7341 North Hoyne Avenue

Local assessors in Chicago, IL have categorized 7341 North Hoyne Avenue as a residential type of property. The home was built in 1927 and is 97 years old. The property's lot size has been calculated to be 7,200 square feet. The linear feet between the front and back of the lot was measured at 1,450 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. This is a 3 story home so residents will need to have climb at least one set of 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, 7341 North Hoyne Avenue sold most recently in Jun 28, 2017 for a total of $1,730,000. Before that, the property was also sold for $1,450,000 in Dec 23, 2014. 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 $24,089 in taxes each year. 7341 North Hoyne Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $117,117. If we break it down further, the land itself was valued at $10,620. Improvements to the property, however, were assessed at a total of $106,497. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.