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Price cut: $10,999
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Two to Four Units · Chicago, IL
$489,000$499,999
5 beds · 4 baths
2341 N Merrimac Avenue, Chicago, IL, 60639
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Classic Chicago bungalow offering the versatility of a legal 2-unit plus a finished basement, providing exceptional flexibility for owner-occupants, multigenerational living, or investors alike. This home blends the timeless appeal of a classic Chicago bungalow with the practical layout of a multi-unit property. Each unit offers comfortable living space filled with natural light, while the finished basement adds valuable space for recreation, a home office or storage. Ideally located with convenient access to the multiple CTA bus routes, and the Kennedy Expressway (I-90/94), commuting throughout the city is simple. Enjoy nearby neighborhood favorites including Riis Park, along with a growing collection of local restaurants, coffee shops, breweries, and boutiques that continue to make this area one of Chicago's most desirable neighborhoods. Whether you're looking for rental income, or expand your investment portfolio, this well-located property presents an outstanding opportunity in a thriving Chicago community.
— the listing agent’s description

The home

5 beds
4 baths
Built in 1920
0.08-acre lot
Two to Four Units

What it’ll cost

$7,377 taxes / yr
No HOA
Listed $499,999
Now $489,000
22 days on dwello

Estimated monthly payment

$3,358/mo
Principal & interest$2,600
Property taxes$615
Homeowners insurance$143
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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22 days on dwello
Price history
Price reduced
Aug 12, 2026
↓ $10,999$489,000
Listed for sale
Jul 21, 2026
$499,999
Now $10,999 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$7,377/yr
Assessed value
2025
County assessor
$40,001~$400,010 mkt
2024
$40,001~$400,010 mkt
2023
$22,000~$220,000 mkt
2022
$22,000~$220,000 mkt
2021
$22,000~$220,000 mkt
2020
$26,322~$263,220 mkt
2019
$30,608~$306,080 mkt
2018
$30,608~$306,080 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasSteamBrickPublic Sewer

Schools nearby

Belmont-Cragin Elementary School · 0.2 mi
CICS West Belden School · 0.3 mi
Burbank Elementary School · 0.4 mi
Acero Roberto Clemente School · 0.5 mi
St. James School · 0.6 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Corina Flores-Moradi · Re/Max Cityview
Listing last updated Aug 12, 2026 · data refreshed from the MLS Aug 12, 2026, 2:06 AM CT
Based on information submitted to the MLS GRID as of Aug 12, 2026, 2:06 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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