No photo available
$730,000 Just Listed
Property Description
Fantastic opportunity to own a turnkey three-flat in the elevated Jackson Park neighborhood in South Shore, perfect for an owner-occupant or investor. The building is HUGE on a double-wide lot with each unit being 2100 SF. Fully gut rehabbed in 2014 with all new plumbing, electrical, drywall and refinished floors. Each unit offers three spacious bedrooms and two full baths, along with expansive living and dining areas, a bright sunroom, and a large open kitchen featuring granite and stainless steel appliances each unit includes a "separate A/C, furnaces, hot water heaters, and in-unit W/D" ?. Enclosed walk up, three-car garage, and a sizable backyard. The full unfinished basement presents excellent potential for a 4th unit, with high ceilings, egress/ingress - an outstanding value-add opportunity. Ideally located on one of the nicest streets in Jackson Park, South Shore's beautiful beaches and boat docks, the Museum of Science and Industry, and a variety of shopping and dining options. Convenient access to downtown via bus, train, or Lake Shore Drive. Adding to the area's appeal, a new family entertainment center is scheduled to break ground in Spring 2026. 2 units are currently rented at $1990-2100/unit, reflecting the quality level of finishes and location. Assumablie FHA Loan 2.75% Loan balance $358,109.00 PITI $2,777.00.
Full Property Details
Full Property Details for 6730 S Merrill Ave
General
- Price: $730,000
- Taxes: $5,100 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12692973
- Updated: 7/1/2026
- Added to Site: 6 day(s) ago
Rental Information
- Complex Features: Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 6
- Upper - Full Baths: 6
Bedrooms
- Total Bedrooms: 9
Parking
- Garage: Yes
- Garage Spaces: 3
- Total Spaces: 3
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - South Shore
- County: Cook
- Township: Hyde Park
- Driving Directions: 67 East to Merrill (2100)
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full, Daylight
- Foundation: Concrete Perimeter
- Windows: Screens
- Year Built: 1917
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.1
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 4375SQ FT
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $3,500
- Parking Included: Yes
- Assessment Year: 1917
- Tax Amount: $5,100
- Tax Year: 2024
- Pays Sewer: Public Sewer, Storm Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20244020130000
Listed by Select a Fee RE System
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 6730 S Merrill Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Okeeffe Elementary School 6940 South Merrill Avenue, Chicago, IL 60649 | K-8 | 0.3 mi |
Hyde Park Academy High School 6220 South Stony Island Avenue, Chicago, IL 60637 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6730 S Merrill Ave
Date
Details
Price
Change
Source
7/01/2026
Listed
$730,000
261.39%
MLS
5/13/2014
Sold
$202,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6730 S Merrill Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,082
—
$46,111
92%
2023
$5,082
3%
$23,999
—
2022
$4,936
2%
$23,999
—
2021
$4,826
32%
$23,999
47%
2020
$3,647
-1%
$16,372
-11%
2019
$3,696
2%
$18,396
—
2018
$3,634
-27%
$18,396
-21%
2017
$4,997
-11%
$23,212
-17%
2016
$5,623
9%
$28,073
—
2015
$5,144
3%
$28,073
5%
2014
$4,982
2%
$26,851
—
2013
$4,884
1%
$26,851
—
2012
$4,818
—
$26,851
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6730 S Merrill Ave
6730 S Merrill Avenue, Chicago, IL 60649 (MLS# 12692973) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 6730 S Merrill Avenue is currently listed for $730,000 and was received on July 01, 2026. Want to learn more about 6730 S Merrill Avenue? Do you have questions about finding other Multi-Family real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.
