642 South Wells Street

642 South Wells Street in Chicago, IL was first built in 1911 and is 113 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 11 floors. In total, the area measurement of the land is 12,701 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. Prior to that sales transaction, the property was sold for $75,000,000 in Jul 22, 2008. Current property owners are expected to pay $1,149,133 in taxes per year. The property on 642 South Wells Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,586,934. To break that down further, the land itself was valued at $222,268. While improvements to the property were assessed at a total of $5,364,666. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.