5540 W School St, Chicago, IL 60641 Property Records

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

Property Summary

Property Type	Single Family Home
Details	2 bd · 1.5 ba · 1,198 sqft · built 1924
Lot Size	0.086 acres (3,750 sqft)
Owner	Individual Name on File
Last Sale	$285,000 (May 2021)
Tax Bill	$4,350 (2023)
Deeds & Mortgages	May 2021 Sale & Mortgage Oct 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`13-21-319-027`

Property Details

APN / Parcel Number

Primary APN	`13-21-319-027`
Alternative APN	`13-21-319-027-0000`

Interior

Bedrooms	2 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,198 sqft Living Area
1st Floor Area	1,198 sqft

Exterior

Year Built	Built 1924
Effective Year Built	Effective 1926
Architectural Style	Bungalow
Exterior Material	Brick/Stone
Construction Type	Masonry / Concrete Block
Roof Material	Asphalt
Lot Area	3,750 sqft (0.086 acres)
Garage Type	Detached
Parking Spaces	2 Parking Spaces

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	HVAC

Location & Zoning

Street Address	5540 W SCHOOL ST
City	CHICAGO
State	IL
Zip	60641-4124
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	RS-2
Legal Description	(STOLTZNERS) (CENTRAL) AVE SUB OF BLK4 IN SUB-LTS D-F OF PARTN OF WH SW SEC 21-40-13
Legal Range	13E
Legal Township	40N
Legal Section	21
Legal Subdivision	STOLTZNERS CENTRAL
Legal Block	4
Legal Lot Number	D
Jurisdiction	COOK IL
Township / Civil Division	CHICAGO
Census Block Group	3
Census Block	3006
Census Tract	151100

Owner

5540 W School St is owned and occupied by an individual who bought it in May 2021.

Source: Cook County records, as of May 27, 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 File
Mailing Address	5540 W SCHOOL ST, CHICAGO, IL 60641-4124
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
May 18, 2021	Warranty Deed, Transfer · Conventional Mortgage ASSET MUTUAL MORTGAGE INC
Oct 24, 2019	Deed of Trust, Mortgage · Conventional Mortgage OCMBC INC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 18, 2021 · Amount on File
Deed Sale	May 18, 2021 · Amount on File
Prior Sale	Mar 3, 2011 · Amount on File
Deed Document Number	202146258
Prior Transfer Date	Jun 7, 1996
Prior Transfer Doc	0000000717
Record Updated	Oct 29, 2026

May 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	COOK IL
Recording Date	May 18, 2021
Property Address	5540 W SCHOOL ST, CHICAGO, IL 60641-4124
Document Number	0013846258
Instrument Date	May 12, 2021
Instrument	2113846258
Transaction Type	Transfer
Record Updated	Jun 3, 2021
Title Company	FIRST AMERICAN TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$285.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	5540 W SCHOOL ST, 5540, CHICAGO, IL 60641-4124

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5540 W SCHOOL ST, CHICAGO, IL 60641-4124

Mortgage

Document Number	0013846259
Date	May 18, 2021
Instrument	2113846259

Lender

Name	ASSET MUTUAL MORTGAGE INC
Type	Mortgage Company

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Jun 1, 2051

Interest

Rate	3.37%

October 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	5540 W SCHOOL ST, CHICAGO, IL 60641-4124
Document Number	1933815024
Instrument Date	Oct 24, 2019
Transaction Type	Mortgage
Record Updated	Dec 18, 2019
Title Company	OLD REPUBLIC TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5540 W SCHOOL ST CHICAGO IL 606414124, CHICAGO, IL 60641-4124

Mortgage

Document Number	1933815024
Date	Dec 4, 2019
Instrument	33815024

Lender

Name	OCMBC INC
Address	IRVINE, CA 92612

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	180 Months
Due	Dec 3, 2034

Interest

Rate Type	Fixed Rate
Rate	4%

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		$29,000 Land $11,625 Building $17,375	$290,000 Land $116,250 Building $173,750
2023	$4,350.00 (-17.36%)
2022	$5,264.00 Homeowner's exemption	$29,000 Land $9,375 Building $19,625	$290,000 Land $93,750 Building $196,250

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

FEMA maps place 5540 W School St in Zone X, an area of minimal flood risk.

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

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

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

Wildfire

The area around 5540 W School St has no burnable land within ember reach, so its wildfire risk is not rated.

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 1,097 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 / 250
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

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