7250 S Merrill AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60649
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12382675
Year Built 1916
Annual Tax Amount $5,293
Tax Year 2023
Lot Dimensions 50X125
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Basement Partially Finished,Unfinished
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3