Jackson Park | 50 Units 6700 S Merrill Ave 50 Unit Apartment Building $3,250,000 ($65,000/Unit) 10.37% Cap Rate Chicago, IL 60649

Kiser Group is pleased to exclusively present for purchase 6700 S. Merrill, a fifty (50) unit apartment building in Chicago's historic Jackson Park neighborhood. Located in one of the most sought after pockets just seven (7) miles south of Chicago's downtown, the building sits blocks away from Lake Michigan and the South Shore Cultural Center, and also sits adjacent to Jackson Park - the future site of the Obama Presidential Library and renowned Jackson Park Golf Course.
6700 S. Merrill is comprised of nine (9) 1Bd/1Ba, thirty-five (35) 2Bd/1Ba, and six (6) 3Bd/1Ba units. All of which, however, feature spacious layouts and an abundance of natural light. The building is a mix between updated units and units that need to be turned. Further improvements to the building include, but are not limited to, an on-site laundry facility, newer boiler (2018) w/ R&D control system, and an abundance of masonry & tuckpointing work.
6700 S. Merrill presents an investor with the opportunity to acquire a property in one of Chicago's most desirable and appreciating neighborhoods. While the neighborhood has seen unprecedented growth over the past few years, further developments continue to aid the neighborhoods growth. With the addition of both the Presidential Library and the newly designed Jackson Park Golf Course, the neighborhood is slated to continue to further appreciate.