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SOLD
$742,500
Date 05/01/2025

7926 S Luella Avenue
Chicago, IL 60617

Multi-Family, Business Opportunities
Commercial
6,000
Sq. Ft.
0.143
Acre Lot
Courtesy: Coldwell Banker Realty
Agent Websites> Illinois> Chicago> 60617
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.
12216017
Multi-Family, Business Opportunities, 3+ Story
Cook
1929
0.143 Acres
3
Brick
True https://images.marketleader.com/HouseImages/MLSNI/017/f_12216017.jpg?PhotoAccessKey=0d6cbd693a838f27a4e3110d2f674591 12216017
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Data Source: Constellation Data Labs®
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

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Data Provided by ATTOM Data®
Courtesy: Coldwell Banker Realty
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Listings courtesy of MRED as distributed by MLS GRID

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