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Essex is pleased to market for sale 7450 S. Luella Ave., a seventeen (17) unit value-add property located in the South Shore neighborhood of Chicago. The property sits on the corner of E. 75th street & S. Luella avenue which is within close proximity to transportation, the lakefront and shopping centers. 7450 S. Luella is a two story brick building consisting of thirteen (13) studio apartment units and four (4) retail spaces on the ground level. The apartments are occupied by long term tenants. This value-add investment opportunity is the perfect match for a first time buyer or a seasoned investor interested in building their portfolio. The retail on the ground floor could be used as a building management office. Zoned C1-2 and in an Opportunity Zone.
Month | Payment | Principal | Interest | Total Interest | Balance |
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$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 54,456 | 223,123 | 463,273 | |
Population Median Age | 38 | 39 | 38 | |
Population by Age | 0-9 Yrs | 6863 (12%) | 25912 (11%) | 54588 (11%) |
10-19 Yrs | 6582 (12%) | 27723 (12%) | 58713 (12%) | |
20-29 Yrs | 8133 (14%) | 35673 (15%) | 77384 (16%) | |
30-39 Yrs | 7754 (14%) | 28526 (12%) | 61684 (13%) | |
40-49 Yrs | 7453 (13%) | 26950 (12%) | 54191 (11%) | |
50-59 Yrs | 6595 (12%) | 28759 (12%) | 57424 (12%) | |
60-69 Yrs | 5827 (10%) | 25807 (11%) | 51451 (11%) | |
70+ Yrs | 5249 (9%) | 23774 (10%) | 47839 (10%) | |
Median HH Income | $34,373 | $35,590 | $36,985 | |
Total Household Income | < 24K | 9867 (39%) | 37817 (38%) | 74616 (37%) |
25-49K | 5942 (24%) | 22299 (22%) | 45421 (22%) | |
50-74K | 3297 (13%) | 13686 (14%) | 28763 (14%) | |
75-99K | 2200 (8%) | 9148 (9%) | 18782 (9%) | |
100-199K | 2867 (11%) | 11074 (11%) | 25061 (12%) | |
200K+ | 533 (2%) | 3424 (3%) | 5821 (2%) | |
Highest Education Level | No Diploma | 3413 | 17287 | 40389 |
Diploma or GED | 9429 | 37718 | 78629 | |
Some College | 10897 | 40441 | 77536 | |
Assoc. Degree | 3671 | 11530 | 22942 | |
Bachelors Degree | 5530 | 22539 | 48114 | |
Higher Degree | 4344 | 22239 | 44923 | |
Total Housing Units | 31,022 | 119,240 | 242,223 | |
--Owner-Occupied | 6,016 | 33,429 | 69,016 | |
--Renter-Occupied | 18,690 | 64,019 | 129,449 | |
Owner-Occupied Values | < 100K | 1584 | 7653 | 16149 |
100-199K | 2377 | 14407 | 32358 | |
200-299K | 1300 | 6257 | 10752 | |
300-399K | 340 | 1926 | 3712 | |
400-499K | 149 | 1181 | 2112 | |
500K+ | 266 | 2006 | 3933 | |
Total Working Age Population | 43,364 | 181,335 | 374,516 | |
In Work Force | 27,245 | 108,420 | 222,939 | |
Not In Work Force | 16,119 | 72,916 | 151,577 | |
Workforce Employed | 23,470 | 92,215 | 188,911 | |
Workforce Unemployed | 3,775 | 16,163 | 33,780 | |
Civlian Workforce | 27,245 | 108,377 | 222,691 | |
Military Workforce | 0 | 42 | 248 | |
Total Households | 24,706 | 97,448 | 198,465 | |
Family Households | 10,139 | 44,345 | 95,161 | |
Non-Family Households | 14,567 | 53,104 | 103,304 | |
Married Couple | 3,286 | 16,323 | 35,797 | |
Other Family | 6,853 | 28,022 | 59,364 | |
Married w/Child | 1,478 | 5,679 | 12,859 | |
Single Male w/Child | 248 | 1,514 | 3,487 | |
Single Female w/Child | 2,967 | 11,298 | 23,414 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Illinois | 12,419,293 | +3 | 12,830,632 | +12 | 14,316,487 | +6 | 15,138,849 |
Cook County | 5,376,741 | -3 | 5,194,675 | +10 | 5,707,832 | +5 | 5,990,243 |
Will County | 502,266 | +35 | 677,560 | +34 | 907,625 | +20 | 1,093,207 |
Indiana | 6,080,485 | +7 | 6,483,802 | +4 | 6,738,573 | +4 | 7,014,880 |
Lake County | 484,564 | +2 | 496,005 | -3 | 479,815 | +1 | 482,321 |