NOT LISTED FOR SALE

1401 W Lake St Chicago, IL 60607

West Loop Neighborhood

Estimated Value: $2,492,000

-- Bed
-- Bath
-- Sq Ft
5,140 Sq Ft Lot

About This Home

This home is located at 1401 W Lake St, Chicago, IL 60607 and is currently priced at $2,492,000. 1401 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 21, 2020
Sold by
M15 Land Investments Llc
Bought by
Mp Randolph High Rise Llc
Current Estimated Value
$2,492,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 27, 2018
Sold by
Neill William J O and Neill Jean M O
Bought by
Veritas Chicago Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2015
Sold by
First American Bank
Bought by
M15 Land Investments Llc

Purchase Details

Closed on
Sep 5, 2007
Sold by
Midwest Bank & Trust Co
Bought by
1393 Lake Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
6.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 3, 2007
Sold by
Lake Loomis Llc
Bought by
Moretti Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 27, 2001
Sold by
Lasalle Bank National Assn
Bought by
Lake Loomis Llc
Source: Public Records

Range of Values:

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mp Randolph High Rise Llc $2,250,000 Fidelity National Title
Mp Randolph High Rise Llc $2,000,000 Fidelity National Title
M15 Land Investments Llc -- Fidelity National Title
Veritas Chicago Llc $3,650,000 None Available
M15 Land Investments Llc $1,300,000 North American Title Company
1393 Lake Street Llc -- None Available
Moretti Anna $300,000 First American Title Ins Co
Lake Loomis Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mp Randolph High Rise Llc $65,000,000
Previous Owner Veritas Chicago Llc $2,600,000
Previous Owner 1393 Lake Street Llc $1,680,000
Previous Owner Moretti Anna $240,000
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
2020 $4,187 $18,731 $17,448 $1,283
2019 $3,776 $18,731 $17,448 $1,283
2018 $3,712 $18,731 $17,448 $1,283
2017 $3,603 $16,679 $15,396 $1,283
2016 $3,341 $16,679 $15,396 $1,283
2015 $3,056 $16,679 $15,396 $1,283
2014 $2,666 $14,369 $13,086 $1,283
2013 $2,613 $14,369 $13,086 $1,283
Source: Public Records

Map

Illinois Cook County Chicago 60607 West Loop

1401 W Lake St, Chicago, IL

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.

Nearby Homes