Large Location Icon

1240 W School St; Chicago, IL Property Details

1240 W School St, Chicago, IL is a Single Family that was built in 1896. This property is currently Financed and is not for sale. Our records show that 1240 W School St has 2 bedrooms, and 1 bathroom, and a total of 1,584 square feet. The lot size of 1240 W School St is 3,175 square feet.

For Rent
1240 W School St Chicago, IL 60657
$88,159 Estimated Value
2 Beds
1 Baths
1,584 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1896
  • Purchase Price: $269,000
  • Open Loans / Balance: 1 / $147,503
  • Est. Equity / %: $913,497 / 86.1%
  • Gross Yield: 8.999%
  • APN: 14-20-323-019-0000
  • Situs County: Cook
  • Length Of Ownership: 27 years, 3 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 5

Structure

  • Building Style: Frame
  • Stories: 1.5
  • Exterior Wall Type: Wood
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt

Measurements

  • Total: 1,584/SqFt
  • Lot: 3,175/SqFt
  • Gross: 1,584/SqFt
  • Living: 1,584/SqFt
  • Building: 1,584/SqFt
  • Price Per Square Foot: $169.82

Legal Description

  • Description: WM J (GOUDYS) SUB SEC 20-40-14
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chicago Public School District 299
  • Lat / Lon: 41.941895 / -87.660675
  • Subdivision: Goudys Sub
  • Property Class: Residential
  • Zoning: RT-3.5
  • County Use Code: 2-03

Amenities

  • Plus Four: 1426
  • Cooling: Central
  • Garage: None
  • Heating: Hot Water

Ownership Info

1240 W School St has no associated ownership info
1240 W School St has no associated ownership info.

Taxes

1240 W School St has 10 associated Taxes items

1240 W School St, Chicago, IL pays taxes in Cook County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $88,159. The APN we've located for 1240 W School St is 14-20-323-019-0000.

Unlock the full report
Taxes
  • Assessed Value:  $88,159
  • Assessed Year:  2025
  • Assessed County:  Cook
  • APN:  14-20-323-019-0000
  • Assessed Land Value:  46498
  • Market Land Value:  464980
  • Tax Amount:  16768
  • Tax Year:  2023
  • Market Value:  881590
  • Market Year:  2025

Tax History

1240 W School St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $88,159 Land Value $46,498 Improvement Value $41,661 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $91,295 Land Value $46,498 Improvement Value $44,797 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value Land Value Improvement Value Tax Amount $16,768 Change Rate -0.015871% Assessed CR Tax Rate
Year 2022 Assessed Value $86,259 Land Value $47,625 Improvement Value $38,634 Tax Amount $17,038.42 Change Rate +0.021721% Assessed CR Tax Rate +0.197526%
Year 2021 Assessed Value $86,259 Land Value $47,625 Improvement Value $38,634 Tax Amount $16,676.2 Change Rate +0.14846% Assessed CR Tax Rate +0.193327%
Year 2020 Assessed Value $68,284 Land Value $20,320 Improvement Value $47,964 Tax Amount $14,520.49 Change Rate -0.04653% Assessed CR Tax Rate +0.212648%
Year 2019 Assessed Value $79,229 Land Value $20,320 Improvement Value $58,909 Tax Amount $15,229.1 Change Rate +0.017184% Assessed CR Tax Rate +0.192216%
Year 2018 Assessed Value $79,229 Land Value $20,320 Improvement Value $58,909 Tax Amount $14,971.82 Change Rate +0.116559% Assessed CR Tax Rate +0.188969%
Year 2017 Assessed Value $65,664 Land Value $17,780 Improvement Value $47,884 Tax Amount $13,408.89 Change Rate +0.059859% Assessed CR Tax Rate +0.204205%
Year 2016 Assessed Value $65,664 Land Value $17,780 Improvement Value $47,884 Tax Amount $12,651.58 Change Rate +0.095191% Assessed CR Tax Rate +0.192671%
Year 2015 Assessed Value $65,664 Land Value $17,780 Improvement Value $47,884 Tax Amount $11,551.94 Change Rate +0.119244% Assessed CR Tax Rate +0.175925%
Year 2014 Assessed Value $58,197 Land Value $14,605 Improvement Value $43,592 Tax Amount $10,321.2 Change Rate +0.021264% Assessed CR Tax Rate +0.177349%
Year 2013 Assessed Value $58,197 Land Value $14,605 Improvement Value $43,592 Tax Amount $10,106.3 Change Rate Assessed CR Tax Rate +0.173657%