Chicago, IL 60649 7250 S Merrill Avenue
$649,000



19 more




















Presented By: 33 Realty
Home Details
Pleased to offer a prime investment opportunity at 7250 S Merrill in the heart of the South Shore neighborhood. This well-maintained building features individual gas and electric meters, as well as hot water heaters for each unit, complemented by centralized furnace heating. These features contribute to efficient operation and low operating costs, making management straightforward for investors. The property also includes convenient coinoperated laundry facilities in the basement, enhancing tenant appeal. With updated units boasting modern stainless steel appliances and newer countertops, this investment is ready for immediate occupancy. There is ample parking space available for up to five cars, providing added convenience for residents. Investors will appreciate the stability offered by this property, with solid cash flow potential and room to increase rents. With low operational expenses and minimal renovations needed, this opportunity allows for continued profitability while maximizing returns.
Presented By: 33 Realty
Interior Features for 7250 S Merrill Avenue
Other Interior Features
BasementPartially Finished, Unfinished
Other Rooms
General for 7250 S Merrill Avenue
Additional Parcels Y/NNo
Cap Rate9.5
CityChicago
ContingencyOther Contingency
CountyCook
DirectionsE on 73rd from Intersection of 73rd and Jeffrey Blvd, Turn left on Merrill Ave
Electric Expense360
Fuel Expense
Gross Income90000
Insurance Expense5400
MLS AreaCHI - South Shore
Maintenance Expense
ModificationTimestamp2025-07-10T17:05:01.750Z
Net Operating Income58028
Number Of Units Total6
Operating Expense27297
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories3
Tax Annual Amount5293
Tax Year2023
TownshipSouth Chicago
Trash Expense1973
Water Sewer Expense4896
Year Built1916
ZoningMULTI
Exterior for 7250 S Merrill Avenue
BuyerOfficeFax(708) 798-1136
Lot Dimensions50X125
Additional Details
Price History
