Cook County Value

5550 N Wayne Ave, Chicago, IL 60640

4 bed / 2 bath, 2,222 sqft, built 1909, in Lake View. Assessor market value for 2026: $1,099,580.

Cook County account 14081030230000

Assessor market value
$1,099,580
Tax year 2026 · before exemptions; the assessed value on your notice is 10% of it
Living area
2,222 sqft
$495 per sqft
Year built
1909
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 10.6% from $1,230,000 in 2025 to $1,099,580 in 2026.
  • Assessor market value per square footThe current public record shows about $495 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.

  • 5548 N Wayne Ave, Chicago, IL 60640
    2,184 sqft | $483/sqft | built 1908 | Similar size (2,184 vs 2,222 sqft); Similar age (1908 vs 1909); Similar lot size (4,059 vs 4,059 sqft)
    $1,054,480
  • 5310 N Wayne Ave, Chicago, IL 60640
    2,250 sqft | $504/sqft | built 1905 | Similar size (2,250 vs 2,222 sqft); Similar age (1905 vs 1909); Similar lot size (4,059 vs 4,059 sqft)
    $1,134,670
  • 5336 N Wayne Ave, Chicago, IL 60640
    2,229 sqft | $476/sqft | built 1906 | Similar size (2,229 vs 2,222 sqft); Similar age (1906 vs 1909); Similar lot size (4,305 vs 4,059 sqft)
    $1,060,730
  • 5323 N Wayne Ave, Chicago, IL 60640
    2,154 sqft | $461/sqft | built 1910 | Similar size (2,154 vs 2,222 sqft); Similar age (1910 vs 1909); Similar lot size (4,059 vs 4,059 sqft)
    $992,340
  • 5509 N Lakewood Ave, Chicago, IL 60640
    2,256 sqft | $483/sqft | built 1908 | Similar size (2,256 vs 2,222 sqft); Similar age (1908 vs 1909); Similar lot size (3,813 vs 4,059 sqft)
    $1,088,900

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: . Matches consider available size, age, location and property characteristics. How comparisons work.

Value history

Down 10.6% in 2026 from 2025.

Assessor market value by tax year, with the change from the previous year listed
Tax yearAssessor market valueChangeChange %
2026$1,099,580−$130,420−10.6%
2025$1,230,000$00.0%
2024$1,230,000+$340,000+38.2%
2023$890,000$00.0%
2022$890,000−$80,000−8.2%
2021$970,000+$263,130+37.2%
2020$706,870——
6-year total+$392,710+55.6%