Yup, as you already said, he was the son of Tommy Eboli who in turn left him in Chicago with his mother. Louie Eboli grew up around Chicagos western suburbs and was allegedly mentored by Guido DeChiaro (alleged distant relative of Ricca), Chuck Nicoletti, Joey Lombardo and others. Most of those guys belonged to the so-called Grand Av crew and so did Louie Eboli. Some of Ebolis associates were Sam Ariola, Guy Cervone, Dominick DeSantis, James D'Antonio and Tony Centracchio.

When old man Tommy Eboli got killed, story goes that the young Eboli allegedly wanted to retaliate, something which placed him in great danger with the NY mob. Reports show that Louie Eboli walked with bodyguards which were allegedly provided by DeChiaro. In the end both Ricca and Accardo intervened and so young Eboli was safe again. He became big in loan sharking, extortion and video poker machines. Im not 100% sure but i think he was also present during the Spilotro murders.

By the early or mid 1980s Louie Eboli succeeded Lombardo as capo for the Grand Av crew but died in 1987 i think.