4040 S Prairie Ave, Chicago, IL 60653 Property Records

Cook County property record for 4040 S Prairie Ave, Chicago, IL 60653

Property Summary

Property TypeApartments (5+ Units)
Details24 bd · 11,020 sqft · built 2007
Lot Size0.147 acres (6,400 sqft)
OwnerCompany Name on Record
Last Sale$1,075,000 (Dec 2020)
Tax Bill$20,386 (2024)
Deeds & MortgagesDec 2020 Sale & Line of Credit
Jul 2018 Loan Modification
Flood ZoneZone X (minimal risk)
APN20-03-109-034

Property Details

APN / Parcel Number

Primary APN20-03-109-034
Alternative APN
  • 20-03-109-034-0000

Interior

Bedrooms24 Beds
Units16 Units
Building Area11,020 sqft Living Area

Exterior

Year BuiltBuilt 2007
Effective Year BuiltEffective 2007
Lot Area6,400 sqft (0.147 acres)

Location & Zoning

Street Address4040 S PRAIRIE AVE
CityCHICAGO
StateIL
Zip60653-2376
Property CategoryResidential
Property TypeResidential > Multi-Unit > Apartments (5+ Units)
Local Zoning CodeRM-5
Legal Description(LOCKWOODS) SUB OF SH OF WH NE NW SEC 03-38-14
Legal Range14E
Legal Township38N
Legal Section03
Legal SubdivisionLOCKWOODS SUB
Legal Block2
Legal Lot Number16,17
JurisdictionCOOK IL
Township / Civil DivisionCHICAGO
Census Block Group1
Census Block1004
Census Tract380600

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic DistrictWithin the Chicago Park Boulevard System Historic District
listed 2018 · 3,052 contributing resources · NRIS 12000040

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Cook County records, as of August 25, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address1322 S INDIANA AVE, CHICAGO, IL 60605-2604
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Dec 21, 2020Grant Deed, Transfer · Line of Credit
LAKESIDE BK
Jul 31, 2018Loan Modification, Mortgage
HEARTLAND BK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleDec 21, 2020 · Amount on Record
Deed SaleDec 21, 2020 · Amount on Record
Prior SaleJun 7, 2006 · Amount on Record
Deed Document Number20206112
Prior Transfer DateJul 9, 2012
Prior Transfer Doc0000012096
Record UpdatedOct 29, 2026

December 2020: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionCOOK IL
Recording DateDec 21, 2020
Property Address4040 S PRAIRIE AVE, CHICAGO, IL 60653-2376
Document Number2035606112
Instrument DateNov 6, 2020
Instrument35606112
Transaction TypeTransfer
Record UpdatedJan 7, 2021
Title CompanyFIRST AMERICAN TITLE

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$1,075.00
Additional
  • Lis Pendens
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address1322 S INDIANA AVE CHICAGO IL 606052604, CHICAGO, IL 60605-2604

Mortgage

Document Number2035606113
DateDec 21, 2020
Instrument35606113
Lender
NameLAKESIDE BK
TypeBank
AddressCHICAGO, IL 60608
Agreement
TypeLine of Credit
AmountAmount Recorded
Term60 Months
DueDec 20, 2025
Interest
Rate TypeAdjustable Rate

July 2018: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionCOOK IL
Property Address4040 S PRAIRIE AVE, CHICAGO, IL 60653-2376
Document Number1830544016
Instrument DateJul 31, 2018
Transaction TypeMortgage
Record UpdatedNov 8, 2018

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address4040 S PRAIRIE AVE CHICAGO IL 606532376, CHICAGO, IL 60653-2376

Mortgage

Document Number1830544016
DateNov 1, 2018
Instrument30544016
Lender
NameHEARTLAND BK
TypeBank
AddressWESTERN SPRINGS, IL 60558
Agreement
AmountAmount Recorded
Term60 Months
DueOct 31, 2023

Tax Assessment & Valuation

Source: Cook County assessment roll, as of May 27, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyCook County
MunicipalityChicago City
Unified School DistrictChicago Public School District 299 (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$101,100 (+35.59%) Land $22,400 Building $78,700$1,011,000 (+35.59%) Land $224,000 Building $787,000
2024$20,386.00 (+29.16%)
2023$15,784.00 (+2.6%)
2022$15,384.00$74,565 Land $3,520 Building $71,045$745,650 Land $35,200 Building $710,450

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective February 11, 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCHICAGO
serves 2,721,308 people · EPA ID IL0316000
Water SourceSurface water
Last State InspectionMar 2026
Lead6 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting8
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 331 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
Astound Broadband
Cable
1,500 / 50
Verizon
Fixed Wireless
1,000 / 75
T-Mobile
Fixed Wireless
100 / 20
AT&T
Fixed Wireless · Fiber, DSL in parts of the area
100 / 20

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