2340 North Commonwealth Avenue

Local assessors in Chicago, IL have categorized 2340 North Commonwealth Avenue as a commercial type of property. The home was built in 1970 and is 54 years old. The property's lot size has been calculated to be 9,990 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. This is a 7 story home so residents will need to have climb at least one set of stairs on a daily basis.

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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2340 North Commonwealth Avenue was last sold in May 6, 1999 for $4,150,000. Current property owners are expected to pay $106,681 in taxes per year. The property on 2340 North Commonwealth Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $518,671. To break that down further, the land itself was valued at $109,890. While improvements to the property were assessed at a total of $408,781. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.