7738 South Merrill Avenue

Chicago, IL 60649

$340,000
Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a fantastic investment opportunity with this meticulously maintained 2-flat building, perfect for those looking to live in one unit and rent out the other, or for a savvy investor seeking solid returns. The first-floor unit features 2 spacious bedrooms, a full bathroom, a moderately updated kitchen, and a large, inviting living room. A charming den allows for relaxing moments inviting in a lot of natural light. The second-floor unit mirrors the same appeal with 2 bedrooms, 1 full bathroom,...Introducing a fantastic investment opportunity with this meticulously maintained 2-flat building, perfect for those looking to live in one unit and rent out the other, or for a savvy investor seeking solid returns. The first-floor unit features 2 spacious bedrooms, a full bathroom, a moderately updated kitchen, and a large, inviting living room. A charming den allows for relaxing moments inviting in a lot of natural light. The second-floor unit mirrors the same appeal with 2 bedrooms, 1 full bathroom, an updated kitchen, a generous living room, and another sun porch-offering comfort and style on every level. The finished basement is a versatile space, complete with its own bedroom, full bathroom, living area, laundry room, and on a separate gas meter, opening endless rental possibilities or additional living space. With a 2.5-car garage providing secure parking and extra storage, this property has it all. Whether you're looking to live in one unit and rent out the others or expand your real estate portfolio, this remarkable building offers both comfort and investment potential. Don't miss out-this is an opportunity you won't want to pass up!
  1. Listed by Elijah Reese • Serene Realty, Inc.
  2. Listed by Vadie Reese • Serene Realty, Inc.

Property Details for 7738 South Merrill Avenue

Area
CHI - South Shore
Township
South Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Radiator(s)
LISTING UPDATED: 11/15/2024 02:48 AM

Property Details for 7738 South Merrill Avenue

StatusNew
MLS #12209476
Days on Market2
Taxes$4,235 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1920
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 7738 South Merrill Avenue

Stories-Residences2Year Built1920Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 7738 South Merrill Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 11
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Den
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 125 X25
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 7738
  • East Coordinate: 2132
  • West Coordinate: 0
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA, Cash
  • Public Document Count: 2
  • Document Date: 2024-11-13T16:05:14
  • Photos Count: 20
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $1,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM

Property History for 7738 South Merrill Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7738 South Merrill Avenue

Taxable ValueLand$5,156Additions$14,843Total$19,999
Tax Record2022$3,410 ($284 / month)
Home Facts
Baths2Total Finished SqFt2,530 SqFtAbove Grade Finished SqFt2,530 SqFtStories2Lot Size4,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyCOOKAPN20-25-418-024

Schools near 7738 South Merrill Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Mann Elementary School
PublicPK to 8

South Shore Intl Col Prep High School
Public9 to 12

YCCS-Sullivan House Alt HS
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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7738 South Merrill Avenue is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on November 13, 2024 by Serene Realty, Inc., it's currently listed at $340,000. It has been on the market for a total of 2 days and was last sold on October 7, 2022. This listing's school district is Chicago Public Schools. Nearby schools include Mann Elementary School, Chicago Vocational Career Academy High School and South Shore Intl Col Prep High School. 7738 South Merrill Avenue is a 5-bed, 3-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Serene Realty, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/15/2024 02:48 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.