7450 South Luella Avenue, Chicago, IL 60649 For Sale

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, with two

retail spaces currently leased. 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.

Leulla Heights offers investors an attractive 10%+ cap rate and a

projected 15%+ cash-on-cash return, providing strong in-place cash

flow with additional upside potential. 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.