7450 S Luella Avenue, Chicago, IL

$1,045,000

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0.16

Acres

About 7450 S Luella Avenue

Real Realty is pleased to present the exclusive offering of Leulla Heights, a mixed-use investment opportunity located along the busy 75th Street retail corridor and surrounded by a strong residential neighborhood near Luella Avenue. The property consists of 13 studio apartments and four commercial storefronts. Apartments are achieving premium rents of $1,000-$1,500 per month, while commercial spaces range from $700-$1,500 per month, depending on size. The property is supported by solid mechanicals, including a Smith cast-iron boiler installed in 2014 and two 73-gallon hot water tanks installed in 2023. This is a rare opportunity to acquire a true cash-flowing asset with value-add potential.

Features of 7450 S Luella Avenue

MLS® # 12741265
Price $1,045,000
Bathrooms 0.00
Acres 0.16
Year Built 1930
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 7450 S Luella Avenue
Area CHI - South Shore
City Chicago
County Cook
State IL
Zip Code 60649

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Wall Sleeve
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Membrane
Foundation Concrete Perimeter

Additional Information

Days on Market 45
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReal Realty Inc

Listing Map

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