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240 Illinois St

Chicago, IL 60611

1 bd 2 ba 1,025 sqft Built 2009 condos
Most recent sale
$500,000
Aug 24, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 24, 2022 Sold $500,000 MLS #11303567
Apr 9, 2022 Price changed $474,900 MLS #11303567
Mar 29, 2022 Listing removed $3,000 MRED
Jan 13, 2022 Listed $515,000 MLS #11303567
Apr 4, 2019 Listing removed $2,900 MRED
Apr 3, 2019 Listing removed $2,900 MRED
Apr 2, 2019 Listing removed $3,000 MRED
Mar 25, 2019 Listed for rent $2,900 MRED
Jan 25, 2018 Listing removed $2,600 MRED
Dec 21, 2017 Listed for rent $2,800 MRED
Dec 21, 2017 Listing removed $2,900 MRED
Nov 28, 2017 Price changed for rent $2,900 MRED
Nov 14, 2017 Listed for rent $3,375 MRED
Feb 13, 2014 Listing removed $3,200 MRED
Feb 7, 2014 Listed for rent $3,000 MRED
Apr 30, 2010 Listing removed $509,900 MRED
Sep 10, 2009 Listed $509,900 MLS #07316883
Jul 1, 2008 Sold $508,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2023 $39,038 $6,102 $45,140 $9,524
2022 $39,038 $6,102 $45,140 $9,284
2021 $39,038 $6,102 $45,140 $9,077
2020 $40,423 $4,707 $45,130 $10,053
2019 $44,289 $4,707 $48,996 $9,844
2018 $44,289 $4,707 $48,996 $9,678
2017 $40,312 $1,905 $42,217 $9,088
2016 $40,312 $1,905 $42,217 $8,456
2015 $40,312 $1,905 $42,217 $7,736
2014 $31,388 $1,482 $32,870 $6,099
2013 $31,388 $1,482 $32,870 $5,978
2012 $28,171 $4,699 $32,870 $5,898
2011 $38,466 $5,221 $43,687 $7,079
2010 $38,466 $5,221 $43,687 $7,109
2009 $39,337 $5,221 $44,558 $6,948

Property facts

Year built
2009
Property type
condos
Stories
31
Beds
1
Baths
2
Living area
1,025 sqft
Lot size
ZIP code
60611
City
Chicago
Street
Illinois St
Coordinates
41.89116, -87.62130

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,845
Gross rental yield
4.43%
Implied cap rate
2.88%
Trend-extrapolated value

Frequently asked questions

When did 240 Illinois St last sell?
240 Illinois St most recently sold on Aug 24, 2022 for $500,000.
What is the current tax assessment for 240 Illinois St?
The most recent total assessment for 240 Illinois St (year 2023) is $45,140 with $9,524 in property tax.
How does 240 Illinois St's assessment compare to its last sale price?
The current assessment is 91.0% below the last sale price of $500,000.
When was 240 Illinois St built?
240 Illinois St was built in 2009.
How does 240 Illinois St compare to others on Illinois St?
We track 8 other properties on Illinois St. Browse the list under "Other properties on Illinois St" to compare beds, baths, and sale history.
What are the property facts for 240 Illinois St?
240 Illinois St is a 1 bed, 2 bath, 1,025 sqft condos.
Is 240 Illinois St a flip candidate?
No — 240 Illinois St does not appear in our flips dataset.
Is 240 Illinois St a tax-appeal candidate?
No — 240 Illinois St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+2.2%
Implied 1-yr
+8.7%
2026 Q3
$997.9K
2026 Q4
$1.02M
ZIP 60611 — Median Price History + Forecast

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