For Sale
$2,900,000

7031 Merrill AveChicago, IL 60649

41-Unit Apartment Building, Chicago

Overview

Added:
Feb 11
Days on market:
54
This exceptional investment opportunity presents a 41-unit multifamily portfolio ideally situated in Chicago's South Shore neighborhood. Comprising two adjacent buildings at 7031 & 7041 S. Merrill Ave, 60649, this property offers a compelling mix of unit sizes: one four-bedroom/two-bathroom unit, twelve three-bedroom/two-bathroom units, twenty-six two-bedroom/one-bathroom units, and two one-bedroom/one-bathroom units. Currently 100% vacant, this portfolio is perfectly positioned for an investor seeking significant value-add potential. The buildings boast updated electrical and plumbing systems, and are efficiently heated by a central boiler system. The asking price for this entire portfolio is $2,900,000. This represents a unique chance to acquire a substantial multifamily asset in a desirable Chicago location, ready for immediate repositioning and rental income generation. The properties are located in Cook County, Illinois, and benefit from a prime address in the South Shore community. This is a rare opportunity to acquire a large-scale multifamily property in a growing market. The buildings are ready for a new owner to implement their vision and maximize rental income. Don't miss this chance to acquire a significant multifamily investment in a vibrant Chicago neighborhood.

Highlights

  • $2,900,000 asking price for a 41-unit multifamily portfolio.
  • Located in Chicago, IL, at 7031 & 7041 S. Merrill Ave, Cook County, zip code 60649.
  • Property consists of two adjacent apartment buildings.
  • Unit mix includes four-bedroom, three-bedroom, two-bedroom, and one-bedroom units.
  • Currently 100% vacant, offering value-add potential.
  • Updated electrical and plumbing systems; central boiler heating.

Property Details for 7031 Merrill Ave

Property type
Apartment buildings
Square Feet
1 SF
Units
41

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7670236
Longitude
-87.5722941
7031 Merrill Ave, Chicago, Illinois

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7031 Merrill Ave
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