2241 Farwell Ave
Chicago, IL 60645
1 bd 1 ba 700 sqft Built 1959 condos
Most recent sale
$102,000
May 31, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 28, 2025 | Listed for rent | $1,400 | MRED |
| May 28, 2024 | Listing removed | $1,350 | MRED |
| May 3, 2024 | Listed for rent | $1,350 | MRED |
| May 31, 2022 | Sold | $102,000 | Public Record |
| May 31, 2022 | Listing removed | $1,200 | MRED |
| May 26, 2022 | Sold | $102,000 | MLS #11372150 |
| May 23, 2022 | Listed for rent | $1,200 | MRED |
| Apr 11, 2022 | Listed | $105,900 | MLS #11372150 |
| Mar 29, 2022 | Listing removed | $105,000 | MRED |
| Sep 4, 2019 | Listing removed | $1,100 | MRED |
| Aug 29, 2019 | Listed for rent | $1,100 | MRED |
| Mar 29, 2019 | Listing removed | $1,095 | MRED |
| Mar 11, 2019 | Price changed for rent | $1,095 | MRED |
| Mar 1, 2019 | Price changed for rent | $1,125 | MRED |
| Jan 24, 2019 | Listed for rent | $1,150 | MRED |
| Jan 23, 2017 | Listing removed | $1,025 | MRED |
| Jan 12, 2017 | Listed for rent | $1,025 | MRED |
| Apr 4, 2014 | Listing removed | $925 | MRED |
| Mar 12, 2014 | Listed for rent | $925 | MRED |
| Sep 5, 2013 | Listing removed | $900 | MRED |
| Aug 30, 2013 | Listed for rent | $900 | MRED |
| Aug 15, 2012 | Sold | $33,000 | Public Record |
| Jun 22, 2010 | Listing removed | $58,000 | MRED |
| Jun 21, 2010 | Price changed | $58,000 | MLS #07332148 |
| Apr 4, 2010 | Price changed | $59,900 | MLS #07332148 |
| Mar 15, 2010 | Price changed | $69,900 | MLS #07332148 |
| Sep 29, 2009 | Price changed | $99,900 | MLS #07332148 |
| Sep 23, 2009 | Listed | $144,900 | MLS #07332148 |
| Jun 14, 2006 | Sold | $143,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $6,720 | $1,776 | $8,496 | $1,792 |
| 2022 | $6,720 | $1,776 | $8,496 | $1,043 |
| 2021 | $7,540 | $1,776 | $9,316 | $1,203 |
| 2020 | $3,111 | $1,678 | $4,789 | $375 |
| 2019 | $3,634 | $1,678 | $5,312 | $378 |
| 2018 | $3,634 | $1,678 | $5,312 | $371 |
| 2017 | $1,562 | $1,481 | $3,043 | $60 |
| 2016 | $1,562 | $1,481 | $3,043 | $109 |
| 2015 | $1,847 | $1,481 | $3,328 | $129 |
| 2014 | $2,020 | $1,333 | $3,353 | $293 |
| 2013 | $3,146 | $1,333 | $4,479 | $336 |
| 2012 | $4,266 | $1,333 | $5,599 | $557 |
| 2011 | $10,826 | $1,777 | $12,603 | $1,715 |
| 2010 | $10,826 | $1,777 | $12,603 | $1,666 |
| 2009 | $10,826 | $1,777 | $12,603 | $1,461 |
| 2008 | $10,655 | $1,245 | $11,900 | $1,421 |
| 2007 | $10,655 | $1,245 | $11,900 | $1,690 |
| 2006 | $10,655 | $1,245 | $11,900 | $1,708 |
Property facts
Year built
1959
Property type
condos
Stories
3
Beds
1
Baths
1
Living area
700 sqft
Lot size
—
ZIP code
60645
City
Chicago
Street
Farwell Ave
Coordinates
42.00597, -87.68733
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$612
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 2241 Farwell Ave last sell?
2241 Farwell Ave most recently sold on May 31, 2022 for $102,000.
What is the current tax assessment for 2241 Farwell Ave?
The most recent total assessment for 2241 Farwell Ave (year 2023) is $8,496 with $1,792 in property tax.
How does 2241 Farwell Ave's assessment compare to its last sale price?
The current assessment is 91.7% below the last sale price of $102,000.
When was 2241 Farwell Ave built?
2241 Farwell Ave was built in 1959.
How does 2241 Farwell Ave compare to others on Farwell Ave?
We track 8 other properties on Farwell Ave. Browse the list under "Other properties on Farwell Ave" to compare beds, baths, and sale history.
What are the property facts for 2241 Farwell Ave?
2241 Farwell Ave is a 1 bed, 1 bath, 700 sqft condos.
Is 2241 Farwell Ave a flip candidate?
No — 2241 Farwell Ave does not appear in our flips dataset.
Is 2241 Farwell Ave a tax-appeal candidate?
No — 2241 Farwell Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.0%
Implied 1-yr
+3.9%
2026 Q3
$373.9K
2026 Q4
$377.4K
ZIP 60645 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Farwell Ave