501 Merrill St
Braceville, IL 60407
3 bd 1 ba 1,600 sqft Built 1978 Lot 16,026 sqft single_family
Most recent sale
$167,000
Jan 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 29, 2022 | Listing removed | $174,900 | MRED |
| Jan 19, 2022 | Sold | $167,000 | Public Record |
| Jan 14, 2022 | Sold | $167,000 | MLS #11266451 |
| Nov 18, 2021 | Price changed | $169,900 | MLS #11266451 |
| Nov 9, 2021 | Listed | $174,900 | MLS #11266451 |
| Jun 29, 2017 | Sold | $139,000 | MLS #09611651 |
| May 1, 2017 | Listed | $137,500 | MLS #09611651 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $57,413 | $3,702 | $61,115 | $4,253 |
| 2022 | $49,653 | $3,201 | $52,854 | $3,853 |
| 2021 | $46,944 | $3,026 | $49,970 | $3,773 |
| 2020 | $45,212 | $2,914 | $48,126 | $3,616 |
| 2019 | $43,018 | $2,773 | $45,791 | $3,484 |
| 2018 | $41,198 | $2,735 | $43,933 | $3,111 |
| 2017 | $39,477 | $2,621 | $42,098 | $3,202 |
| 2016 | $37,842 | $2,512 | $40,354 | $3,106 |
| 2015 | $36,545 | $2,426 | $38,971 | $3,157 |
| 2014 | $36,600 | $2,430 | $39,030 | $2,961 |
| 2013 | $37,500 | $2,490 | $39,990 | $2,951 |
| 2012 | $39,310 | $2,610 | $41,920 | $3,097 |
| 2011 | $41,020 | $2,720 | $43,740 | $3,161 |
| 2010 | $42,720 | $2,830 | $45,550 | $3,137 |
| 2009 | $43,680 | $2,890 | $46,570 | $3,087 |
| 2008 | $43,040 | $2,850 | $45,890 | $2,922 |
| 2007 | $40,070 | $2,650 | $42,720 | $2,922 |
| 2006 | $38,160 | $2,520 | $40,680 | $2,688 |
Property facts
Year built
1978
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,600 sqft
Lot size
16,026 sqft
ZIP code
60407
City
Braceville
Street
Merrill St
Coordinates
41.22936, -88.26534
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,002
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Merrill St last sell?
501 Merrill St most recently sold on Jan 19, 2022 for $167,000.
What is the current tax assessment for 501 Merrill St?
The most recent total assessment for 501 Merrill St (year 2024) is $61,115 with $4,253 in property tax.
How does 501 Merrill St's assessment compare to its last sale price?
The current assessment is 63.4% below the last sale price of $167,000.
When was 501 Merrill St built?
501 Merrill St was built in 1978.
How does 501 Merrill St compare to others on Merrill St?
We track 8 other properties on Merrill St. Browse the list under "Other properties on Merrill St" to compare beds, baths, and sale history.
What are the property facts for 501 Merrill St?
501 Merrill St is a 3 bed, 1 bath, 1,600 sqft, 16,026 sqft lot single_family.
Is 501 Merrill St a flip candidate?
No — 501 Merrill St does not appear in our flips dataset.
Is 501 Merrill St a tax-appeal candidate?
No — 501 Merrill St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.8%
Implied 1-yr
-3.1%
2026 Q1
$217.5K
2026 Q2
$217.5K
ZIP 60407 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Merrill St