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1503 West Madison Street

1503 West Madison Street, Chicago, IL 60607
Commercial in Near West Side
This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. This is a single bedroom home. 1503 West Madison Street has 750 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,126 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. There is one available parking space. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $38,979 in taxes per year. The property on 1503 West Madison Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $188,864. To break that down further, the land itself was valued at $14,063. While improvements to the property were assessed at a total of $174,801. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181120 Unit B
11/20/2018
B
Studio
-
-
-
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Building Style: Unknown
  • Exterior Walls Type: Brick
  • Living Units: 175
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,126
  • Total Building Area: 0
  • Building Area: 750
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 750
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PARK 1500 LOFTS CONDO
  • Land Acres: 0.095
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : MONROE 1515 LLC
  • Previous Owner : THE SALVATION ARMY

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 833100

Zoning

  • Zoning: DX-3

Geography

  • Assessors Map Reference: Sep 02, 2007
  • District: 77
  • Parcel: 17-17-106-021-0000
  • Lot: 15
  • Municipality: WEST CHICAGO
  • Latitude: 41.8799
  • Longitude: -87.6646

    Address

  • Full Address: 1503 W Monroe St
  • Address - House Number: 1503
  • Street Direction: W
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Zip Code: 60607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,979
  • Tax Rate Code Area: 77114

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 422,329
  • High Value: 486,073
  • Low Value: 358,584

    Market Valuation

  • Market Total Value: $1,888,640
  • Market Land Value: $140,630
  • Market Improvement Value: $1,748,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $188,864
  • Assessed Land Value: $14,063
  • Assessed Improvements Value: $174,801

    Sales

  • Current Sale Contract Date: Oct 21, 2015
  • Current Sale Recording Date: Oct 26, 2015
  • Current Sale Transaction ID: 1339666571
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1529922055

    Last Sale Mortgage

  • First Mortgage Lender: VSD SUB 1 LLC
  • First Mortgage Transaction Date: Oct 26, 2015
  • First Mortgage Loan Amount: $15,000,000
  • First Mortgage Terms: 47
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Oct 21, 2019

About West Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1503 West Madison Street located in?
The 1503 West Madison Street is a commercial located in the neighborhood of Near West Side in West Side, Chicago.
What is the average sales price for listings in 1503 West Madison Street?
The average sales price for units in 1503 West Madison Street is $0 currently.

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