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Evolutionary model merging enables the creation of high-performing multi-task models but remains computationally prohibitive for consumer hardware. We introduce MERGE$^3$, an efficient framework that makes evolutionary merging of Large Language Models (LLMs) feasible on a single GPU by reducing fitness computation costs 50× while retaining a large fraction of the original performance. MERGE$^3$ achieves this by **E**xtracting a reduced dataset for evaluation, **E**stimating model abilities using Item Response Theory (IRT), and **E**volving optimal merges via IRT-based performance estimators. Our method enables state-of-the-art multilingual and cross-lingual merging, transferring knowledge across languages with significantly lower computational overhead. We provide theoretical guarantees and an open-source library, democratizing high-quality model merging.