6750 S Merrill Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$1,780,000 USD
312-477-0197
6750 S Merrill Ave, Chicago, IL for Sale
$1,780,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

6750 S Merrill Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Ideal Mix of One, Two, and Three-Bedroom Apartments
  • Highly Desirable Jackson Park Location
  • Opportunity to Stabilize Rent Roll and Capture Strong Market Rents

OVERVIEW

Interra Realty is pleased to present for sale 6750 S Merrill Ave. Located in the Jackson Park neighborhood on the south side of Chicago, the subject property is a twenty-five (25) unit building. The property features a highly desirable mix of one, two, and three-bedroom apartments. Units are in varying condition, with some needing minor cosmetic improvements, while others require significant construction to become habitable. The property presents qualified investors the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The building is currently partially vacant and in need of exterior improvements. Through the purchase the property and stabilization of the rent roll, investors can capture an 11.6%+ cap rate. Situated just blocks from Jackson Park, South Shore golf course, and Lake Michigan, the location offers tenants premier access to some of the most popular public amenities.

FOR SALE DETAILS

PRICE

$1,780,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

25

PRICE/UNIT

$71,200

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R-5

APN/PARCEL ID

20-24-402-017-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.