8040 Merrill Ave
Chicago, IL 60617
3 bd 1 ba 1,250 sqft Built 1923 Lot 4,375 sqft single_family
Most recent sale
$87,000
Oct 5, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 4, 2025 | Sold | $280,000 | Public Record |
| Dec 14, 2024 | Sold | $280,000 | MRED |
| Oct 18, 2024 | Price changed | $280,000 | MRED |
| Oct 10, 2024 | Listed | $275,000 | MRED |
| Oct 10, 2024 | Listed for rent | $2,750 | MRED |
| Sep 18, 2024 | Listed for rent | $2,850 | MRED |
| Sep 11, 2024 | Price changed | $285,000 | MRED |
| Aug 15, 2024 | Listed | $298,000 | MRED |
| Apr 19, 2024 | Listed | $278,000 | MRED |
| Apr 4, 2024 | Listing removed | $307,000 | MRED |
| Oct 28, 2023 | Listed | $307,000 | MRED |
| Oct 5, 2022 | Sold | $87,000 | MLS #11469122 |
| Jul 26, 2022 | Price changed | $80,000 | MLS #11469122 |
| Jul 20, 2022 | Listed | $95,000 | MLS #11469122 |
| May 31, 2022 | Listing removed | $95,000 | MRED |
| Apr 19, 2022 | Price changed | $95,000 | MLS #11334171 |
| Feb 28, 2022 | Listed | $115,000 | MLS #11334171 |
| Feb 19, 1992 | Sold | $70,000 | Public Record |
| Sep 1, 1990 | Sold | $43,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $10,531 | $5,468 | $15,999 | $3,375 |
| 2022 | $10,531 | $5,468 | $15,999 | $3,290 |
| 2021 | $10,531 | $5,468 | $15,999 | $3,217 |
| 2020 | $7,754 | $3,937 | $11,691 | $2,604 |
| 2019 | $9,053 | $3,937 | $12,990 | $2,610 |
| 2018 | $9,053 | $3,937 | $12,990 | $2,566 |
| 2017 | $10,831 | $3,500 | $14,331 | $92 |
| 2016 | $10,831 | $3,500 | $14,331 | $168 |
| 2015 | $10,831 | $3,500 | $14,331 | $162 |
| 2014 | $9,872 | $3,062 | $12,934 | $2,400 |
| 2013 | $9,872 | $3,062 | $12,934 | $161 |
| 2012 | $9,872 | $3,062 | $12,934 | $151 |
| 2011 | $10,132 | $3,937 | $14,069 | $2,280 |
| 2010 | $10,132 | $3,937 | $14,069 | $215 |
| 2009 | $10,132 | $3,937 | $14,069 | $201 |
| 2008 | $12,168 | $3,500 | $15,668 | $234 |
| 2007 | $12,168 | $3,500 | $15,668 | $292 |
| 2006 | $12,168 | $3,500 | $15,668 | $310 |
Property facts
Year built
1923
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,250 sqft
Lot size
4,375 sqft
ZIP code
60617
City
Chicago
Street
Merrill Ave
Coordinates
41.74863, -87.57262
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$522
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 8040 Merrill Ave last sell?
8040 Merrill Ave most recently sold on Oct 5, 2022 for $87,000.
What is the current tax assessment for 8040 Merrill Ave?
The most recent total assessment for 8040 Merrill Ave (year 2023) is $15,999 with $3,375 in property tax.
How does 8040 Merrill Ave's assessment compare to its last sale price?
The current assessment is 81.6% below the last sale price of $87,000.
When was 8040 Merrill Ave built?
8040 Merrill Ave was built in 1923.
How does 8040 Merrill Ave compare to others on Merrill Ave?
We track 8 other properties on Merrill Ave. Browse the list under "Other properties on Merrill Ave" to compare beds, baths, and sale history.
What are the property facts for 8040 Merrill Ave?
8040 Merrill Ave is a 3 bed, 1 bath, 1,250 sqft, 4,375 sqft lot single_family.
Is 8040 Merrill Ave a flip candidate?
No — 8040 Merrill Ave does not appear in our flips dataset.
Is 8040 Merrill Ave a tax-appeal candidate?
No — 8040 Merrill Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.8%
Implied 1-yr
+11.1%
2026 Q3
$262.1K
2026 Q4
$268.2K
ZIP 60617 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Merrill Ave