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1325 West Wilson Avenue

1325 West Wilson Avenue, Chicago, IL 60640
Property in Sheridan Park
Sold Jun 17, 2016
$17,750,000
$1,500,000 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2051
Sold Jan 26, 2005
$5,995,000
$5,000,000 by Independence Community Bank
Mortgage Due Feb 01, 2010
1325 West Wilson Avenue in Chicago, IL was first built in 1931 and is 93 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 12 floors. In total, the area measurement of the land is 7,945 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1325 West Wilson Avenue was last sold in Jun 17, 2016 for $17,750,000. According to our calculations, that's $283.09 per sqft. Prior to that sales transaction, the property was sold for $5,995,000 in Jan 19, 2005. Current property owners are expected to pay $212,710 in taxes per year. The property on 1325 West Wilson Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $998,680. To break that down further, the land itself was valued at $39,725. While improvements to the property were assessed at a total of $958,955. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Floor Count: 12
  • Living Units: 32
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,945
  • Lot Size Depth Feet: 1,500
  • Total Building Area: 62,700
  • Building Area: 62,700
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DRIVE SUB
  • Land Acres: 0.182
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SHERIDAN) DRIVE SUB IN NW SEC 17-40-14

Ownership

  • Current Owner : MAYNARD 1325 W WILSON LLC
  • Current Owner 2: CLK LV 1325 W WILSON LLC
  • Previous Owner : WILSON TOWER LLC
  • Owner Before Previous Owner: SURMAN ROBERT E
  • Owner Before Previous Owner 2: STILP THOMAS R

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 031700

Zoning

  • Zoning: B3-3

Geography

  • Assessors Map Reference: 17S-131-01
  • District: 73
  • Parcel: 14-17-116-001-0000
  • Block: 4
  • Lot: 192,1
  • Meridian: SEC 17 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9652
  • Longitude: -87.6634

    Address

  • Full Address: 1325 W Wilson Ave
  • Address - House Number: 1325
  • Street Direction: W
  • Address - Street Name: Wilson
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C018
  • 4-Digit Zip Code: 6229
  • Zip Code: 60640

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $212,710
  • Tax Rate Code Area: 73114

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 22, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $9,986,800
  • Market Land Value: $397,250
  • Market Improvement Value: $9,589,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $998,680
  • Assessed Land Value: $39,725
  • Assessed Improvements Value: $958,955

    Sales

  • Current Sale Contract Date: Jun 17, 2016
  • Current Sale Recording Date: Jun 17, 2016
  • Current Sale Transaction ID: 1655892981
  • Current Sale Price: $17,750,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1616916053
  • Previous Sale Recording Date: Jan 26, 2005
  • Previous Sale Contract Date: Jan 19, 2005
  • Previous Sale Amount: $5,995,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jun 17, 2016
  • First Mortgage Loan Amount: $13,312,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Jul 01, 2046

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: INDEPENDENCE COMMUNITY BANK
  • Previous Mortgage Transaction Date: Jan 26, 2005
  • Previous Mortgage Loan Amount: $5,000,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Feb 01, 2010

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Frequently Asked Questions

What neighborhood is 1325 West Wilson Avenue located in?
The 1325 West Wilson Avenue is a located in the neighborhood of Sheridan Park in North Side, Chicago.
What is the average sales price for listings in 1325 West Wilson Avenue?
The average sales price for units in 1325 West Wilson Avenue is $0 currently.

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