Chicago, IL 60649 7250 S Merrill Avenue

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Presented By: 33 Realty
  • MLS# 12382675
  • 06/12/2025
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  • Beds • 15

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

Client Care

Price $649,000
MLS#12382675
List Date 06/12/2025
Property Type Contingent
Phone 847.485.2500
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