5540 Prospect Ln
Lerna, IL 62440
3 bd 2 ba 1,686 sqft Built 1970 Lot 16,553 sqft single_family
No recorded sales
Location
Timeline: Sale, Listing & Tax History
Recorded events
No recorded events
No sale or listing events are on file for this property.
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $38,918 | $8,611 | $47,529 | $2,953 |
| 2024 | $38,918 | $8,611 | $47,529 | $2,866 |
| 2023 | $35,316 | $7,814 | $43,130 | $2,261 |
| 2022 | $31,290 | $6,924 | $38,214 | $2,205 |
| 2021 | $28,189 | $6,238 | $34,427 | $2,147 |
| 2020 | $28,189 | $6,238 | $34,427 | $2,136 |
| 2019 | $28,189 | $6,238 | $34,427 | $2,083 |
| 2018 | $28,189 | $6,238 | $34,427 | $2,053 |
| 2017 | $28,189 | $6,238 | $34,427 | $2,055 |
| 2016 | $28,189 | $6,238 | $34,427 | $2,015 |
| 2015 | $27,636 | $6,116 | $33,752 | $2,167 |
| 2014 | $27,636 | $6,116 | $33,752 | $2,105 |
| 2013 | $27,636 | $6,116 | $33,752 | $2,076 |
| 2012 | $27,636 | $6,116 | $33,752 | $2,037 |
| 2011 | $27,636 | $6,116 | $33,752 | $1,984 |
| 2009 | $27,094 | $5,996 | $33,090 | $1,921 |
| 2008 | $26,178 | $5,793 | $31,971 | $1,897 |
| 2007 | $25,027 | $5,538 | $30,565 | $1,932 |
Property facts
Year built
1970
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,686 sqft
Lot size
16,553 sqft
ZIP code
62440
City
Lerna
Street
Prospect Ln
Coordinates
39.45633, -88.27277
Comparable properties nearby
Frequently asked questions
When did 5540 Prospect Ln last sell?
No public-record sale is on file for 5540 Prospect Ln.
What is the current tax assessment for 5540 Prospect Ln?
The most recent total assessment for 5540 Prospect Ln (year 2025) is $47,529 with $2,953 in property tax.
When was 5540 Prospect Ln built?
5540 Prospect Ln was built in 1970.
How does 5540 Prospect Ln compare to others on Prospect Ln?
We track 1 other property on Prospect Ln. Browse the list under "Other properties on Prospect Ln" to compare beds, baths, and sale history.
What are the property facts for 5540 Prospect Ln?
5540 Prospect Ln is a 3 bed, 2 bath, 1,686 sqft, 16,553 sqft lot single_family.
Is 5540 Prospect Ln a flip candidate?
No — 5540 Prospect Ln does not appear in our flips dataset.
Is 5540 Prospect Ln a tax-appeal candidate?
No — 5540 Prospect Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+29.1%
Implied 1-yr
+116.3%
2025 Q3
$292.5K
2025 Q4
$292.5K
ZIP 62440 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Prospect Ln