Homes for sale - 7926 S Luella AVE, Chicago, IL 60617

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Legacy Property Management

Property Management

propertymanagement@legacypropertiesil.com +1(224) 999-9200

$ 750,000

Est. payment | -/mo

6,000 SqFt

Save

$ 750,000

Est. payment | -/mo

Save

6,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $125

MLS Listing ID 12216017

Maintenance Fees $35,000

Year Built 1929

Annual Tax Amount $3,800

Tax Year 2023

Lot Dimensions 50*125

Property Sub-Type Multi Family 5+

Property 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. 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.

Location

State IL

County Cook

Area Chi - South Chicago

Zoning MULTI

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Sanitary Sewer, Water-Municipal, Cable Available

Roof Type Membrane

Building

Dwelling Type Multi Family 5+

Level or Stories 3

Structure Type Brick

Others

HOA Fee Include None

Listed by Brittany Ramsey • Coldwell Banker Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9200

propertymanagement@legacypropertiesil.com

1350 Remington Rd, Suite B, Schaumburg, IL, Other

7926 S Luella AVE Chicago, IL 60617