7926 South Luella Avenue
$775,000
15
6
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Description
Excited to present 7926 S Luella Ave, a six-unit building in South Shore - one of Chicago's emerging lakefront neighborhoods experiencing a remarkable renaissance. South Shore's strategic location along Lake Michigan's southern shoreline places it at the epicenter of unprecedented development and investment opportunities. This blonde brick beauty stands proudly among South Shore's collection of historic Chicago bungalows, showcasing the magnificent architectural detailing of 1920s craftsmanship....Excited to present 7926 S Luella Ave, a six-unit building in South Shore - one of Chicago's emerging lakefront neighborhoods experiencing a remarkable renaissance. South Shore's strategic location along Lake Michigan's southern shoreline places it at the epicenter of unprecedented development and investment opportunities. This blonde brick beauty stands proudly among South Shore's collection of historic Chicago bungalows, showcasing the magnificent architectural detailing of 1920s craftsmanship. The property's location offers seamless connectivity to downtown while providing residents the coveted advantage of lakefront living. The neighborhood's transformation is being catalyzed by several major developments: - The Obama Presidential Center, now under construction in neighboring Woodlawn, driving significant economic growth - The upcoming Tiger Woods-designed PGA-caliber golf course renovation of the Jackson Park/South Shore golf complex - Proposed enhancement of the nearby harbor facilities - The recently announced urban planning initiatives focusing on South Shore's commercial corridors 7926 S Luella Ave features: - (3) 3bd/1ba and (3) 2bd/1ba units - Original hardwood flooring throughout - Individual HVAC systems - Abundant natural light - Newly remodeled 5-car brick garage with front driveway access - On-site laundry facilities - Walking distance to hospital and lakefront The property presents multiple value-add opportunities: -Good Cap rate - Prime candidate for condo conversion - Ideal for healthcare professional housing, capturing the growing market of traveling medical staff - Strong potential for appreciation As South Shore continues its upward trajectory, bolstered by major infrastructure investments and its pristine housing stock, 7926 S Luella Ave represents an exceptional opportunity to invest in one of Chicago's most promising lakefront communities. The combination of stable cash flow, multiple value-add scenarios, and the neighborhood's evident momentum makes this an compelling investment opportunity.
- Listed by Brittany Ramsey • Coldwell Banker Realty
Property Details for 7926 South Luella Avenue
Area
CHI - South Chicago
TownshipHyde Park
Num of Interior Fireplaces0
ZoningMULTI
LISTING UPDATED: 12/05/2024 12:06 AM
Property Details for 7926 South Luella Avenue
Status | Active |
---|---|
MLS # | 12216017 |
Days on Market | 23 |
Taxes | $3,800 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Exterior Entrance |
Year Built | 1929 |
Lot Size | 0.14 AC / 6,250 SF |
County | Cook County |
Building Information for 7926 South Luella Avenue
Stories3Residences6Year Built1929Building Size-Lot Size0.14 AC / 6,250 SF
Property Information for 7926 South Luella Avenue
Property History for 7926 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 7926 South Luella Avenue
Taxable ValueLand$7,812Additions$18,187Total$25,999
Tax Record2022$5,348 ($446 / month)
Home Facts
Baths6Total Finished SqFt5,988 SqFtAbove Grade Finished SqFt5,988 SqFtStories3Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1929CountyCOOKAPN20-36-204-025Fireplace TypeHas Fireplace
Schools near 7926 South Luella Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Mann Elementary School PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
YCCS-Sullivan House Alt HS Charter9 to 12 | ||
South Shore Intl Col Prep High School 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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