Seller's Agent in 2025
Brian Mond
33 Realty
(773) 615-2626
1 in this area
1 Total Sale
7250 S Merrill Ave Chicago, IL 60649
South Shore Neighborhood
--
Bed
6
Baths
9,135
Sq Ft
1916
Built
About This Home
As of September 2025Pleased 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,293
Year Built
- Built in 1916
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- 3-Story Property
- Lot Dimensions are 50x125
- Partially Finished Basement
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $360
- Insurance Expense $5,400
- Trash Expense $1,973
- Water Sewer Expense $4,896
- Operating Expense $27,297
- Gross Income $90,000
- Net Operating Income $58,028
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/12/2025 09/12/25 | Sold | $583,000 | -10.2% | $64 / Sq Ft | |
| 06/26/2025 06/26/25 | Pending | -- | -- | -- | |
| 06/17/2025 06/17/25 | Price Changed | $649,000 | -6.6% | $71 / Sq Ft | |
| 06/12/2025 06/12/25 | For Sale | $695,000 | +93.1% | $76 / Sq Ft | |
| 02/28/2017 02/28/17 | Sold | $360,000 | -7.6% | -- | View Prior Sale |
| 12/29/2016 12/29/16 | Pending | -- | -- | -- | |
| 05/26/2016 05/26/16 | For Sale | $389,500 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,293 | $46,032 | $6,020 | $40,012 |
| 2024 | $5,293 | $46,032 | $6,020 | $40,012 |
| 2023 | $5,142 | $25,000 | $7,506 | $17,494 |
| 2022 | $5,142 | $25,000 | $7,506 | $17,494 |
| 2021 | $5,027 | $24,998 | $7,505 | $17,493 |
| 2020 | $5,798 | $26,029 | $7,505 | $18,524 |
| 2019 | $5,876 | $29,247 | $7,505 | $21,742 |
| 2018 | $5,777 | $29,247 | $7,505 | $21,742 |
| 2017 | $6,032 | $31,398 | $6,604 | $24,794 |
| 2016 | $5,789 | $31,398 | $6,604 | $24,794 |
| 2015 | $5,273 | $31,398 | $6,604 | $24,794 |
| 2014 | $5,705 | $33,319 | $5,403 | $27,916 |
| 2013 | $5,582 | $33,319 | $5,403 | $27,916 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Mond
-
Tameka Lewis-Madkins
Buyer's Agent in 2025
Tameka Lewis-Madkins
Keller Williams Preferred Rlty
(847) 445-0542
5 in this area
107 Total Sales
-
Marco Cesario
Seller's Agent in 2017
Marco Cesario
Jameson Commercial
(312) 315-7173
5 in this area
11 Total Sales
-
Jeffrey Baasch
J
Seller Co-Listing Agent in 2017
Jeffrey Baasch
AW Properties Global/Auction Works
(312) 676-1866
1 Total Sale
-
A
Buyer's Agent in 2017
Alexander Haneberg
Compass
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12382675
APN: 20252080400000
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Based on information submitted to the MLS GRID. 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 IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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