5540 W Grace St, Chicago, IL 60641 Property Records

Cook County property record for 5540 W Grace St, Chicago, IL 60641

Property Summary

Property Type	Single Family Home
Details	2 bd · 1 ba · 1,014 sqft · built 1924
Lot Size	0.093 acres (4,059 sqft)
Owner	Individual Name on Record
Last Sale	$311,000 (Oct 2024)
Tax Bill	$5,633 (2023)
Deeds & Mortgages	Jul 2026 Mortgage Apr 2020 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`13-21-112-024`

Property Details

APN / Parcel Number

Primary APN	`13-21-112-024`
Alternative APN	`13-21-112-024-0000`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,014 sqft Living Area
1st Floor Area	1,014 sqft

Exterior

Year Built	Built 1924
Effective Year Built	Effective 1926
Architectural Style	Bungalow
Exterior Material	Wood
Construction Type	Frame
Roof Material	Asphalt
Lot Area	4,059 sqft (0.093 acres)
Garage Type	Detached
Parking Spaces	1 Parking Space

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	5540 W GRACE ST
City	CHICAGO
State	IL
Zip	60641-3214
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	RS-2
Legal Description	FRED (BUCKS) SUB IN N3/4 OF WH WH NW SEC 21-40-13
Legal Range	13E
Legal Township	40N
Legal Section	21
Legal Subdivision	BUCKS SUB
Legal Block	1
Legal Lot Number	13
Jurisdiction	COOK IL
Township / Civil Division	CHICAGO
Census Block Group	4
Census Block	4017
Census Tract	150700

Owner

Source: Cook County records, as of July 28, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Individual Name on Record
Mailing Address	6672 W RAVEN ST, CHICAGO, IL 60631-2506
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jul 20, 2026	Deed of Trust, Mortgage · FHA Mortgage HOME LENDING
Apr 29, 2020	Deed of Trust, Mortgage · VA Mortgage QUICKEN LNS
May 1, 2017	Grant Deed, Transfer · VA Mortgage QUICKEN LNS

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 8, 2024 · Amount on Record
Deed Sale	Oct 8, 2024 · Amount on Record
Prior Sale	May 1, 2017 · Amount on Record
Deed Document Number	202430407
Record Updated	Oct 29, 2026

July 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Recording Date	Jul 20, 2026
Property Address	5540 W GRACE ST, CHICAGO, IL 60641-3214
Document Number	0000031598
Instrument Date	Apr 25, 2026
Instrument	202631598
Transaction Type	Mortgage
Record Updated	Jul 28, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5540 W GRACE ST, CHICAGO, IL 60641-3214

Mortgage

Document Number	0000031598,
Date	Jul 20, 2026
Instrument	202631598

Lender

Name	HOME LENDING

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	274 Months
Due	May 1, 2049

Interest

Rate	5.63%
Max Rate	-1%

April 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	5540 W GRACE ST, CHICAGO, IL 60641-3214
Document Number	2014907139
Instrument Date	Apr 29, 2020
Transaction Type	Mortgage
Record Updated	Jun 16, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5540 W GRACE ST CHICAGO IL 606413214, CHICAGO, IL 60641-3214

Mortgage

Document Number	2014907139
Date	May 28, 2020
Instrument	14907139

Lender

Name	QUICKEN LNS
Type	Funding / Finance Company
Address	DETROIT, MI 48226-1906

Agreement

Type	VA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	May 27, 2050

May 2017: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	COOK IL
Recording Date	May 1, 2017
Property Address	5540 W GRACE ST, CHICAGO, IL 60641-3214
Document Number	1712104101
Instrument Date	Apr 24, 2016
Instrument	12104101
Transaction Type	Transfer
Record Updated	May 10, 2017
Title Company	FIRST AMERICAN TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$210.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	7022 N SHERIDAN RD #3J CHICAGO IL 606263039, 3J, CHICAGO, IL 60626-3039

Mortgage

Document Number	1712104102
Date	May 1, 2017
Instrument	12104102

Lender

Name	QUICKEN LNS
Type	Funding / Finance Company
Address	DETROIT, MI 48226-1906

Agreement

Type	VA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Apr 30, 2047

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Illinois
County	Cook County
Municipality	Chicago City
Unified School District	Chicago Public School District 299 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$31,001 (+3.34%) Land $14,207 Building $16,794	$310,010 (+3.34%) Land $142,070 Building $167,940
2023	$5,633.00 (+3%)
2022	$5,469.00 Homeowner's exemption	$29,999 Land $11,365 Building $18,634	$299,990 Land $113,650 Building $186,340

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 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	1 (1997)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Aug 1997 · Severe Storms And Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

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

Wildfire Risk	Not 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 System	CHICAGO serves 2,721,308 people · EPA ID IL0316000
Water Source	Surface water
Last State Inspection	Mar 2026
Lead	6 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	8 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 1,191 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL in parts of the area	5,000 / 5,000
Xfinity Cable	2,000 / 2,000
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

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