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$583,000
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Property Description
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.
Full Property Details
Full Property Details for 7250 S Merrill Ave
General
- Sold For: $583,000
- Taxes: $5,293 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12382675
- Added to Site: 218 day(s) ago
Location
- Area: CHI - South Shore
- County: Cook
- Driving Directions: E on 73rd from Intersection of 73rd and Jeffrey Blvd, Turn left on Merrill Ave
Heating & Cooling
- Heating Type: Forced Air, Gas
Structural Information
- Basement Desc.: Partially Finished, Unfinished
- Stories/Levels: 3
- Year Built: 1916
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 2
Lot Features
- Lot Dimensions: 50 x 125
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $27,297
- Assessment Year: 1916
- Tax Amount: $5,293
- Tax Year: 2023
Disclosures and Reports
- Property ID: 20252080400000
Listed by 33 Realty
Sold by Keller Williams Preferred Rlty
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Schools
Schools serving 7250 S Merrill Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Bouchet Elementary Math & Science Academy 7355 South Jeffery Boulevard, Chicago, IL 60649 | K-8 | 0.2 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7250 S Merrill Ave
Date
Details
Price
Change
Source
9/12/2025
Sold
$583,000
-10.17%
MLS
6/17/2025
Price Reduced
$649,000
-6.62%
MLS
6/12/2025
Listed
$695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7250 S Merrill Avenue, Chicago, IL 60649 (MLS# 12382675) is a Commercial property that was sold at $583,000 on September 12, 2025. Want to learn more about 7250 S Merrill Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

