7250 South Merrill, Chicago IL 60649
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.
Features & Information
Key Details
- List Price $695,000
- Property Taxes $5,293
- Price/ Sq. Ft. Unavailable
- Year Built 1916
- Status New
Building Information
- Age of Building 16-25 Years
- Heating & Cooling Forced Air, Gas
Location
- County Cook
- Directions to Property E On 73rd From Intersection Of 73rd And Jeffrey Blvd, Turn Left On Merrill Ave
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Property Taxes
- Tax 5293
- Parcel Identification Number 20252080400000
Listed by Brian Mond for 33 Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 6/14/2025 5:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore South Shore
Historic parks and extensive beaches meet down-to-earth, affordable living in this beautiful south side Chicago neighborhood. South Shore is a sprawling community that encompasses expansive public recreation space and ambitious civic organizations. The neighborhood cultural center acts as a hub for outdoor amusement with lengthy walking trails, a bird sanctuary, all-ages sports programs, and waterfront grounds that offer breathtaking views of downtown Chicago. When night falls in the summer, movies and live music take place at the center, bringing neighbors and families together. A healthy retail corridor along 71st Street gives the area a cosmopolitan touch and the selection of down-home cooking available at the restaurants in South Shore is enough to satisfy any comfort food craving.
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