7450 S Luella Avenue Chicago, IL ^$ 1,045,000

7450 S Luella Avenue

^$ 1,045,000

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Recently Listed

7450 S Luella Avenue

Chicago, IL, 60649

^$ 1,045,000

Bedrooms-- Baths-- Sq 10,775

Monthly Estimate*

^$ 7,218

7450 S Luella Avenue, Chicago, IL 60649 - Image 1

7450 S Luella Avenue, Chicago, IL 60649 - Image 2

7450 S Luella Avenue, Chicago, IL 60649 - Image 3

7450 S Luella Avenue, Chicago, IL 60649 - Image 4

7450 S Luella Avenue, Chicago, IL 60649 - Image 5

7450 S Luella Avenue, Chicago, IL 60649 - Image 6

7450 S Luella Avenue, Chicago, IL 60649 - Image 7

7450 S Luella Avenue, Chicago, IL 60649 - Image 8

7450 S Luella Avenue, Chicago, IL 60649 - Image 9

7450 S Luella Avenue, Chicago, IL 60649 - Image 10

Commercial Property for sale in Chicago, IL

for $1,045,000. This 10,775 square foot building was built in 1930 on a lot size of 0.16.

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 Active

Price

^$ 1,045,000

Property Type

Commercial

Taxes

^$ 18,664

Style

Lot Size

0.16

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12741265

Features

General

Cooling Wall Sleeve

Roof Membrane

Zoning COMMR

Construction Materials Brick

Year Built 1930

Electric Circuit Breakers

Stories Count 2

Township Hyde Park

Property Subtype Mixed Use

Tax Year 2025

Gross Income 190890

County Cook

Net Operating Income 114449

Operating Expense 75941

Insurance Expense 6308

Property Type Commercial Sale Mixed Use

Status Active

Directions From Lake Shore Drive take the 71st Street exit and continue east onto South Shore Drive. Turn right onto 75th Street then turn left onto Luella Avenue. The property is located at 7450 S. Luella Aven

City Chicago

Number Of Units Total 17

MLS Area CHI - South Shore

Lot Size Square Feet 6969

Tax Annual Amount 18664.63

Electric Expense 3724

Fuel Expense 8093

Trash Expense 3322

Water Sewer Expense 5900

Additional Parcels Y/N N

Standard Status Active

Cap Rate 11

Exterior

Foundation Details Concrete Perimeter

Building Area Total 10775

Lot Dimensions 96 X 67

Lot Size Acres 0.16

* Excluded Features

List By

Real Realty Inc

Broker

aredzic@realrealtyus.com

Affordability Calculator

$8,773

Per Month

Monthly Principal & Interest: $7,218
Monthly Property Taxes: $1,555
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$980,866

Percent of Sale Price 6%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/25/2026	$1,045,000		Listed Price

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7450 S Luella Avenue, Chicago, IL, 60649 is a Commercial Property for sale at $1,045,000 with 10,775 sqft and a lot size of 0.16. 7450 S Luella Avenue was built in 1930. The property's zip code is 60649 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 10/13/2026.

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7450 S Luella Avenue

Commercial Property for sale in Chicago, IL

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