Property Overview
Interra Realty has been exclusively engaged to present for sale 7311-7315 S. Luella Ave. Located in Chicago's historic South Shore neighborhood, the subject property is a 12 unit multifamily asset featuring (8) 2 BD/1 BA and (4) 1 BD/1 BA apartment units. The building has been pridefully maintained by a long term ownership group and has seen rehab and renovation to all 12 units featuring updated kitchens and baths with upgraded finishes. There is newly built out laundry room for tenant convenience.
The asset presents qualified investors with the opportunity to acquire a well managed, turn key, fully occupied building in one of Chicago's fastest appreciating submarkets with the ability to continue to drive rents to the top of the market upon tenant turnover.
Highlights
- Desirable Unit Mix: (8) 2 BD/1 BA units & (4) 1 BD/1 BA units
- Well Maintained Building Envelope and Systems
- Updated Kitchen and Baths Throughout
- Pridefully Maintained by Long Term Owner
- Newly Built Out Laundry Room
- Fast Appreciating South Shore Submarket
- Close Proximity to Recently Opened Obama Library