7031 Merrill AveChicago, IL 60649

Property Details for 7031 Merrill Ave

Property size (Sq ft)

1 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.767

Longitude

-87.5723

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