1048 North Ashland Avenue

1048 North Ashland Avenue has been categorized by the local assessors in Chicago, IL as a commercial type of property. The building on the property was first built in 1896 and is 128 years old. The building has a total of 3 stories. The area measurement of the land has been determined as 2,775 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1048 North Ashland Avenue sold most recently in May 2, 2003 for a total of $460,000. If you work out the math, that's approximately a cost of $242.11 per sqft. Before that, the property was also sold for $460,000 in May 15, 2003. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $24,405 in taxes each year. 1048 North Ashland Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $113,959. If we break it down further, the land itself was valued at $5,550. Improvements to the property, however, were assessed at a total of $108,409. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.