$599,000
( $55.68Per Sq Foot )
 $3,216 est/mo Sourced by Back At You

7830 S Luella Avenue , Chicago, IL 60649

Chicago, IL 60649

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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 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!

Details

MLS#12145457
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1926
Days On Site178
Listing Provided ByColdwell Banker Realty | Sybil Martin

Features

SQ Feet10,758
Story(s)3
Units6
ZoningMULTI

Market Activity 60649

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60649
AreaCHI South Shore
Listing VS Median (in 60649)
Price:
$599,000
low | high
Med:
$80,000
100% of Average
SqFt:
10,758
low | high
Med:
2,600
100% of Average
$ / SqFt:
$56
low | high
Med:
$31
94.738667009118% of Average
On Site:
178
low | high
Med:
5.000000
100% of Average
Sourced by Back At You
Listing Updated: January 8, 2025 at 4:33:24 PM PST