225 West Washington Street

225 West Washington Street in Chicago, IL was first built in 1966 and is 58 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 high-rise style. There are a total of 31 floors. In total, the area measurement of the land is 7,560 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. Before that, the property was also sold for $275,729,000 in Dec 28, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $972,492 in taxes each year. 225 West Washington Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $4,728,128. If we break it down further, the land itself was valued at $567,000. Improvements to the property, however, were assessed at a total of $4,161,128. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.