Multifamily Housing - For Sale
7450 South Luella Avenue Chicago, IL 60649
Details & Description
Price: $675,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 17,000
  • Building Price per Sq Ft $39.71
  • Land Price per Sq Ft $37.71
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.
Listing Agents
Brian Mond

O: 312-662-9590
brianmond@essexrealtygroup.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

7450 South Luella Avenue

Chicago, IL 60649

Listing ID: 236251
$675,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 17,000
  • Building Price per Sq Ft $39.71
  • Land Price per Sq Ft $37.71
7450 South Luella Avenue Chicago, IL 60649 | for Sale | Photo 1
Description

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.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Chicago History of Multifamily Housing for Sale

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Chicago Area Market Trends

Listing Demographics for 7450 South Luella Avenue Chicago, IL 60649

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.

1-Mile 3-Miles 5-Miles
Total Population54,456223,123463,273
Population Median Age383938
Population by Age0-9 Yrs6863 (12%)25912 (11%)54588 (11%)
10-19 Yrs6582 (12%)27723 (12%)58713 (12%)
20-29 Yrs8133 (14%)35673 (15%)77384 (16%)
30-39 Yrs7754 (14%)28526 (12%)61684 (13%)
40-49 Yrs7453 (13%)26950 (12%)54191 (11%)
50-59 Yrs6595 (12%)28759 (12%)57424 (12%)
60-69 Yrs5827 (10%)25807 (11%)51451 (11%)
70+ Yrs5249 (9%)23774 (10%)47839 (10%)
Median HH Income$34,373$35,590$36,985
Total Household Income< 24K9867 (39%)37817 (38%)74616 (37%)
25-49K5942 (24%)22299 (22%)45421 (22%)
50-74K3297 (13%)13686 (14%)28763 (14%)
75-99K2200 (8%)9148 (9%)18782 (9%)
100-199K2867 (11%)11074 (11%)25061 (12%)
200K+533 (2%)3424 (3%)5821 (2%)
Highest Education LevelNo Diploma34131728740389
Diploma or GED94293771878629
Some College108974044177536
Assoc. Degree36711153022942
Bachelors Degree55302253948114
Higher Degree43442223944923
Total Housing Units31,022119,240242,223
--Owner-Occupied6,01633,42969,016
--Renter-Occupied18,69064,019129,449
Owner-Occupied Values< 100K1584765316149
100-199K23771440732358
200-299K1300625710752
300-399K34019263712
400-499K14911812112
500K+26620063933
Total Working Age Population43,364181,335374,516
In Work Force27,245108,420222,939
Not In Work Force16,11972,916151,577
Workforce Employed23,47092,215188,911
Workforce Unemployed3,77516,16333,780
Civlian Workforce27,245108,377222,691
Military Workforce042248
Total Households24,70697,448198,465
Family Households10,13944,34595,161
Non-Family Households14,56753,104103,304
Married Couple3,28616,32335,797
Other Family6,85328,02259,364
Married w/Child1,4785,67912,859
Single Male w/Child2481,5143,487
Single Female w/Child2,96711,29823,414

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243
Will County502,266+35677,560+34907,625+201,093,207
Indiana6,080,485+76,483,802+46,738,573+47,014,880
Lake County484,564+2496,005-3479,815+1482,321

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Chicago Midway International Airport (MDW) 10
Chicago O'Hare International Airport (ORD) 23
South Bend Regional Airport (SBN) 65
Listing Agent
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