Property for Sale: 7830 S Luella, Chicago, IL 60649

$599,000
$599,000
7830 S Luella, Chicago, IL 60649
$599,000
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Price:
$599,000

Type Commercial
Year Built 1926

City Chicago
County Cook

MLS 12145457
Status Active Under Contract
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!

Room Features

Basement Description Unfinished

Lot & Building Features

Construction Brick
Tax Year 2023
Lot Dimensions 126X60 ft

Price History of 7830 Luella, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $599,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Christopher Butler
Direct: 708-601-1516
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Coldwell Banker Realty, Sybil Martin & Paulette Edwards
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

7830 Luella (MLS #12145457) is a commercial listing located in Chicago, IL. This property was listed on 08/23/2024 and has been priced for sale at $599,000.

Nearby zip codes are 60617, 60619, 60638 and 60643.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty