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7242 W Myrtle Ave; Chicago, IL Property Details

7242 W Myrtle Ave, Chicago, IL is a Single Family that was built in 1961. This property is currently Financed and is not for sale. Our records show that 7242 W Myrtle Ave has 3 bedrooms, and 1 bathroom, and a total of 1,020 square feet. The lot size of 7242 W Myrtle Ave is 3,350 square feet.

Off market
7242 W Myrtle Ave Chicago, IL 60631
$365,000 Listing Price
3 Beds
1 Baths
1,020 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1961
  • Purchase Price: $365,000
  • Open Loans / Balance: 1 / $319,749
  • Est. Equity / %: $122,251 / 27.66%
  • Gross Yield: 9.141%
  • APN: 12-01-213-043-0000
  • Situs County: Cook
  • Length Of Ownership: 4 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 5

Structure

  • Building Style: Masonry
  • Stories: 1
  • Exterior Wall Type: Masonry
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt

Measurements

  • Total: 1,020/SqFt
  • Lot: 3,350/SqFt
  • Gross: 1,020/SqFt
  • Living: 1,020/SqFt
  • Building: 1,020/SqFt
  • Ground: 1,020/SqFt
  • Price Per Square Foot: $357.84

Legal Description

  • Description: (LOWRYS)(SECOND) ADD TO (NORWOOD) PARK IN NE SEC 01-40-12
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: 41.993767 / -87.80853
  • Subdivision: Lowrys Second Add To Norwood
  • Property Class: Residential
  • Zoning: RS-2
  • County Use Code: 2-03

Amenities

  • Plus Four: 1942
  • Cooling: Central
  • Garage: Detached Garage
  • Heating: Yes
  • Parking: 2

Ownership Info

7242 W Myrtle Ave has no associated ownership info
7242 W Myrtle Ave has no associated ownership info.

Taxes

7242 W Myrtle Ave has 10 associated Taxes items

7242 W Myrtle Ave, 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 $34,000. The APN we've located for 7242 W Myrtle Ave is 12-01-213-043-0000.

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Taxes
  • Assessed Value:  $34,000
  • Assessed Year:  2025
  • Assessed County:  Cook
  • APN:  12-01-213-043-0000
  • Assessed Land Value:  8375
  • Market Land Value:  83750
  • Tax Amount:  6541
  • Tax Year:  2023
  • Market Value:  340000
  • Market Year:  2025

Tax History

7242 W Myrtle Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $34,000 Land Value $8,375 Improvement Value $25,625 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $34,000 Land Value $8,375 Improvement Value $25,625 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value Land Value Improvement Value Tax Amount $6,541 Change Rate +0.025851% Assessed CR Tax Rate
Year 2022 Assessed Value $31,848 Land Value $6,700 Improvement Value $25,148 Tax Amount $6,376.17 Change Rate +0.022832% Assessed CR Tax Rate +0.200206%
Year 2021 Assessed Value $31,000 Land Value $6,700 Improvement Value $24,300 Tax Amount $6,233.84 Change Rate +0.181641% Assessed CR Tax Rate +0.201092%
Year 2020 Assessed Value $26,784 Land Value $4,187 Improvement Value $22,597 Tax Amount $5,275.58 Change Rate +0.009781% Assessed CR Tax Rate +0.196968%
Year 2019 Assessed Value $29,433 Land Value $4,187 Improvement Value $25,246 Tax Amount $5,224.48 Change Rate -0.101403% Assessed CR Tax Rate +0.177504%
Year 2018 Assessed Value $29,433 Land Value $4,187 Improvement Value $25,246 Tax Amount $5,814.04 Change Rate +0.151491% Assessed CR Tax Rate +0.197535%
Year 2017 Assessed Value $23,455 Land Value $3,685 Improvement Value $19,770 Tax Amount $5,049.14 Change Rate +0.074795% Assessed CR Tax Rate +0.215269%
Year 2016 Assessed Value $23,455 Land Value $3,685 Improvement Value $19,770 Tax Amount $4,697.77 Change Rate +0.038337% Assessed CR Tax Rate +0.200289%
Year 2015 Assessed Value $24,690 Land Value $3,685 Improvement Value $21,005 Tax Amount $4,524.32 Change Rate +0.080548% Assessed CR Tax Rate +0.183245%
Year 2014 Assessed Value $22,567 Land Value $3,350 Improvement Value $19,217 Tax Amount $4,187.06 Change Rate +0.020142% Assessed CR Tax Rate +0.185539%
Year 2013 Assessed Value $22,567 Land Value $3,350 Improvement Value $19,217 Tax Amount $4,104.39 Change Rate Assessed CR Tax Rate +0.181876%