Date
Details
Price
Change
Source
8/24/2026
Listed
$1,045,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,045,000
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Property Description
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.
Full Property Details
Full Property Details for 7450 S Luella Ave
General
- Price: $1,045,000
- Taxes: $18,664 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12741265
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - South Shore
- County: Cook
- Township: Hyde Park
- Driving 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 Avenue, near the northeast corner of 75th Street and Luella Avenue.
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Radiators, Steam
Utilities
- Trash: 3322
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Membrane
- Stories/Levels: 2
- Square Feet: 10,775
- # of Stores: 4
- Year Built: 1930
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,969
- Lot Dimensions: 96 x 67
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $6,308
- Operating Expenses: $75,941
- Other Fee: $29,880
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1930
- Tax Amount: $18,664.63
- Tax Year: 2025
- Pays Electric: 3724
- Pays Trash: 3322
Disclosures and Reports
- Property ID: 20252250270000
Listed by Real Realty Inc
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Listing agent
— 7450 S Luella Ave —
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NMLS#: 1598647
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Schools
Schools serving 7450 S Luella Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Bouchet Elementary Math & Science Academy 7355 South Jeffery Boulevard, Chicago, IL 60649 | K-8 | 0.3 mi |
South Shore Intl Col Prep High School 1955 East 75th Street, Chicago, IL 60649 | 12- | 0.3 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7450 S Luella Ave
Estimate the Cost
Estimate the Cost for 7450 S Luella Ave
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,756Sq. Ft.
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 2Total Baths
- 1,222Sq. Ft.
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7450 S Luella Avenue, Chicago, IL 60649 (MLS# 12741265) is a Commercial property. 7450 S Luella Avenue is currently listed for $1,045,000 and was received on August 24, 2026. Want to learn more about 7450 S Luella Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.