Gloria Zrnich
HomeSmart Connect LLC
(773) 825-3585
69 Total Sales
1 in South Shore
$65,000 Price
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.
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2025
Closed on
Jul 25, 2025
Sold by
Bought by
Seller's Agent
Brian Mond
33 Realty
Buyer's Agent
Tameka Lewis-Madkins
Keller Williams Preferred Rlty
List Price
$695,000
Sold Price
$583,000
Premium/Discount to List
-$112,000
-16.12%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,250
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
May 26, 2016
Closed on
Feb 28, 2017
Sold by
Bought by
Seller's Agent
Marco Cesario
Jameson Commercial
Buyer's Agent
Alexander Haneberg
Compass
List Price
$389,500
Sold Price
$360,000
Premium/Discount to List
-$29,500
-7.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$380,000
Interest Rate
4.19%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 7, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
5.78%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 12, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Shore, IL
-
Gloria Zrnich
-
Marc Whitley
Marc Whitley
Coldwell Banker Realty
(773) 570-1476
51 Total Sales
1 in South Shore
$375,000 Price
-
Airel Hermosillo
Airel Hermosillo
Smart Home Realty
(630) 761-5132
269 Total Sales
1 in South Shore
$46,000 Price
-
George Ayling
George Ayling
Select a Fee RE System
(708) 859-7153
206 Total Sales
2 in South Shore
$412K - $740K Price Range
-
Oscar Arteaga
Oscar Arteaga
Keller Williams Infinity
(773) 694-4311
77 Total Sales
2 in South Shore
$75K - $195K Price Range
-
Daisy Neal
Daisy Neal
Daisy Neal
(877) 894-6002
20 Total Sales
1 in South Shore
$92,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $583,000 | Saturn Title | ||
| $360,000 | Attorney | ||
| $365,000 | Ticor Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $437,250 | ||
| Previous Owner | $380,000 | ||
| Previous Owner | $273,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2025
Brian Mond
33 Realty
(773) 615-2626
1 in this area
2 Total Sales
-
Tameka Lewis-Madkins
Buyer's Agent in 2025
Tameka Lewis-Madkins
Keller Williams Preferred Rlty
(847) 445-0542
5 in this area
108 Total Sales
-
Marco Cesario
Seller's Agent in 2017
Marco Cesario
Jameson Commercial
(312) 315-7173
5 in this area
13 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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