rent for 2200 each. If you live in one and rent 2 that is an additional 3,300 a month of income ( 4400 x 75% = 3300 or 40,000 a year). Put down 20% and you live in a brand new building almost for free. 7446 Luella is not your typical flip. Cornerstone Construction rebuilt this 2 unit, 3 bed 1.5 bath into a 3 UNIT, 3 BED 2 BATH IN UNIT LAUNDRY, CENTRAL A/C, 2000 square foot home for each unit. Stainless steel appliances quartz countertops, hardwood floors , recessed lighting. Newer electrical, updated plumbing and hvac, roof, drywall, lighting, floors.... everything. If you are an investor that is looking for a turn key property that you wont have to worry about for a long time this is it. put 20% down, and this thing prints cash. If you are a first time home buyer, this is a great option for you, everything is done, up to you, put the minimum down and pay very little or put 20% down and pay almost nothing, with your tenants paying your mortgage. Like anywhere in Chicago you can go from one street to the next and one can be a great street and the next, keep driving. The owner grew up in this area of Chicago and knows that this area is where you want to live and raise a family. The neighbors are great too. Nationwide, new rules as of august 17th, if you are a renter or a buyer, you must, sign some sort of buyer agency agreement document to enter the building. You can have representaion with a realtor or represent yourself, still need to sign the paper. Not negotiable.
  1. Listed by Kevin Glover • eXp Realty, LLC

Property Details for 7446 South Luella Avenue

Area
CHI - South Shore
Township
Hyde Park
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
LISTING UPDATED: 09/18/2024 11:28 AM

Property Details for 7446 South Luella Avenue

StatusRe - Activated
MLS #12144874
Days on Market31
Taxes$3,821 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1928
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 7446 South Luella Avenue

Stories-Residences3Year Built1928Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 7446 South Luella Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 21
  • Bedrooms (Below Grade): 0
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 9
  • Basement Description: Unfinished
  • # Full Baths in Building: 6
  • # Half Baths in Building: 0
  • Num of Baths: 6.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: CO Detectors, Ceiling Fan(s), Fan-Attic Exhaust, Sump Pump, Multiple Water Heaters, Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2024
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Description: None
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Foundation Details: Block, Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 7400
  • East Coordinate: 2232
  • West Coordinate: 0
  • Lot Size Source: Owner
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 0
  • Photos Count: 22
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: Image360
  • Virtual Tour YN: Yes
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: N/A
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 0

Property History for 7446 South Luella Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7446 South Luella Avenue

Taxable ValueLand$5,483Additions$16,516Total$21,999
Tax Record2022$3,821 ($318 / month)
Home Facts
Baths4Total Finished SqFt3,868 SqFtAbove Grade Finished SqFt3,868 SqFtStories2Lot Size4,387 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyCOOKAPN20-25-225-023

Schools near 7446 South Luella Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bouchet Elementary Math & Science Academy
PublicPK to 8

South Shore Intl Col Prep High School
Public9 to 12

Excel Academy - Woodlawn HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7446 South Luella Avenue is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on August 22, 2024 by eXp Realty, LLC, it's currently listed at $729,900. It has been on the market for a total of 31 days and was last sold on March 11, 2024. This listing's school district is City Of Chicago School District 299. Nearby schools include Bouchet Elementary Math & Science Academy, Chicago Vocational Career Academy High School and South Shore Intl Col Prep High School. 7446 South Luella Avenue is a 9-bed, 6-bath, 6,000 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/18/2024 11:28 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.