5919 South Archer Avenue

5919 South Archer Avenue has been categorized by the local assessors in Chicago, IL as a commercial type of property. The building on the property was first built in 1977 and is 47 years old. The building has a total of 2 stories. The area measurement of the land has been determined as 20,079 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page 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, 5919 South Archer Avenue was last sold in Dec 31, 2022 for $900,000. According to our calculations, that's $48.91 per sqft. Prior to that sales transaction, the property was sold for $925,000 in Oct 1, 2021. Current property owners are expected to pay $48,938 in taxes per year. The property on 5919 South Archer Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $237,932. To break that down further, the land itself was valued at $71,532. While improvements to the property were assessed at a total of $166,400. 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!