NOT LISTED FOR SALE

1220 W Lake St Chicago, IL 60607

West Loop Neighborhood

Estimated Value: $3,477,818

-- Bed
-- Bath
10,000 Sq Ft
$348/Sq Ft Est. Value

About This Home

This home is located at 1220 W Lake St, Chicago, IL 60607 and is currently estimated at $3,477,818, approximately $347 per square foot. 1220 W Lake St is a home located in Cook County with nearby schools including Skinner Elementary School, Wells Community Academy High School, and Rauner College Prep.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2023
Sold by
Cement 7 Chicago Warehouse Llc
Bought by
Peppercorn 1220 Llc
Current Estimated Value
$3,477,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,650,000
Interest Rate
6.78%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 15, 2019
Sold by
Colombo Llc
Bought by
Cement 7 Chicago Warehouse Llc

Purchase Details

Closed on
Jan 24, 2013
Sold by
Standard Bank And Trust Co
Bought by
Colombo Llc

Purchase Details

Closed on
Nov 29, 2006
Sold by
L C & F Enterprises Inc
Bought by
Standard Bank & Trust Co and Trust #19679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2005
Sold by
Westlake Realty Ltd
Bought by
Lc & F Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2000
Sold by
Lasalle Bank National Assn
Bought by
Westlake Realty Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Peppercorn 1220 Llc $3,300,000 None Listed On Document
Cement 7 Chicago Warehouse Llc $3,700,000 Chicago Title
Colombo Llc -- None Available
Standard Bank & Trust Co $1,250,000 Git
Lc & F Enterprises Inc $925,000 --
Westlake Realty Ltd $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Peppercorn 1220 Llc $3,650,000
Previous Owner Cement 7 Chicago Warehouse Llc $700,000
Previous Owner Cement 7 Chicago Warehouse Llc $1,500,000
Previous Owner Standard Bank & Trust Co $750,000
Previous Owner L C & F Enterprises Inc $725,000
Previous Owner Cosmopolitan Bank & Trust $650,000
Previous Owner Westlake Realty Ltd $405,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $57,639 $310,159 $309,375 $784
2023 $56,188 $272,251 $32,485 $239,766
2022 $56,188 $272,251 $32,485 $239,766
2021 $54,927 $272,250 $32,484 $239,766
2020 $23,469 $105,000 $32,484 $72,516
2019 $21,166 $105,000 $32,484 $72,516
2018 $20,808 $105,000 $32,484 $72,516
2017 $18,901 $87,500 $26,296 $61,204
2016 $17,525 $87,500 $26,296 $61,204
2015 $16,034 $87,500 $26,296 $61,204
2014 $17,455 $94,080 $26,296 $67,784
2013 $17,111 $94,080 $26,296 $67,784
Source: Public Records

Map

Illinois Cook County Chicago 60607 West Loop

1220 W Lake St, Chicago, IL

This home is located at 1220 W Lake St, Chicago, IL 60607 and is currently estimated at $3,477,818, approximately $347 per square foot. 1220 W Lake St is a home located in Cook County with nearby schools including Skinner Elementary School, Wells Community Academy High School, and Rauner College Prep.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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