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$195,000
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Property Description
Welcome to 503 W 81st St- a delightful frame ranch home designed with the first-time homebuyer in mind. This residence offers five cozy bedrooms and two baths, ensuring additional living space while maintaining an inviting, manageable footprint. The finished basement enhances the home's versatility, providing an ideal setting for family gatherings, a dedicated workspace, or recreational activities. Updated kitchen with new appliances. The centrally air-conditioned interior promises comfort throughout the seasons, and although there is no garage, the property's enviable location next to a park and a well-regarded school more than compensates. This home presents an excellent opportunity to transition from rental living into a space you can truly call your own!
Full Property Details
Full Property Details for 503 W 81st St
General
- Price: $195,000
- Taxes: $528 (2023)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 11907116
- Updated: 9/15/2025
- Added to Site: 321 day(s) ago
Interior
- Basement: Finished, E
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Basement Baths: Yes
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Total Spaces: 2
- Parking Features: Garage Faces Side, On Site, Owned
- Parking On-Site: Yes
Location
- Area: CHI - Chatham
- County: Cook
- Township: South Chicago
- Driving Directions: take 79th street to normal street south to 81st to property
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Architectural Info: Ranch
- Architectural Style: Ranch
- Model: 5 BEDROOM 2 BATH SINGLE STORY HOME
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Exterior Entry, Full
- Square Feet: 1,100
- Sq. Ft. Source: Landlord/Tenant/Seller
- Year Built: 1883
- Built Before 1978: Yes
- Remodeled/Updated: 2023
Manufactured Home
- Model: 5 BEDROOM 2 BATH SINGLE STORY HOME
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3050
Financial Considerations
- Assessment Year: 1883
- Tax Amount: $528
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20331200020000
Listed by Lux Life Realty LLC
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Schools
Schools serving 503 W 81st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Westcott Elementary School 409 West 80th Street, Chicago, IL 60620 | PK-8 | 0.1 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 W 81st St
Date
Details
Price
Change
Source
9/09/2025
Price Reduced
$195,000
-7.14%
MLS
8/03/2025
Price Reduced
$210,000
-5.62%
MLS
4/22/2025
Price Reduced
$222,500
-1.11%
MLS
3/01/2025
Listed
$225,000
2268.42%
MLS
10/21/2009
Sold
$9,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 503 W 81st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$527
3%
$2,499
—
2022
$514
2%
$2,499
—
2021
$503
-65%
$2,499
-61%
2020
$1,417
1%
$6,360
-9%
2019
$1,404
2%
$6,989
—
2018
$1,381
20%
$6,989
31%
2017
$1,148
-7%
$5,331
-14%
2016
$1,240
9%
$6,192
—
2015
$1,135
8%
$6,192
9%
2014
$1,050
2%
$5,660
—
2013
$1,029
1%
$5,660
—
2012
$1,016
—
$5,660
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 W 81st St
503 W 81st Street, Chicago, IL 60620 (MLS# 11907116) is a Single Family property with 4 bedrooms and 2 full bathrooms. 503 W 81st Street is currently listed for $195,000 and was received on March 01, 2025. Want to learn more about 503 W 81st Street? Do you have questions about finding other Single Family real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

