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5040 Madison Street

5040 Madison Street, Hillside, IL 60162
House in Proviso
Sold Jun 11, 2019
$205,000
Sold Apr 19, 2012
$53,500
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Local assessors in Hillside, IL have categorized 5040 Madison Street as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 3,125 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5040 Madison Street has a total of 1,375 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of tar and gravel. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5040 Madison Street sold most recently in Jun 5, 2019 for a total of $205,000. If you work out the math, that's approximately a cost of $149.09 per sqft. Before that, the property was also sold for $53,500 in Mar 22, 2012. 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 $2,577 in taxes each year. 5040 Madison Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $6,703. If we break it down further, the land itself was valued at $1,484. Improvements to the property, however, were assessed at a total of $5,219. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 1,375
  • Gross Building Area: 1,375
  • Building Area: 1,375
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,375
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VENDLEY & COS THIRD ADD TO HILLSIDE
  • Land Acres: 0.072
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (VENDLEY) & COS (THIRD) ADD TO (HILLSIDE) ACS SUB OF PT OF E50ACS OF WH SE SEC7 & PT OF E.7ACS OF NE OF SEC18 LYING S OF RW O

Ownership

  • Current Owner : PEREZ DIANA
  • Current Owner 2: DIAZ MICHAEL JOHN
  • Previous Owner : REDITUS LLC
  • Owner Before Previous Owner: DEUTSCHE BANK NATIONAL TRUST COMPANY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Proviso Township High School District 209
  • Census Tract: 818300

Geography

  • District: 31
  • Parcel: 15-07-414-020-0000
  • Block: 5
  • Lot: 19,20
  • Meridian: SEC 18 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.8771
  • Longitude: -87.9092

    Address

  • Full Address: 5040 Madison St
  • Address - House Number: 5040
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hillside
  • Carrier Code: C028
  • 4-Digit Zip Code: 1421
  • Zip Code: 60162

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,577
  • Tax Rate Code Area: 31030

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 188,959
  • High Value: 231,217
  • Low Value: 146,701

    Market Valuation

  • Market Total Value: $67,030
  • Market Land Value: $14,840
  • Market Improvement Value: $52,190

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,703
  • Assessed Land Value: $1,484
  • Assessed Improvements Value: $5,219

    Sales

  • Current Sale Contract Date: Jun 05, 2019
  • Current Sale Recording Date: Jun 11, 2019
  • Current Sale Transaction ID: 11612517963
  • Current Sale Price: $205,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1916233113
  • Previous Sale Recording Date: Apr 19, 2012
  • Previous Sale Contract Date: Mar 22, 2012
  • Previous Sale Amount: $53,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Jun 11, 2019
  • First Mortgage Loan Amount: $194,655
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Hillside



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Frequently Asked Questions

What neighborhood is 5040 Madison Street located in?
The 5040 Madison Street is a house located in the neighborhood of Proviso in Hillside, Hillside.
What is the average sales price for listings in 5040 Madison Street?
The average sales price for units in 5040 Madison Street is $0 currently.

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