NOT LISTED FOR SALE

7440 S Merrill Ave Chicago, IL 60649

South Shore Neighborhood

Estimated Value: $224,000 - $532,000

4 Beds
4 Baths
3,592 Sq Ft
$108/Sq Ft Est. Value

Last Sold August 05, 2021

Last sale price $400,000 $111 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,149/month

10 Days on Market

Highlights

  • Wood Flooring
  • Great Room
  • Wine Refrigerator
  • Heated Sun or Florida Room
  • Mud Room
  • Formal Dining Room

About This Home

As of August 2021

Beautifully remodeled brick bungalow with open floor plan, hardwood floors and winding staircase; just minutes away from Jackson park golf course, the lake and many of Chicago's main attractions! This five bedroom four bath home boast beautiful hardwood floors, modern finishes, an abundance of natural light including a skylight over the winding staircase. The beautiful fireplace surrounded by original stain glass windows are a great focal point for the living room/dining room combo. A huge eat-in kitchen with shaker cabinets, granite countertops, stainless-steel appliances, and a large island ideal for family gatherings as it backs a large great room! The main level also features one bedroom, a full bath, sunroom and mudroom while the second level has two spacious-sized bedrooms, a full bath, linen closet and Master Suite. The master suite boasts a walk in closet, large ensuite with private toilet room and dual showers. Basement has huge family room, perfect for recreation and entertaining as well as a 5th bedroom, a full bath, laundry room, two storage rooms and exterior access. Home has a two car detached garage with 8ft door as well as a party door to the patio. This home has a new makeover with all new mechanicals including dual HVAC system for efficiency. Great home on a great block with great neighbors! Additional photos coming soon! Showings to begin 5/28/2021.

Last Agent to Sell the Property

Veronica Shears

Core Realty & Investments Inc. License #475181040 Listed on: 05/24/2021

Core Realty & Investments Inc.

Last Buyer's Agent

Kimberly Chase-Harding

Berkshire Hathaway HomeServices Chicago License #471007476

Berkshire Hathaway HomeServices Chicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,311

Year Built

  • Built in 1920 | Remodeled in 2020

Lot Details

  • 4,138 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 3,592 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Wood Burning Fireplace
  • Mud Room
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Heated Sun or Florida Room
  • Storage Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms
  • 4 Full Bathrooms

Laundry

  • Sink Near Laundry
  • Gas Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,311

Year Built

Built in 1920 | Remodeled in 2020

Lot Details

4,138 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2020

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Wine Refrigerator
  • Basement: Full, Walkout
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Skylight(s), Hardwood Floors
  • LivingArea: 3592
  • Room Type: Bedroom 5, Great Room, Heated Sun Room, Mud Room, Storage
  • Estimated Total Finished Sq Ft: 3592
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 3592

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Size Acres: 0.095
  • Lot Dimensions: 4125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1310.55
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2022
Sold by
Thomas Gailyn and The Gailyn Thomas Living Trust
Bought by
The Gailyn Thomas Living Trust
Current Estimated Value
$388,710

Purchase Details

Listed on
May 24, 2021
Closed on
Jul 20, 2021
Sold by
Legacy Real Estate Solutions Llc
Bought by
Thomas Gailyn
Seller's Agent
Veronica Shears
Core Realty & Investments Inc.
Buyer's Agent
Kimberly Chase-Harding
Berkshire Hathaway HomeServices Chicago
List Price
$424,900
Sold Price
$400,000
Premium/Discount to List
-$24,900
-5.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.63%
Original Mortgage
$386,141
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 22, 2018
Closed on
Apr 6, 2018
Sold by
Federal National Mortgage Association
Bought by
Legacy Real Estate Solutions Llc
Seller's Agent
Gerard Lewis
Better Homes For America, LLC
Buyer's Agent
Teneshia Brass
Premier Midwest Realty, INC
List Price
$60,000
Sold Price
$85,000
Premium/Discount to List
$25,000
41.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.22%
Original Mortgage
$175,950
Interest Rate
4.43%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 26, 2007
Sold by
Esters Delores C
Bought by
Esters Delores C and Esters Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.44%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Aug 23, 2007
Sold by
Hamilton Alice and Esters Delores
Bought by
Esters Delores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.44%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Gailyn Thomas Living Trust -- --
Thomas Gailyn $400,000 Citywide Title Corporation
Legacy Real Estate Solutions Llc $85,000 Attorneys Title Guaranty Fun
Esters Delores C -- None Available
Esters Delores -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Gailyn $386,141
Previous Owner Legacy Real Estate Solutions Llc $175,950
Previous Owner Esters Delores $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2021 08/05/21 Sold $400,000 -5.9% $111 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $424,900 +399.9% $118 / Sq Ft
04/06/2018 04/06/18 Sold $85,000 +41.7% $51 / Sq Ft View Prior Sale
03/05/2018 03/05/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $60,000 -- $36 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,839 $38,501 $3,713 $34,788
2024 $1,839 $38,501 $3,713 $34,788
2023 $1,764 $12,000 $5,156 $6,844
2022 $1,764 $12,000 $5,156 $6,844
2021 $2,413 $11,999 $5,156 $6,843
2020 $3,733 $16,757 $5,156 $11,601
2019 $1,311 $6,523 $5,156 $1,367
2018 $3,719 $18,828 $5,156 $13,672
2017 $3,900 $18,116 $4,537 $13,579
2016 $3,628 $18,116 $4,537 $13,579
2015 $3,320 $18,116 $4,537 $13,579
2014 $822 $17,827 $3,712 $14,115
2013 $825 $17,827 $3,712 $14,115
Source: Public Records

Agents Affiliated with this Home

  • Veronica Shears

    Seller's Agent in 2021

    Veronica Shears

    Core Realty & Investments Inc.

    (630) 363-6179

    1 in this area

    4 Total Sales

    Veronica Shears
    Section Image
  • Kimberly Chase-Harding

    Buyer's Agent in 2021

    Kimberly Chase-Harding

    Berkshire Hathaway HomeServices Chicago

    (773) 957-3599

    3 in this area

    84 Total Sales

    Kimberly Chase-Harding
    Section Image

  • G

    Seller's Agent in 2018

    Gerard Lewis

    Better Homes For America, LLC

    (312) 758-5721

    3 in this area

    53 Total Sales

    Gerard Lewis
    Section Image
  • Teneshia Brass

    Buyer's Agent in 2018

    Teneshia Brass

    Premier Midwest Realty, INC

    (773) 814-5741

    73 Total Sales

    Teneshia Brass
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11098637

Midwest Real Estate Data (MRED)

APN: 20-25-223-023-0000

Illinois Cook County Chicago 60649 South Shore

7440 S Merrill Ave, Chicago, IL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.