2501 West Chicago Avenue

2501 West Chicago Avenue in Chicago, IL was first built in 1904 and is 120 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. In total, the area measurement of the land is 3,075 square feet.

Learn more about the property and building on this page. 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, 2501 West Chicago Avenue was last sold in Nov 15, 2023 for $1,000,000. According to our calculations, that's $312.50 per sqft. Prior to that sales transaction, the property was sold for $885,000 in Feb 28, 2008. Current property owners are expected to pay $19,715 in taxes per year. The property on 2501 West Chicago Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $95,852. To break that down further, the land itself was valued at $15,375. While improvements to the property were assessed at a total of $80,477. 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. 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!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.