8331 S Merrill Avenue
Chicago, IL, 60617 $ 175,000
Bedrooms4 Baths2.0 Sq 2,544 Monthly Estimate*
$ 1,209
for $175,000 with 4 bedrooms and 2 full baths. This 2,544 square foot home was built in 1923.
SPACIOUS 4-BEDROOM, 2-BATH HOME WITH INCREDIBLE VALUE-ADD POTENTIAL! Welcome to 8331 S. Merrill Avenue, nestled on a quiet residential block in Chicago's South Side community, just minutes from South Chicago Avenue and Jeffery Boulevard! This spacious home offers an exciting opportunity for homeowners and investors seeking generous living space, functional amenities, and the potential to build additional equity through strategic improvements. Featuring 4 bedrooms, 2 bathrooms, an exceptionally large first-floor primary bedroom, and a recently installed radiator (2025), this property offers flexibility and room to grow. The upper level presents an opportunity to create a luxurious primary suite, potentially incorporating a third bathroom or spacious walk-in closet. The basement offers even more possibilities, with opportunities to update the existing bedroom, enhance the common area and laundry space, and finish an additional bathroom, subject to applicable permits and approvals. Step outside and enjoy a generously sized backyard and detached 2-car garage, providing outdoor space for entertaining, recreation, and convenient off-street parking. Conveniently located near neighborhood shopping, dining, public transportation, parks, and major South Side thoroughfares, this property combines everyday accessibility with exciting possibilities for customization. MOVE IN, MAKE IT YOUR OWN, AND UNLOCK THE POTENTIAL! Whether you're searching for a spacious primary residence or a value-add investment opportunity, this property deserves a closer look. Schedule your private showing today!
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FeaturesGeneralLiving Area 2544
Sewer Public Sewer
Heating Radiant
Cooling Central Air
Possession Closing
Garage Spaces 2
Association Fee Includes None
Construction Materials Brick
Year Built 1923
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Total Rooms 7
Full Baths 2
Status New
Directions Take Stony Island Avenue to 83rd Street head east on 83rd Street to Merrill Avenue then turn south on Merrill Avenue to the property at 8331 S. Merrill Avenue.
City Chicago
High School District 299
MLS Area CHI - South Chicago
Tax Annual Amount 1692
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Finished Full
Half Baths 0
Total Bedrooms 3
Room Type No additional rooms
Total Baths 2
Bedrooms Possible 4
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ExteriorParking Features Yes Detached Garage
Water Source Public
Total Parking 2
Lot Dimensions 3750
Waterfront Y/N N
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* Excluded FeaturesList Byjpmsolutionsinc@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,209
- Monthly Property Taxes
- $141
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Chicago, IL
Average List Price $574,791
Percent of Sale Price 228%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/24/2026 | $175,000 | | Listed Price |