2341 N Merrimac Avenue

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 2341 N Merrimac Ave, Chicago, IL 60639, USA
Chicago & Midwest + Apartment Buildings
Created date: July 29, 2026
Date last updated: September 17, 2026
Price: $489,000Investment Analyzer NEW!

Property Description

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $489,000
Year Built: 1920
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 5
Number of Bathrooms: 4
Address: 2341 N Merrimac Avenue, Chicago, IL 60639, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

208 SW 5th Avenue

Aberdeen, South Dakota
Chicago & Midwest + Apartment Buildings
Price: $160,000

2001 S Empire Avenue

Joplin, Missouri
Chicago & Midwest + Apartment Buildings
Units: 1
Price: $125,000

421 SPRUCE

Rapid City, South Dakota
Chicago & Midwest + Apartment Buildings
Price: $135,000

Brokers

View All

Lenders

View All