7830 South Luella Avenue
$599,000
20
10
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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...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!
- Listed by Sybil Martin • Coldwell Banker Realty
- Listed by Paulette Edwards • Coldwell Banker Realty
Property Details for 7830 South Luella Avenue
Area
CHI - South Shore
TownshipHyde Park
ZoningMULTI
LISTING UPDATED: 01/02/2025 04:10 PM
Property Details for 7830 South Luella Avenue
Status | Re - Activated |
---|---|
MLS # | 12145457 |
Days on Market | 139 |
Taxes | $5,197 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1926 |
Lot Size | 0.17 AC / 7,500 SF |
County | Cook County |
Building Information for 7830 South Luella Avenue
Stories3Residences6Year Built1926Building Size-Lot Size0.17 AC / 7,500 SF
Property Information for 7830 South Luella Avenue
Property History for 7830 South Luella Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7830 South Luella Avenue
Taxable ValueLand$6,750Additions$12,910Total$19,660
Tax Record2019$3,950 ($329 / month)
Home Facts
Baths6Total Finished SqFt10,758 SqFtAbove Grade Finished SqFt10,758 SqFtStories3Lot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1927CountyCOOKAPN20-25-420-057
Schools near 7830 South Luella Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Mann Elementary School PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
South Shore Intl Col Prep High School Public9 to 12 | ||
YCCS-Sullivan House Alt HS Charter9 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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