2405 West Iowa Street

2405 West Iowa Street in Chicago, IL was first built in 2022 and is 2 years old. This has been categorized as a unknown property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. 2405 West Iowa Street has 44,811 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 2,592 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of unknown. The property was last sold in Nov 25, 2023 for $750,000. That's $16.74 per sqft. Prior to that sales transaction, the property was also sold in Dec 9, 2022 for $11,500. 2405 West Iowa Street was last assessed in 2022. The total value of the property was assessed at $101,456. Specifically, the land the property is located on was valued at $5,806. While improvements on the property were assessed at a total of $95,650. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $20,867. 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.