NOT LISTED FOR SALE

5540 S Merrimac Ave Chicago, IL 60638

Garfield Ridge Neighborhood

Estimated Value: $338,000 - $375,000

3 Beds
2 Baths
1,227 Sq Ft
$294/Sq Ft Est. Value

About This Home

This home is located at 5540 S Merrimac Ave, Chicago, IL 60638 and is currently estimated at $360,821, approximately $294 per square foot. 5540 S Merrimac Ave is a home located in Cook County with nearby schools including Kinzie Elementary School, Kennedy High School, and St Daniel The Prophet School.

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $534 $31,000 $10,500 $20,500
2023 $537 $26,000 $9,375 $16,625
2022 $537 $26,000 $9,375 $16,625
2021 $508 $26,000 $9,375 $16,625
2020 $528 $24,089 $7,500 $16,589
2019 $526 $26,766 $7,500 $19,266
2018 $519 $26,766 $7,500 $19,266
2017 $555 $23,229 $6,750 $16,479
2016 $978 $23,229 $6,750 $16,479
2015 $940 $23,229 $6,750 $16,479
2014 $933 $20,763 $6,375 $14,388
2013 $936 $20,763 $6,375 $14,388
Source: Public Records

Map

Illinois Cook County Chicago 60638 Garfield Ridge

5540 S Merrimac Ave, Chicago, IL

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