6842 S. Merrill ave - Multi-Family FOR SALE


Chicago, IL 60649- South Shore
$1,175,000 USD
773-293-5090
6842 S. Merrill ave, Chicago, IL for Sale
$1,175,000 USD
Multi-Family - FOR SALE
1/5
null | 10.79% Cap Rate

6842 S. Merrill ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Two (2) 1Bd/1Ba, One (1) 2Bd/1Ba, & Seven (7) 3Bd/1Ba
  • Modern Kitchens & Baths
  • Abundance of Masonry & Tuckpointing Work
  • Prime Jackson Park Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 6842 S. Merrill, a well-maintained ten (10) unit building located on a quiet, tree-lined street in Chicago’s South Side. The property benefits from its proximity to local transportation, Lake Michigan, neighborhood retail, and continued investment throughout the surrounding area. 6842 S. Merrill features a highly desirable unit mix consisting of two (2) 1Bd/1Ba units, one (1) 2Bd/1Ba unit, and seven (7) 3Bd/1Ba units, appealing to a broad tenant base, particularly larger households seeking more spacious layouts. The units offer functional floor plans and strong rental demand, providing stability for current and future ownership. The building presents investors with an exceptional in-place cap rate of 10.79%, delivering strong immediate returns. Through continued management and rental optimization, the asset has the potential to reach a 12.72% pro forma cap rate. Additionally, investors can achieve a 20.99% cash-on-cash return at current operations, with the opportunity to increase returns to 28.72% on a pro forma basis.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

10

PRICE/UNIT

$117,500

CAP RATE

10.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-5

APN/PARCEL ID

20-24-409-019-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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