6941 S Merrill Avenue
Chicago, IL 60649

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $485,000
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About this home

Price Drop! This is a hot property! Add this unique gem to your investment portfolio or live in and let rental income pay the mortgage. This large classic brick beauty features 3 units and a basement In-law suite. Each unit is a 2 bedroom with the exception of the basement being a one bedroom. Second floor unit is a two bedroom two bathroom. Building has front exterior balconies and rear enclosed porches. Building boasts 7 bedrooms and 5 baths. Fully occupied. Laundry in basement as well as extra storage lockers and fenced in yard. Each unit offers ample storage, den/pantry room off kitchen that's 8x6 and loads of light. Three car brick garage. Desirable location! Close to South Shore Cultural Center, Beach, Golf Course, Nature Sanctuary and future Obama Library. Roofs replaced 2016, Boiler replaced 2017 and electrical updates 2017. Building is well cared for and is a great opportunity. Opportunity is knocking, will you answer.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1913
Parking Total 3
Exterior Building Type Brick
Exterior Property Features Balcony
Parking On-Site Yes
Garage Type Detached
Parking Spaces Count 3
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Shore
Corporate Limits Chicago
Directions Stony Island Ave to 71st St. Left on Merrill Ave.
Elementary Sch Dist 299
Heat/Fuel Radiator(s)
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Partially Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 5
Full Baths in Building Count 5
Total Rooms 20
Units
unit 1
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date M2M
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 3
unit 2
Beds Total 2
Baths Total 2
Actual Rent 1100
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 2
Lease Expiration Date 07/24
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 2
Baths Total 1
Actual Rent 800
Appliances And Features Stove, Refrigerator, Washer, Dryer, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 6
Security Deposit 300
Tenant Pays Electric,Gas
Floor Number 1
unit 4
Beds Total 1
Baths Total 1
Actual Rent 950
Appliances And Features Stove, Refrigerator, Microwave, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 4
Security Deposit 950
Tenant Pays None
Floor Number B
Property / Lot Details
Lot Dimensions 25X125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20244170110000
Special Assessments N
Taxes $3,675
Tax Exemptions None
Tax Year 2022
$485,000 Listing Price:
MLS # 12062823
Investment Profile Residential Income
Listing Market Time 82 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 4
Parking Garage
List Date 05/22/2024
Year Built 1913
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