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$583,000

7250 S Merrill Avenue
Chicago, Illinois 60649

Closed / MLS #12382675 / Multiple Family / South Shore
Listing information updated 9/23/2025 at 9:43am
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.
Basement:
Partially Finished,Unfinished
Water Front:
No
Square Feet:
N/A
Built:
1916
Stories:
3
Zoning:
MULTI
Current Net Income:
$58,028
Unit 1:
6 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
7 room(s) / 3 bed(s) / 1 bath(s)
Unit 3:
6 room(s) / 2 bed(s) / 1 bath(s)
Unit 4:
7 room(s) / 3 bed(s) / 1 bath(s)
Unit 5:
6 room(s) / 2 bed(s) / 1 bath(s)
Tax Amount:
$5,293
Tax Year:
2023
Zip Code:
60649
City:
Chicago
County:
Cook

Listing Office: 33 Realty

Listing Office Phone: 773.327.4975

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/23/2025 at 9:43am. 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. Some listings have been excluded from this website.

South Shore

South Shore, IL

Once a vacation destination for Chicago’s elite, the South Shore has become an increasingly popular place to call home. Located on Chicago’s scenic lakefront, the neighborhood’s beautiful beaches, plentiful green space and easy access to downtown via Lake Shore Drive are attracting a new gener...

Metra

Metra
Metra Electric South Chicago Branch line at Bryn Mawr Metra
$222,872
Average Sale Price
122
Average Days On The Market
91%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 7250 S Merrill Avenue, Chicago, IL 60649
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7250 S Merrill Avenue, Chicago, IL 60649 is a multiple family which sold for $583,000. This multiple family has been listed on @properties Christie's International Real Estate since June 12th, 2025 and was built in 1916. The nearest transit stops include Bryn Mawr Metra Metra Metra Electric South Chicago Branch line.

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@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, OriginPoint, A Rate Company, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
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