$729,900
Calculate Payment
7446 S Luella Avenue Chicago, IL 60649
Multi-Family
Residence
9
Beds
6
Baths
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
No expense has been spared in this completely rebuilt multi unit in 74th block of South Shore. Brought down to the studs and most studs replaced. Literally to much to list that is new. I'm pretty sure the only thing that is original are the stairs and the brick. This property is ready for any FHA OR... VA financing. FHA will go up to 770,000 on a 3 unit building. FHA will also count 75% of the rentable income in the building. These units will rent for 2200 each. If you live in one and rent 2 that is an additional 3,300 a month of income ( 4400 x 75% = 3300 or 40,000 a year). Put down 20% and you live in a brand new building almost for free. 7446 Luella is not your typical flip. Cornerstone Construction rebuilt this 2 unit, 3 bed 1.5 bath into a 3 UNIT, 3 BED 2 BATH IN UNIT LAUNDRY, CENTRAL A/C, 2000 square foot home for each unit. Stainless steel appliances quartz countertops, hardwood floors , recessed lighting. Newer electrical, updated plumbing and hvac, roof, drywall, lighting, floors.... everything. If you are an investor that is looking for a turn key property that you wont have to worry about for a long time this is it. put 20% down, and this thing prints cash. If you are a first time home buyer, this is a great option for you, everything is done, up to you, put the minimum down and pay very little or put 20% down and pay almost nothing, with your tenants paying your mortgage. Like anywhere in Chicago you can go from one street to the next and one can be a great street and the next, keep driving. The owner grew up in this area of Chicago and knows that this area is where you want to live and raise a family. The neighbors are great too. ****NATIONWIDE, NEW RULES AS OF AUGUST 17TH, IF YOU ARE A RENTER OR A BUYER, YOU MUST, SIGN SOME SORT OF BUYER AGENCY AGREEMENT DOCUMENT TO ENTER THE BUILDING. YOU CAN HAVE REPRESENTAION WITH A REALTOR OR REPRESENT YOURSELF, STILL NEED TO SIGN THE PAPER. NOT NEGOTIABLE. ******
Continue reading
MLS#
12144874
Property Type
Multi-Family
Bedrooms
9
Bathrooms
Year Built
1928
Sewer
Public Sewer
Receive an email as soon as the price changes
Receive an email
as soon as the price changesGet Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Nearby Homes For Sale
Just Listed
And
Homes Available
In