Bought with Tameka Lewis-Madkins of Keller Williams Preferred Rlty
$583,000
$649,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States