7317-19 S Luella AVE, Chicago, IL 60649
7317-19 S Luella AVE, Chicago, IL 60649
7317-19 S Luella AVE, Chicago, IL 60649
7317-19 S Luella AVE, Chicago, IL 60649
7317-19 S Luella AVE, Chicago, IL 60649
7317-19 S Luella AVE, Chicago, IL 60649
Kathryn (Kathy) Jensen
Kathryn (Kathy) Jensen

Broker | License ID: 475126342

+1(773) 757-8864

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$ 640,000

$ 680,000 5.9%

Est. payment | /mo

$ 640,000

$ 680,000 5.9%

Est. payment | /mo

Key Details

Sold Price $640,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12402913

Sold Date 04/27/26

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. All units 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. Unit 2S tenant owns appliances, and the other Five 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

Structure Type Brick,Concrete

Midwest Real Estate Data (MRED) IDX
Listed by Norma Lawson of  EXIT Strategy Realty 
Bought with Kywana Ross of United Real Estate-Chicago

Nearby Locations

Kathryn (Kathy) Jensen

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

+1(773) 757-8864

kjensen@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642, USA

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7317-19 S Luella AVE