5401 South Racine Avenue

5401 South Racine Avenue in Chicago, IL was first built in 1919 and is 105 years old. This has been categorized as a industrial 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 13,714 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5401 South Racine Avenue sold most recently in Apr 7, 2023 for a total of $250,000. If you work out the math, that's approximately a cost of $19.69 per sqft. Before that, the property was also sold for $120,000 in Apr 28, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $19,464 in taxes each year. The initial year of tax delinquency occurred in 2021. 5401 South Racine Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $94,633. If we break it down further, the land itself was valued at $13,714. Improvements to the property, however, were assessed at a total of $80,919. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.