Chicago, IL 60649,7250 S Merrill Avenue
Chicago, IL 60649,7250 S Merrill Avenue
Chicago, IL 60649,7250 S Merrill Avenue
Chicago, IL 60649,7250 S Merrill Avenue
Chicago, IL 60649,7250 S Merrill Avenue
Chicago, IL 60649,7250 S Merrill Avenue
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Listed by Brian Mondof 33 Realty
Bought with Tameka Lewis-Madkins of Keller Williams Preferred Rlty

$583,000

$649,000

10.2%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 09/12/2025

Key Details

Sold Price $583,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12382675

Sold Date 09/12/25

Year Built 1916

Annual Tax Amount $5,293

Tax Year 2023

Lot Dimensions 50X125

Property Sub-Type Multi Family 5+

Property Description

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.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Partially Finished, Unfinished

Interior

Fireplace N

Exterior

View Y/N true

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Serene Realty, Inc

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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States

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