7900 S Merrill Ave Chicago, IL 60617
South Chicago NeighborhoodEstimated payment $6,147/month
Total Views
643
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Corner Lot
- Courtyard
- Hot Water Heating System
About This Home
The property is a 15-unit corner courtyard apartment building located in Chicago's South Shore neighborhood. Spacious 2-bedroom & 1 bath units. Multiple units have been renovated. Ten out of the fifteen are occupied. Current rents are below market rate. Great investment with some improvement needed. Newer windows were installed around 2015, and a new boiler system was installed in 2023. Each unit has individual circuit breakers. There is a full basement with a maintenance storage room. Eleven parking spaces behind the building. The owner is selling "as is".
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,015
Year Built
- Built in 1960
Lot Details
- 3,125 Sq Ft Lot
- Corner Lot
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Composition Roof
Additional Features
- 3-Story Property
- Courtyard
- Hot Water Heating System
Community Details
Overview
- 15 Units
Building Details
- Electric Expense $1,981
- Fuel Expense $12,814
- Insurance Expense $2,200
- Maintenance Expense $7,500
- Manager Expense $8,916
- Trash Expense $2,790
- Water Sewer Expense $7,930
- Operating Expense $86,341
- Gross Income $133,500
- Net Operating Income $23,802
Map
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Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/03/2025 08/03/25 | Pending | -- | -- | -- |
07/29/2025 07/29/25 | For Sale | $825,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Source: Midwest Real Estate Data (MRED)
MLS Number: 12432695

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