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345 East Wacker Drive

345 East Wacker Drive, Chicago, IL 60601
Property in Near East Side
Sold Jul 11, 2017
$22,250,000
$122,500,000 by The Northwest Mutual Life Insu
Mortgage Due Aug 01, 2025
Sold Jun 21, 2011
$19,500,000
$99,000,000 by The Northwestern Mutual Life I
Mortgage Due Jul 01, 2018
Local assessors in Chicago, IL have categorized 345 East Wacker Drive as a residential type of property. The property's lot size has been calculated to be 30,018 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 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, 345 East Wacker Drive was last sold in Jul 10, 2017 for $22,250,000. Prior to that sales transaction, the property was sold for $19,500,000 in Jun 15, 2011. Current property owners are expected to pay $2,658,396 in taxes per year. The property on 345 East Wacker Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $12,924,771. To break that down further, the land itself was valued at $675,428. While improvements to the property were assessed at a total of $12,249,343. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

  • Building Count: 1
  • Bedroom Count: 0
  • Living Units: 1,921
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 30,018
  • 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: Residential
  • Subdivision: LAKESHORE EAST
  • Land Acres: 0.689
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : MORGUARD COAST LLC
  • Previous Owner : LAKESHORE PARCEL A REALTY HOLDING COMPAN
  • Owner Before Previous Owner: LAKESHORE EAST PARCEL A LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 320101

Zoning

  • Zoning: PD 70

Geography

  • District: 76
  • Parcel: 17-10-318-061-0000
  • Lot: 4
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8872
  • Longitude: -87.6186

    Address

  • Full Address: 345 E Wacker Dr
  • Address - House Number: 345
  • Street Direction: E
  • Address - Street Name: Wacker
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago
  • Carrier Code: C008
  • 4-Digit Zip Code: 5229
  • Zip Code: 60601

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,658,396
  • Tax Rate Code Area: 76015

    Open Liens

  • Total Open Liens: 1
  • First Open Lien Mortgage Lender: THE NORTHWEST MUTUAL LIFE INSU
  • First Open Lien Mortgage Recording Date: Jul 11, 2017
  • First Open Lien Mortgage Loan Amount: $122,500,000
  • First Open Lien Mortgage Term: 96
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2025

    Market Valuation

  • Market Total Value: $129,247,710
  • Market Land Value: $6,754,280
  • Market Improvement Value: $122,493,430

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,924,771
  • Assessed Land Value: $675,428
  • Assessed Improvements Value: $12,249,343

    Sales

  • Current Sale Contract Date: Jul 10, 2017
  • Current Sale Recording Date: Jul 11, 2017
  • Current Sale Transaction ID: 1590322256
  • Current Sale Price: $22,250,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1719229114
  • Previous Sale Recording Date: Jun 21, 2011
  • Previous Sale Contract Date: Jun 15, 2011
  • Previous Sale Amount: $19,500,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE NORTHWEST MUTUAL LIFE INSU
  • First Mortgage Transaction Date: Jul 11, 2017
  • First Mortgage Loan Amount: $122,500,000
  • First Mortgage Terms: 96
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 01, 2025

    Previous Mortgages

  • Previous Mortgage Lender: THE NORTHWESTERN MUTUAL LIFE I
  • Previous Mortgage Transaction Date: Jun 21, 2011
  • Previous Mortgage Loan Amount: $99,000,000
  • Previous Mortgage Term: 84
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Jul 01, 2018

About Central Chicago



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Frequently Asked Questions

What neighborhood is 345 East Wacker Drive located in?
The 345 East Wacker Drive is a located in the neighborhood of Near East Side in Central Chicago, Chicago.
What is the average sales price for listings in 345 East Wacker Drive?
The average sales price for units in 345 East Wacker Drive is $0 currently.

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