229 East Erie Street

229 East Erie Street in Chicago, IL was first built in 1968 and is 56 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 26 floors. In total, the area measurement of the land is 12,000 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, 229 East Erie Street was last sold in Jun 6, 2019 for $40,007,000. According to our calculations, that's $522.97 per sqft. Current property owners are expected to pay $766,951 in taxes per year. The property on 229 East Erie Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,284,262. To break that down further, the land itself was valued at $296,520. While improvements to the property were assessed at a total of $4,987,742. 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. 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!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.