1450 South Michigan Avenue

1450 South Michigan Avenue in Chicago, IL was first built in 1915 and is 109 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. The linear feet across the front of the lot is 310 ft and the linear feet between the front and back of the lot is 1,700. In total, the area measurement of the land is 5,518 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1450 South Michigan Avenue sold most recently in Jul 16, 2013 for a total of $765,000. If you work out the math, that's approximately a cost of $43.97 per sqft. Before that, the property was also sold for $650,000 in Mar 1, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $49,624 in taxes each year. 1450 South Michigan Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $240,514. If we break it down further, the land itself was valued at $103,463. Improvements to the property, however, were assessed at a total of $137,051. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.