601 North Wells Street

601 North Wells Street in Chicago, IL was first built in 1874 and is 150 years old. This has been categorized as a unknown property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. In total, the area measurement of the land is 2,750 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, 601 North Wells Street sold most recently in Mar 10, 2009 for a total of $419,000. If you work out the math, that's approximately a cost of $232.78 per sqft. Before that, the property was also sold for $485,000 in Mar 10, 2009. 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 $41,157 in taxes each year. 601 North Wells Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $200,100. If we break it down further, the land itself was valued at $137,500. Improvements to the property, however, were assessed at a total of $62,600. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!