1617 South Michigan Avenue

Local assessors in Chicago, IL have categorized 1617 South Michigan Avenue as a exempt type of property. The property's lot size has been calculated to be 4,472 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Sep 21, 2006 for $2,300,000. Prior to that sales transaction, the property was also sold in Jun 19, 2001 for $350,000. 1617 South Michigan Avenue was last assessed in 2023. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $0. 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.