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Brick Duplex with Finished Basement
For Sale
$489,000

2341 N Merrimac Avenue, Chicago, IL 60639

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.08 Acres
Days on Market35

Property Features for 2341 N Merrimac Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Basement Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions Grand Ave east of Narragansett to Merrimac, north to property
Subdivision CHI - Belmont Cragin
Standard status Active
APN 13321030150000
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7377

Utilities

Sewer type Public Sewer
Heating system Steam, Natural Gas

Building Details

Year built 1920
Building materials Brick
Roof type Asphalt
Listing Agency: Re/Max Cityview · RE/MAX International
Listed By: Corina Flores-Moradi · License #475098455
Added: Jul 21 Changed: Aug 20 Last Checked: Aug 24 at 10:06PM
MLS# 12710826

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick duplex, built in 1920, is configured as a legal 2-unit property with a finished basement. The two residential units provide separate living accommodations, while the lower-level space can support recreation, storage, or office use. Steam heat powered by natural gas, an asphalt roof, and public sewer service are among the documented property features.

The property is located in Chicago with access to multiple CTA bus routes and the Kennedy Expressway, I-90/94. Riis Park and a selection of neighborhood restaurants, coffee shops, breweries, and boutiques are also nearby. Set on a 0.08-acre lot, the property offers a multi-unit configuration with additional finished interior space.

Key Highlights

  • Legal 2‑unit residential configuration
  • Finished basement adds recreation, office, or storage space
  • Brick construction with an asphalt roof

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Dental Office Accounting Firm Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

856
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Legal two-unit layout includes additional finished basement space.
Where is this duplex located?
The property is located at 2341 N Merrimac Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Legal 2‑unit residential configuration; Finished basement adds recreation, office, or storage space; Brick construction with an asphalt roof
More about this property
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