7250 S Merrill Ave - Apartments FOR SALE


Chicago, IL 60649
$650,000 USD
312-662-9590
7250 S Merrill Ave, Chicago, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/7
null | 9.2% Cap Rate

7250 S Merrill Ave
Chicago, IL 60649


OVERVIEW

33 Realty is 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.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

9.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

-

APN/PARCEL ID

20-25-208-040-0000

ASK ABOUT THIS PROPERTY

Brian Mond33 RealtyMore Info
312-662-9590

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Brian Mond33 RealtyMore Info
312-662-9590

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.