Taxes
- Assessed Value: $562,560
- Assessed Year: 2025
- Assessed County: Shelby
- APN: 01-2007-0-0006
- Assessed Land Value: 13360
- Market Land Value: 33400
- Tax Amount: 15132.86
- Tax Year: 2025
- Market Value: 1406400
- Market Year: 2025
340 W Illinois Ave; Memphis, TN Property Details
Off market
340 W Illinois Ave Memphis, TN 38106
$562,560 Estimated Value
16,920 SqFt
Property Type
HotelProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 1962
- Purchase Price: $4,000,000
- Open Loans / Balance: 2 / $3,678,549
- APN: 01-2007-0-0006
- Situs County: Shelby
- Length Of Ownership: 3 years, 9 months
Structure
- Building Style: Frame
- Stories: 5
- Exterior Wall Type: Brick veneer
- Building Condition: Poor
- Building Quality: E
Measurements
- Total: 16,920/SqFt
- Lot: 32,975/SqFt
- Gross: 16,920/SqFt
- Living: 16,920/SqFt
- Building: 16,920/SqFt
- Ground: 7,920/SqFt
- Price Per Square Foot: $236.41
Legal Description
- Description: LT & PT ALLEY WS METAL MUSEUM DR COR ILLINOIS (NW)
Building Insights
Land Information
- Property Type: Hotel
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Shelby County School District
- Lat / Lon: 35.12411 / -90.073166
- Subdivision: Ft Pickering
- Property Class: Commercial
- Zoning: CMU-3
- County Use Code: 020
Amenities
- Heating Fuel Type: Gas
- Plus Four: 1566
- Cooling: Central
- Heating: Yes
Ownership Info
340 W Illinois Ave has no associated ownership info
340 W Illinois Ave has no associated ownership info.
Taxes
340 W Illinois Ave has 10 associated Taxes items
340 W Illinois Ave, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $562,560. The APN we've located for 340 W Illinois Ave is 01-2007-0-0006.
Unlock the full reportTax History
340 W Illinois Ave has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $562,560 | Land Value $13,360 | Improvement Value $549,200 | Tax Amount $15,132.86 | Change Rate +0.161283% | Assessed CR | Tax Rate +0.0269% |
| Year 2024 | Assessed Value | Land Value | Improvement Value | Tax Amount $13,031.16 | Change Rate | Assessed CR | Tax Rate |
| Year 2023 | Assessed Value $384,400 | Land Value $8,040 | Improvement Value $376,360 | Tax Amount $13,031.16 | Change Rate -0.4435% | Assessed CR | Tax Rate +0.0339% |
| Year 2022 | Assessed Value $384,400 | Land Value $8,040 | Improvement Value $376,360 | Tax Amount $23,416.27 | Change Rate -0.103661% | Assessed CR | Tax Rate +0.060916% |
| Year 2021 | Assessed Value $384,400 | Land Value $8,040 | Improvement Value $376,360 | Tax Amount $26,124.36 | Change Rate -0.078233% | Assessed CR | Tax Rate +0.067961% |
| Year 2020 | Assessed Value $359,760 | Land Value $8,040 | Improvement Value $351,720 | Tax Amount $28,341.6 | Change Rate +1.058015% | Assessed CR | Tax Rate +0.078779% |
| Year 2019 | Assessed Value $359,760 | Land Value $8,040 | Improvement Value $351,720 | Tax Amount $13,771.33 | Change Rate +0.000001% | Assessed CR | Tax Rate +0.038279% |
| Year 2018 | Assessed Value $359,760 | Land Value $8,040 | Improvement Value $351,720 | Tax Amount $13,771.32 | Change Rate -0.019341% | Assessed CR | Tax Rate +0.038279% |
| Year 2017 | Assessed Value $359,760 | Land Value $8,040 | Improvement Value $351,720 | Tax Amount $14,042.92 | Change Rate +0.022722% | Assessed CR | Tax Rate +0.039034% |
| Year 2016 | Assessed Value $340,640 | Land Value | Improvement Value | Tax Amount $13,730.92 | Change Rate -0.077593% | Assessed CR | Tax Rate +0.040309% |
| Year 2014 | Assessed Value $340,640 | Land Value | Improvement Value | Tax Amount $14,885.97 | Change Rate +0.077528% | Assessed CR | Tax Rate +0.0437% |
| Year 2011 | Assessed Value | Land Value | Improvement Value | Tax Amount $13,814.93 | Change Rate | Assessed CR | Tax Rate |