Property Overview
Interra Realty has been exclusively engaged to market 6700 S. Merrill Avenue, Chicago for sale. The subject investment property is a 50 unit, courtyard style, multifamily asset in the Jackson Park Highlands submarket of South Shore.
The property boasts a large street presence and is directly across from the Jackson Park Golf Course. The attractive and diverse unit mix at the property ranges from large one bedroom to three bedroom floorplans. The units are heated via radiator steam heat.
The property offers significant value add potential via in unit renovations and an opportunity to re-tenant the property as the building is currently~60% vacant. A new owner has the opportunity to capitalize on significant leasing momentum in a Chicago submarket that has experienced strong appreciation.
Highlights
- Major Re-Positioning Opportunity
- Immediate Economies of Scale
- Desirable Jackson Park Location
- Attractive Unit Mix Of 1, 2 & 3 Bedroom Layouts