NOT LISTED FOR SALE

7040 S Western Ave Chicago, IL 60636

Marquette Park Neighborhood

Estimated Value: $347,629

-- Bed
-- Bath
-- Sq Ft
5,445 Sq Ft Lot

About This Home

This home is located at 7040 S Western Ave, Chicago, IL 60636 and is currently estimated at $347,629. 7040 S Western Ave is a home located in Cook County with nearby schools including McKay Elementary School, Gage Park High School, and Catalyst Maria Charter School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2014
Sold by
958 West 70Th Street Building Llc
Bought by
Jeff Bv Commercial Llc
Current Estimated Value
$347,629

Purchase Details

Closed on
Jun 10, 2004
Sold by
Cho Lee Tae Myung and Cho Lee Jennifer
Bought by
958 West 79Th Street Building Llc

Purchase Details

Closed on
Feb 13, 2001
Sold by
Cole Taylor Bank
Bought by
Cho Lee Tae Myung and Cho Lee Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.75%
Mortgage Type
Commercial
Source: Public Records

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jeff Bv Commercial Llc -- None Available
958 West 79Th Street Building Llc $240,000 Ticor
Cho Lee Tae Myung $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cho Lee Tae Myung $150,000
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 $5,878 $43,407 $20,438 $22,969
2023 $5,730 $27,858 $19,416 $8,442
2022 $5,730 $27,858 $19,416 $8,442
2021 $5,602 $27,857 $19,415 $8,442
2020 $7,129 $32,000 $19,415 $12,585
2019 $8,137 $40,500 $19,415 $21,085
2018 $8,000 $40,500 $19,415 $21,085
2017 $9,209 $40,500 $17,712 $22,788
2016 $8,553 $40,500 $17,712 $22,788
2015 $7,842 $40,500 $17,712 $22,788
2014 $8,617 $43,867 $17,712 $26,155
2013 $8,457 $43,867 $17,712 $26,155
Source: Public Records

Map

Illinois Cook County Chicago 60629 Marquette Park

7040 S Western Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes