$649,000
7250 S Merrill Avenue
Chicago, IL, 60649
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
Beds:
0
Baths:
0
Address:
7250 S Merrill Avenue
Type:
Commercial
Neighborhood:
CHI – South Shore
City:
Chicago
Listed Date:
Jun 12, 2025
State:
IL
ZIP:
60649
Year Built:
1916
Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$5,293
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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7250 S Merrill Avenue
Chicago, IL
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