7450 S Luella Avenue, Chicago, IL 60649

Sqft10775

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Description

Real Realty is pleased to present the exclusive offering of Leulla Heights, a mixed-use investment opportunity located along the busy 75th Street retail corridor and surrounded by a strong residential neighborhood near Luella Avenue. The property consists of 13 studio apartments and four commercial storefronts. Apartments are achieving premium rents of $1,000-$1,500 per month, while commercial spaces range from $700-$1,500 per month, depending on size. The property is supported by solid mechanicals, including a Smith cast-iron boiler installed in 2014 and two 73-gallon hot water tanks installed in 2023. This is a rare opportunity to acquire a true cash-flowing asset with value-add potential.

  • Commercial Sale, Mixed Use
    Property Type
  • 10775
    Sqft
  • 1930
    Year Built

Property Documents

Property Overview

  • Property ID 12741265
  • Price $1,045,000
  • Property Size 10775 Sqft
  • Land Area 0.16 Acres
  • Garage Size x x
  • Year Built 1930
  • Property Status Active
  • Property Type Mixed Use, Commercial Sale

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