7250 S Merrill Avenue
Chicago, IL, 60649
$649,000
Beds
0 Baths
0 SqFt
0 Acres
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$649,000
7250 S Merrill Avenue
Chicago, IL, 60649
MLS #MRD12382675 image #0MLS #MRD12382675 image #1MLS #MRD12382675 image #2MLS #MRD12382675 image #3MLS #MRD12382675 image #4MLS #MRD12382675 image #5MLS #MRD12382675 image #6MLS #MRD12382675 image #7MLS #MRD12382675 image #8MLS #MRD12382675 image #9MLS #MRD12382675 image #10MLS #MRD12382675 image #11MLS #MRD12382675 image #12MLS #MRD12382675 image #13MLS #MRD12382675 image #14MLS #MRD12382675 image #15MLS #MRD12382675 image #16MLS #MRD12382675 image #17MLS #MRD12382675 image #18MLS #MRD12382675 image #19MLS #MRD12382675 image #20MLS #MRD12382675 image #21MLS #MRD12382675 image #22MLS #MRD12382675 image #23
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.

Property Details

Price:
$649,000
MLS #:
MRD12382675
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
CHI – South Shore
Listed Date:
Jun 12, 2025
Year Built:
1916
Chi – South ShoreChi – South Shore

Schools

Interior

Exterior

Financial

Net Operating Income
$58,028
Tax Year
2023
Taxes
$5,293
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Sep 01, 2025
1,076
Commercial Listed
165
Avg DOM
148
Avg $ / SqFt
$1,047,740
Avg List Price

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Property Summary

    7250 S Merrill Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60649. It is listed for $649,000 To schedule a showing of MLS#mrd12382675 at 7250 S Merrill Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
7250 S Merrill Avenue
Chicago, IL