Ten-Unit Apartment
For Sale
$1,175,000
6842 S Merrill Ave, Chicago, IL 60649
Well-maintained 10-unit building with a mix of one-, two-, and three-bedroom apartments and updated kitchens and baths.
Property Size11,000 SF
Days on Market158
Property Features for 6842 S Merrill Ave
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Multifamily
Site & Location
Neighborhood
South Shore
Additional Details
Multifamily Units
10
Building Details
Building Size
11,000 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
Kiser Group
Listed By:
Noah Birk · License #IL #475125864
(630) 209-3622
Source:
Kisergroup
Added: Jun 2
Changed: Oct 26
Last Checked: Nov 6 at 6:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
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Investment Insights
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Kiser Group is pleased to exclusively present 6842 S. Merrill, a well-maintained ten (10) unit apartment building on a quiet, tree-lined street. The tenant mix includes seven (7) three-bedroom, one-bath units, one (1) two-bedroom, one-bath unit, and two (2) one-bedroom, one-bath units. The building offers modern kitchens and baths throughout, with an emphasis on exterior upkeep supported by an abundance of masonry and tuckpointing work.
The property is positioned for long-term appeal in Chicago’s South Side, with access to local transportation and close proximity to Lake Michigan. It also benefits from neighborhood retail and ongoing investment in the surrounding area. The listing notes a prime Jackson Park location.
This asset may appeal to investors and owner-operators looking for a stable residential income opportunity with a straightforward unit mix and demonstrated maintenance. With multiple larger three-bedroom units alongside one- and two-bedroom options, the building may support diversified tenant demand while maintaining a consistent residential layout across the property.
The property is positioned for long-term appeal in Chicago’s South Side, with access to local transportation and close proximity to Lake Michigan. It also benefits from neighborhood retail and ongoing investment in the surrounding area. The listing notes a prime Jackson Park location.
This asset may appeal to investors and owner-operators looking for a stable residential income opportunity with a straightforward unit mix and demonstrated maintenance. With multiple larger three-bedroom units alongside one- and two-bedroom options, the building may support diversified tenant demand while maintaining a consistent residential layout across the property.
Key Highlights
- Well‑maintained 10‑unit multifamily building built in 1924
- Unit mix: seven 3Bd/1Ba, one 2Bd/1Ba, and two 1Bd/1Ba apartments
- Modern kitchens and modern baths across the units
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Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
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Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 10-unit building with a mix of one-, two-, and three-bedroom apartments and updated kitchens and baths.
Where is this apartment building located?
The property is located at 6842 S Merrill Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Well‑maintained 10‑unit multifamily building built in 1924; Unit mix: seven 3Bd/1Ba, one 2Bd/1Ba, and two 1Bd/1Ba apartments; Modern kitchens and modern baths across the units
