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Industrial (General)Industrial

551 W LEXINGTON ST

CHICAGO, IL 60607
0
Baths
2,500 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
2,725 ft²
Lot SizeThe size of the land the home sits on, from county records.
1988
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$17,546 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$46,750 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$27,250
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$19,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$83,160
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$187,000

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.38
10
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
71
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
69
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
40
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.6 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Industrial (General)
CountyCook
Lot (acres)The size of the land the home sits on, from county records.0.06
HeatingThe type of heating system in the home.None

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
J. Smyth Elementary SchoolD
Elementary · Grades KG–8 · 0.8 mi
H
Wells Community Academy High SchoolF
High · Grades 9–12 · 2.3 mi

District: Chicago Public School District 299

Neighborhood · ZIP 60607These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.136
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.110
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.46

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.43%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.9%
PopulationHow many people live in this area.31,589
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.14,213 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$122,924
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$150,715
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

551 W Lexington St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Bigger than 83% of homes in Cook County
  • Has a smaller lot than 95% of homes in Cook County
  • Newer than 82% of homes in Cook County

How it measures up in Chicago 60607

The dot is this home. The mark in the middle is the typical home in Chicago 60607.

Living area2,500 ft²
SmallerTypical 1,680 ft²Bigger

Bigger than 73% of homes nearby

Lot size2,725 ft²
SmallerTypical 0.51 acBigger

Bigger than 16% of homes nearby

Year built1988
OlderTypical 1999Newer

Newer than 36% of homes nearby

How 551 W Lexington St ranks against every home in each area.
MeasureThis homeSouth Loop / Near South SideChicago 60607Cook County
Living areabigger than2,500 ft²71% of homes73% of homes83% of homes
Lot sizebigger than2,725 ft²11% of homes16% of homes5% of homes
Year builtnewer than198829% of homes36% of homes82% of homes

About 551 W Lexington St

How big is 551 W Lexington St, Chicago, IL?

551 W Lexington St, Chicago, IL has 2,500 square feet of living space and a 0.06-acre lot.

When was 551 W Lexington St, Chicago, IL built?

551 W Lexington St, Chicago, IL was built in 1988, making it 38 years old. The building has 1 story.

What schools serve 551 W Lexington St, Chicago, IL?

551 W Lexington St, Chicago, IL is assigned to J. Smyth Elementary School (elementary), rated D; Wells Community Academy High School (high), rated F. All sit in Chicago Public School District 299. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 551 W Lexington St, Chicago, IL compare to other homes in Chicago 60607?

Among the 11,009 homes in Chicago 60607, it is bigger than 73% of them (2,500 ft² against a typical 1,680 ft²), its lot is bigger than 16% of them (2,725 ft² against a typical 0.51 ac) and it is newer than 36% of them (1988 against a typical 1999). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 551 W Lexington St, Chicago, IL?

The 2023 property tax bill for 551 W Lexington St, Chicago, IL was $17,546. The county assessed it at $46,750.

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