CRER has been exclusively retained to sell 6700 S Merrill Ave, a value-add, 50-unit apartment building in the South Shore neighborhood on Chicago’s south side. This is a major re-positioning opportunity that offers an attractive unit mix of 1, 2 and 3 bedrooms layouts and immediate economies of scale. Extensive renovations needed with approximately 50% of the building currently mostly gutted. This is a great opportunity for an experienced rehabber to finish and tenant the building as they see fit.

Unit Mix:

• Fourteen (14) 1BR/1BA
• Twenty Nine (29) 2BR/1BA
• Seven (7) 3BR/1BA

Investment Highlights:

• Immediate Scale in Rapidly Appreciating Lakefront Neighborhood
• AHSAP Property Tax Incentives Available with Building Renovations
• Desirable Unit Mix and Building Layout That Allows Tier by Tier Renovations
• Attractive Building Directly Across from Jackson Park Golf Course
• Major Renovations Needed. Sold “AS-IS”