6140 South Archer Avenue

6140 South Archer Avenue has been categorized by the local assessors in Chicago, IL as a unknown type of property. The building on the property was first built in 1968 and is 56 years old. This is a single story building so stairs are not necessary to access other parts of the home. The area measurement of the land has been determined as 3,125 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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, 6140 South Archer Avenue was last sold in Jul 13, 2007 for $278,000. According to our calculations, that's $146.32 per sqft. Prior to that sales transaction, the property was sold for $216,500 in Mar 24, 2004. Current property owners are expected to pay $7,799 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 6140 South Archer Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $37,921. To break that down further, the land itself was valued at $11,133. While improvements to the property were assessed at a total of $26,788. 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. 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.