Landlord's Agent in 2025
Michael Scavo
Compass
(224) 688-0828
24 Total Sales
Paper Place Lofts 801 S Wells St Unit 507 Chicago, IL 60607
Printers Row Neighborhood
2
Beds
1
Bath
1,350
Sq Ft
0.34
Acres
Highlights
- Fitness Center
- Elevator
- Laundry Room
- Wood Flooring
- Resident Manager or Management On Site
- 4-minute walk to Southbank Riverwalk
About This Home
As of May 2025Stunning South Loop Loft in the historic & architecturally iconic Paper Place Lofts designed by Daniel Burnham. Two large, fully enclosed bedrooms with high concrete-barreled ceilings and concrete columns. Unit features track lighting throughout as well as an upgraded bathroom, hardwood floors, a modern kitchen with granite counter tops & stainless steel appliances, in-unit laundry, and ample storage/closet space. Brand new blinds added April 2025. The building has bike storage, a newly renovated exercise room, & storage. Easy walk to CTA, shopping, museums, parks, restaurants, and bars. Quick access to 90/94, I-55, I-290 & ample parking options nearby! June 1
Condo Details
Home Type
- Condominium
Est. Annual Taxes
- $4,853
Year Built
- Built in 1912
Lot Details
- 0.34
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,350 Sq Ft Home
- Family Room
- Combination Dining and Living Room
Kitchen
- Range
- Microwave
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Property Available on 6/1/25
- Rent includes water, scavenger, exterior maintenance, lawn care, snow removal
Community Details
Overview
- 108 Units
- High-Rise Condominium
- 5-Story Property
Amenities
- Elevator
Recreation
- Bike Trail
Pet Policy
- Pets up to 99 lbs
- Pet Deposit Required
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 21, 2020
Sold by
Stotts Ryan M
Bought by
Singular Ven Series 801 Wells 507 Llc
Current Estimated Value
Purchase Details
Closed on
Jan 5, 2005
Sold by
Ohare Sarah J and Shackleton Michael A
Bought by
Stotts Ryan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 14, 1997
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Ohare Sarah J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,500
Interest Rate
7.12%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Singular Ven Series 801 Wells 507 Llc | -- | None Available | |
| Stotts Ryan M | $268,000 | Chicago Title Insurance Comp | |
| Ohare Sarah J | $109,666 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Stotts Ryan M | $210,000 | |
| Previous Owner | Stotts Ryan M | $169,950 | |
| Previous Owner | Stotts Ryan M | $53,600 | |
| Previous Owner | Stotts Ryan M | $214,400 | |
| Previous Owner | Ohare Sarah J | $100,000 | |
| Previous Owner | Ohare Sarah | $127,500 | |
| Previous Owner | Ohare Sarah J | $128,500 | |
| Previous Owner | Ohare Sarah J | $131,500 | |
| Closed | Stotts Ryan M | $26,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | Rented | $2,750 | +5.8% | -- |
| 05/16/2025 05/16/25 | For Rent | $2,600 | 0.0% | -- |
| 05/15/2025 05/15/25 | Under Contract | -- | -- | -- |
| 05/08/2025 05/08/25 | For Rent | $2,600 | +0.2% | -- |
| 05/13/2024 05/13/24 | Rented | $2,595 | 0.0% | -- |
| 04/06/2024 04/06/24 | For Rent | $2,595 | +9.3% | -- |
| 04/27/2022 04/27/22 | Rented | $2,375 | +1.1% | -- |
| 03/26/2022 03/26/22 | For Rent | $2,350 | +27.0% | -- |
| 10/14/2016 10/14/16 | Under Contract | -- | -- | -- |
| 10/14/2016 10/14/16 | Rented | $1,850 | -7.5% | -- |
| 10/05/2016 10/05/16 | Price Changed | $2,000 | -4.8% | $1 / Sq Ft |
| 09/27/2016 09/27/16 | For Rent | $2,100 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $4,853 | $29,234 | $2,693 | $26,541 |
| 2023 | $4,730 | $23,000 | $2,175 | $20,825 |
| 2022 | $4,730 | $23,000 | $2,175 | $20,825 |
| 2021 | $4,625 | $22,999 | $2,174 | $20,825 |
| 2020 | $4,655 | $20,896 | $1,967 | $18,929 |
| 2019 | $4,573 | $22,759 | $1,967 | $20,792 |
| 2018 | $4,496 | $22,759 | $1,967 | $20,792 |
| 2017 | $4,521 | $21,002 | $1,627 | $19,375 |
| 2016 | $4,206 | $21,002 | $1,627 | $19,375 |
| 2015 | $4,074 | $22,235 | $1,627 | $20,608 |
| 2014 | $2,484 | $15,958 | $1,499 | $14,459 |
| 2013 | $2,424 | $15,958 | $1,499 | $14,459 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Neil Turk
Fulton Grace
(312) 659-4564
11 Total Sales
-
J
Seller's Agent in 2016
Jonathon Shaw
Coldwell Banker Realty
(312) 493-6734
About Paper Place Lofts
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12360334
APN: 17-16-410-022-1048
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