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$680,000

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7317-19 S Luella AVE Chicago, IL 60649

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Ariel Manlapaz

bbtbhomes2020@gmail.com +1(847) 924-7177

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12402913

Maintenance Fees $2,300

Year Built 1927

Annual Tax Amount $3,818

Tax Year 2023

Lot Dimensions 6250

Property Sub-Type Multi Family 5+

Property Description

Hello! This magnificent residential multi-unit building in the south shore area is an exciting opportunity for investors/homeowners. The structure, which is regarded as a landmark, comprises six units in total, all in excellent condition. One unit is currently owner-occupied whereas the remaining five are rented out to long-standing tenants, all on a month-to-month lease basis. The beautiful facade features large picture windows in each living room a unique symbol and design. The building includes 18+ bedrooms, 14 bathrooms above grade. The basement oozes potential complete with a family/recreational room, an additional bedroom, a full-featured kitchen, and one and a half bathrooms, with its own front and back exits that lead directly to the outdoors, it can function as a completely separate living space, making it perfect for landlords who want to maximize their profits or large families in need of some extra space. The six above grade apartments maintain traditional character elements throughout with high ceilings, crown moldings, hardwood floors, six fireplaces, and Juliet balconies, offering a blend of classic charm and modern comfort. All units include kitchen appliances that sell with the property. Each unit has separate "cooking gas only" and separate electric. Moreover, it features a shared outdoor cement patio space in the back exterior for all tenants to enjoy. Parking won't be an issue thanks to the TWO spacious 2.5 car garages. Inside, you'll find it just as impressive. The owner-occupied unit gives the owner command over the property while also benefiting from the rental income. This building also offers a solid investment opportunity with all rented units generating a stable income or converted into condos. Located centrally in a vibrant neighborhood, it's a short walk to parks, shops, cafes, public transportation and the lakefront.. This property provides a perfect balance between residential living and urban amenities making it a highly attractive rental or condo conversion proposition. Seize this unique opportunity and make it your own asset today!

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Rooms

Basement Partially Finished, Exterior Entry, 8 ft + pour, Concrete, Rec/Family Area, Sleeping Area, Storage Space

Interior

Cooling Window Unit(s)

Fireplaces Number 6

Fireplace Y

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Concrete

Listed by Norma Lawson of EXIT Strategy Realty

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Earhart Options for Knowledge Elementary School

Public | KG - 6
8

McDowell Elementary School

Public | KG - 5
7

Dixon Elementary School

Public | PK - 8
6

Murray Elementary Language Academy

Public | KG - 8
5

Pirie Fine Arts and Academic Center Elementary School

Public | KG - 6
5

Burnside Elementary Scholastic Academy

Public | PK - 8
5

Ray Elementary School

Public | PK - 8
5

Shoesmith Elementary School

Public | KG - 6
5

Woodlawn Elementary Community School

Public | PK - 6
5

Carnegie Elementary School

Public | PK - 8
5

Harte Elementary School

Public | PK - 8
5

Hoyne Elementary School

Public | KG - 6
4

Black Magnet Elementary School

Public | KG - 8
4

Warren Elementary School

Public | PK - 8
4

Coles Elementary Language Academy

Public | KG - 8
3

Reavis Math and Science Elementary School

Public | PK - 8
3

Wadsworth Elementary School

Public | PK - 8
3

Univ of Chicago Charter Schools

Public | PK - 12
3

Parkside Elementary Community Academy

Public | PK - 8
3

Bouchet Math and Science Academy Elementary School

Public | KG - 8

Middle Schools 2

0

Canter Middle School

Public | 8 - 8
0

Camelot Safe Academy School

Public | 6 - 12

High Schools 13

8

Kenwood Academy High School

Public | 9 - 12
8

South Shore International College Prep High School

Public | 12 - 12
6

Hyde Park Academy High School

Public | 9 - 12
3

Chicago Vocational Career Academy High School

Public | 9 - 11
1

Hirsch Metropolitan High School

Public | 9 - 12
1

Epic Academy High School

Public | 9 - 12
0

Dyett High School

Public | 12 - 12
0

Hales Franciscan High School

Private | 9 - 12
0

Magic Johnson - Roseland High School

Public | 9 - 12
0

School of Leadership High School

Public | 11 - 12
0

Winnie Mandela High School

Public | 9 - 12
0

Bowen High School

Public | 9 - 12
0

Camelot Safe Academy High School

Public | 9 - 12

School and business data provided by Attom Data.

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Ariel Manlapaz

Real Estate Consultant | License ID: 475173895

+1(847) 924-7177

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7317-19 S Luella AVE Chicago, IL 60649

Ariel Manlapaz

Key Details

Location

Rooms

Interior

Building

NEARBY SCHOOL & BUSINESS

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7317-19 S Luella AVE