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1552 South Michigan Avenue

1552 South Michigan Avenue, Chicago, IL 60605
Property in South Loop
1552 South Michigan Avenue in Chicago, IL was first built in 2000 and is 24 years old. This has been categorized as a commercial property type. In total, the area measurement of the land is 15,974 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. Tax-wise, the current owner is expected to pay close to $46,236 in taxes each year. 1552 South Michigan Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $224,091. If we break it down further, the land itself was valued at $223,636. Improvements to the property, however, were assessed at a total of $455. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,974
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: ASSESSORS DIV
  • Land Acres: 0.367
  • Standard Land Use Code: Miscellaneous (general)

Ownership

  • Current Owner : SIXTEEN MICHIGAN INVESTMENSTS INC
  • Previous Owner : NORTH STAR TRUST CO
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 320600

Zoning

  • Zoning: DX-7

Geography

  • District: 76
  • Parcel: 17-22-107-061-0000
  • Block: 32
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8606
  • Longitude: -87.6245

    Address

  • Full Address: 1552 S Michigan Ave
  • Address - House Number: 1552
  • Street Direction: S
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Zip Code: 60605

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $46,236
  • Tax Rate Code Area: 76084

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 2,017,105
  • High Value: 2,383,670
  • Low Value: 1,650,540

    Market Valuation

  • Market Total Value: $2,240,910
  • Market Land Value: $2,236,360
  • Market Improvement Value: $4,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $224,091
  • Assessed Land Value: $223,636
  • Assessed Improvements Value: $455

    Sales

  • Current Sale Contract Date: May 31, 2012
  • Current Sale Recording Date: Oct 24, 2012
  • Current Sale Transaction ID: 1145127309
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 1229831036

About Central Chicago



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1552 South Michigan Avenue located in?
The 1552 South Michigan Avenue is a located in the neighborhood of South Loop in Central Chicago, Chicago.
What is the average sales price for listings in 1552 South Michigan Avenue?
The average sales price for units in 1552 South Michigan Avenue is $0 currently.

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