NOT LISTED FOR SALE

500 W Madison St Unit 3150 Chicago, IL 60661

West Loop Neighborhood
-- Bed
-- Bath
1,888,207 Sq Ft
2.03 Acres

About This Home

This home is located at 500 W Madison St Unit 3150, Chicago, IL 60661. 500 W Madison St Unit 3150 is a home located in Cook County with nearby schools including Skinner Elementary School, Wells Community Academy High School, and Chicago International Charter School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2005
Sold by
Naca Lp
Bought by
Ust Gept Joint Venture Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 1995
Sold by
Chicago Title & Trust Company
Bought by
Naca Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000,000
Interest Rate
7.8%
Mortgage Type
Commercial
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.

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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

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.

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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
Ust Gept Joint Venture Lp -- First American Title
Naca Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kbsill 500 West Madison Llc $375,000,000
Closed Kbsiii 500 West Madison Llc $101,000,000
Previous Owner Ust Gept Joint Venture Lp $245,000,000
Previous Owner Naca Ltd Partnership $85,000,000
Previous Owner Naca Ltd Partnership $100,000,000
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 $17,180,291 $84,269,960 $2,209,450 $82,060,510
2023 $14,242,595 $81,148,546 $4,337,813 $76,810,733
2022 $14,242,595 $69,010,176 $4,337,813 $64,672,363
2021 $13,349,414 $66,167,638 $4,337,813 $61,829,825
2020 $17,540,960 $78,479,334 $4,337,813 $74,141,521
2019 $15,494,771 $76,865,435 $4,337,813 $72,527,622
2018 $13,086,481 $66,035,284 $4,337,813 $61,697,471
2017 $1,310,269 $60,657,660 $4,337,813 $56,319,847
2016 $12,149,040 $60,657,660 $4,337,813 $56,319,847
2015 $1,111,527 $60,657,660 $4,337,813 $56,319,847
2014 $1,040,608 $56,085,872 $4,337,813 $51,748,059
2013 $1,020,060 $56,085,872 $4,337,813 $51,748,059
Source: Public Records

Map

Illinois Cook County Chicago 60661 West Loop

500 W Madison St Unit 3150, Chicago, IL

This home is located at 500 W Madison St Unit 3150, Chicago, IL 60661. 500 W Madison St Unit 3150 is a home located in Cook County with nearby schools including Skinner Elementary School, Wells Community Academy High School, and Chicago International Charter School.

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