Cook County Value

5540 N Wayne Ave, Chicago, IL 60640

4 bed / 3 bath, 1,906 sqft, built 1906, in Lake View. Assessor market value for 2026: $925,160.

Cook County account 14081030260000

Assessor market value
$925,160
Tax year 2026 · before exemptions; the assessed value on your notice is 10% of it
Living area
1,906 sqft
$485 per sqft
Year built
1906
Average quality

Compare this assessment

Start with the county value and property facts, then review appraisal comps, recent sales, and prior-year changes to decide whether the assessment is worth challenging. The comps on this page are free to review; email sign-in is only used to save a printable report.

For nearby context, browse ZIP 60640 and Lake View assessment pages.

Local guide: Lake View Township 2026 Property Tax Appeal Guide.

Appeal deadlines

The 2026 appeal windows for Lake View have closed (Assessor , Board of Review ). 2027 notices usually start in March.

Deadline rule: Set by township: file with the Assessor by your township's last file date, and with the Board of Review while your township is open there. Evidence is reviewed by the Cook County Assessor's Office or, in a separate appeal, by the Cook County Board of Review. Dates checked against the official source.

Assessment snapshot

These public CCAO records highlight what may be worth checking before you file.

  • Assessment changeThe assessor market value decreased 5.0% from $973,760 in 2025 to $925,160 in 2026.
  • Assessor market value per square footThe current public record shows about $485 per square foot before any comparable-property adjustments.
  • Nearby comparison areaThis page starts the equity review with public records for the Lake View neighborhood and ZIP 60640.
  • Neighborhood value signalAmong 338 residential records in the same neighborhood, the average assessor market value is about $439 per square foot.
  • Area year-over-year signalNearby residential records with prior-year values moved about -0.5% on average.

Comparable assessments

Similar public appraisal records selected for this property's equity comparison.

  • 5216 N Magnolia Ave, Chicago, IL 60640
    1,864 sqft | $329/sqft | built 1906 | Similar size (1,864 vs 1,906 sqft); Built same year (1906); Similar lot size (4,120 vs 4,059 sqft)
    $614,020
  • 5251 N Wayne Ave, Chicago, IL 60640
    1,944 sqft | $504/sqft | built 1908 | Similar size (1,944 vs 1,906 sqft); Similar age (1908 vs 1906); Similar lot size (4,059 vs 4,059 sqft)
    $979,260
  • 5312 N Wayne Ave, Chicago, IL 60640
    1,886 sqft | $489/sqft | built 1907 | Similar size (1,886 vs 1,906 sqft); Similar age (1907 vs 1906); Similar lot size (4,182 vs 4,059 sqft)
    $922,290
  • 5226 N Wayne Ave, Chicago, IL 60640
    1,902 sqft | $433/sqft | built 1911 | Similar size (1,902 vs 1,906 sqft); Similar age (1911 vs 1906); Similar lot size (3,813 vs 4,059 sqft)
    $824,460
  • 5453 N Wayne Ave 2, Chicago, IL 60640
    1,894 sqft | $351/sqft | built 1906 | Similar size (1,894 vs 1,906 sqft); Built same year (1906); Lot 11% smaller (3,603 vs 4,059 sqft)
    $665,340

Recent comparable sales

No usable comparable sales are available in this data snapshot.

Public appraisal comparison for 2026. Prepared . Appraisal source: Cook County Assessor's Office. Sales data checked in this snapshot: . Showing the last prepared sales evidence while recent sales are refreshed. Matches consider available size, age, location and property characteristics. How comparisons work.

Value history

Down 5.0% in 2026 from 2025.

Assessor market value by tax year, with the change from the previous year listed
Tax yearAssessor market valueChangeChange %
2026$925,160−$48,600−5.0%
2025$973,760−$86,240−8.1%
2024$1,060,000+$300,700+39.6%
2023$759,300−$76,230−9.1%
2022$835,530−$89,470−9.7%
2021$925,000+$325,170+54.2%
2020$599,830——
6-year total+$325,330+54.2%