5045 West Madison Street

Local assessors in Chicago, IL have categorized 5045 West Madison Street as a commercial type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 5,632 square feet. This is a single story home so it's perfect for folks who don't want to have to climb 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, 5045 West Madison Street was last sold in Aug 23, 2019 for $475,000. Prior to that sales transaction, the property was sold for $120,000 in Jun 10, 2018. Current property owners are expected to pay $22,252 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 5045 West Madison Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $108,187. To break that down further, the land itself was valued at $9,152. While improvements to the property were assessed at a total of $99,035. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.