7830 S Luella Ave | Chicago, IL 60649
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7830 S Luella Ave
Chicago, IL 60649
7830 S Luella Ave Chicago IL 60649 · Multifamily Property For Sale · 6 Units
Investment Highlights
- 3rd Bedroom Option
- Individual Heating
- Updated water heater, windows and rear porches
- 50% Occupancy
- 1500 sqft per unit
- 2 sunrooms per unit
Executive Summary
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!
PROPERTY FACTS
Unit Amenities
- Bay Window
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Sunroom
- Basement
- Dining Room
- Office
- Porch
Site Amenities
- Vintage Building
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 1 | $1,325 | - |
PROPERTY TAXES
Parcel Number | 20-25-420-057-0000 | Improvements Assessment | $15,169 |
Land Assessment | $9,375 | Total Assessment | $24,544 |
PROPERTY TAXES
Parcel Number
20-25-420-057-0000
Land Assessment
$9,375
Improvements Assessment
$15,169
Total Assessment
$24,544
zoning
Zoning Code | RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
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