8701 South Houston Avenue

Local assessors in Chicago, IL have categorized 8701 South Houston Avenue as a commercial type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 6,127 square feet.

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, 8701 South Houston Avenue sold most recently in Feb 11, 2019 for a total of $195,000. Before that, the property was also sold for $450,000 in Aug 17, 2018. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,904 in taxes each year. 8701 South Houston Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $9,613. If we break it down further, the land itself was valued at $8,425. Improvements to the property, however, were assessed at a total of $1,188. 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. 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!