7801 South Phillips Avenue

Local assessors in Chicago, IL have categorized 7801 South Phillips Avenue as a unknown type of property. The home was built in 1926 and is 98 years old. The property's lot size has been calculated to be 7,965 square feet. The linear feet between the front and back of the lot was measured at 1,240 ft and the front of the lot was measured at 640 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. 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, 7801 South Phillips Avenue sold most recently in Nov 1, 1993 for a total of $210,000. 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 $17,484 in taxes each year. 7801 South Phillips Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $85,006. If we break it down further, the land itself was valued at $7,169. Improvements to the property, however, were assessed at a total of $77,837. 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.