NOT LISTED FOR SALE

1401 S Michigan Ave Chicago, IL 60605

Central Station Neighborhood

Estimated Value: $5,682,883

Studio
-- Bath
9,950 Sq Ft
$571/Sq Ft Est. Value

About This Home

This home is located at 1401 S Michigan Ave, Chicago, IL 60605 and is currently estimated at $5,682,883, approximately $571 per square foot. 1401 S Michigan Ave is a home located in Cook County with nearby schools including South Loop Elementary School, Wendell Phillips Academy High School, and Old St. Marys School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2019
Sold by
Triangle Plazza Of Chicago Ii Llc
Bought by
Chicago Title Land Trust Company
Current Estimated Value
$5,682,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,950,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 2014
Sold by
Mainstay Management Llc
Bought by
Triangle Plaza Of Chicago Ii Llc

Purchase Details

Closed on
Sep 16, 1999
Sold by
City Of Chicago
Bought by
Mainstay Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
8.25%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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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
Chicago Title Land Trust Company $4,000,000 Chicago Title
Triangle Plaza Of Chicago Ii Llc $2,815,000 Ctcc
Mainstay Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Chicago Title Land Trust Company $3,950,000
Previous Owner Mainstay Llc $1,575,000
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
2025 $105,842 $537,501 $362,250 $175,251
2024 $105,842 $537,501 $362,250 $175,251
2023 $103,163 $500,003 $150,938 $349,065
2022 $103,163 $500,003 $150,938 $349,065
2021 $100,846 $500,000 $150,937 $349,063
2020 $56,875 $255,307 $150,937 $104,370
2019 $82,748 $411,861 $150,937 $260,924
2018 $81,356 $411,861 $150,937 $260,924
2017 $84,790 $393,876 $100,625 $293,251
2016 $28,692 $143,253 $100,625 $42,628
2015 $22,345 $121,939 $100,625 $21,314
2014 $44,501 $239,850 $62,387 $177,463
2013 $43,623 $239,850 $62,387 $177,463
Source: Public Records

Map

Illinois Cook County Chicago 60605 Central Station

1401 S Michigan Ave, Chicago, IL

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