ClosedPrice Reduced

$485,000

$549,900
6941 Merrill Avenue, Chicago, IL 60649
7 Beds5 Baths48 days
6941 Merrill Avenue·Chicago, IL 60649
7Bedrooms
5Bathrooms
1913Year Built
About This Home

Price Drop! This is a hot property! Add this unique gem to your investment portfolio or live in and let rental income pay the mortgage. This large classic brick beauty features 3 units and a basement In-law suite. Each unit is a 2 bedroom with the exception of the basement being a one bedroom. Second floor unit is a two bedroom two bathroom. Building has front exterior balconies and rear enclosed porches. Building boasts 7 bedrooms and 5 baths. Fully occupied. Laundry in basement as well as extra storage lockers and fenced in yard. Each unit offers ample storage, den/pantry room off kitchen that's 8x6 and loads of light. Three car brick garage. Desirable location! Close to South Shore Cultural Center, Beach, Golf Course, Nature Sanctuary and future Obama Library. Roofs replaced 2016, Boiler replaced 2017 and electrical updates 2017. Building is well cared for and is a great opportunity. Opportunity is knocking, will you answer.

MLS# 12062823Listed May 22, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms5
Total Rooms20

Size & Structure

Garage Spaces3
Year Built1913
Lot Size25X125

Location

CountyCook
TownshipHyde Park
Zip Code60649

Financial

List Price$485,000
Original Price$549,900
Annual Taxes (2022)$3,675
Monthly Tax Est.$306
Parcel #20244170110000
Interior Features

Heating

Radiator(s)

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick

Exterior Features

Balcony
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

On SiteDetachedGarage
Tax & Financial
Annual Taxes
$3,675
Tax Year 2022
Monthly Tax Est.
$306
per month
Price Reduced by $64,900
Original list price: $549,900
Property Location

6941 Merrill Avenue, Chicago, IL 60649Cook County

$485,000
6941 Merrill Avenue
7 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
48 days on market
3-car garage
25X125
$3,675/yr taxes
Price reduced $64,900
$2,855
estimated monthly payment
Principal & Interest
$2,549/mo
Property Tax
$306/mo
$485,000
20% — $97,000
3%50%
6.875%
3%12%
Loan Amount
$388,000
Down Payment
$97,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
@properties Christie's International Real Estate
Agent: Nicholas Lovett
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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