Local assessors in Chicago, IL have categorized 5534 West Belmont Avenue as a commercial type of property.
The home was built in 1928 and is 96 years old.
The property's lot size has been calculated to be 9,375 square feet.
Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style.
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. 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, 5534 West Belmont Avenue sold most recently in Aug 27, 2022 for a total of $570,000. If you work out the math, that's approximately a cost of $95.00 per sqft. Before that, the property was also sold for $128,000 in Aug 25, 1993. 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 $30,605 in taxes each year. The initial year of tax delinquency occurred in 2021. 5534 West Belmont Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $130,426. If we break it down further, the land itself was valued at $58,594. Improvements to the property, however, were assessed at a total of $71,832. 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. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.
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. 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, 5534 West Belmont Avenue sold most recently in Aug 27, 2022 for a total of $570,000. If you work out the math, that's approximately a cost of $95.00 per sqft. Before that, the property was also sold for $128,000 in Aug 25, 1993. 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 $30,605 in taxes each year. The initial year of tax delinquency occurred in 2021. 5534 West Belmont Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $130,426. If we break it down further, the land itself was valued at $58,594. Improvements to the property, however, were assessed at a total of $71,832. 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. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.
Building Features
Exterior
Brick Exterior
This property description is generated based on publicly available data.
5534 West Belmont Avenue, Chicago, IL 60641
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0 Past Sales
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