1235 South Wabash Avenue

1235 South Wabash 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 1989 and is 35 years old. This is a single story building so stairs are not necessary to access other parts of the home. The area measurement of the land has been determined as 2,052 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, 1235 South Wabash Avenue sold most recently in Feb 22, 2002 for a total of $225,000. If you work out the math, that's approximately a cost of $132.35 per sqft. Before that, the property was also sold for $650,000 in Jan 29, 1999. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,854 in taxes each year. 1235 South Wabash Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $38,066. If we break it down further, the land itself was valued at $37,639. Improvements to the property, however, were assessed at a total of $427. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!