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645 South Wells Street

645 South Wells Street, Chicago, IL 60607
Property in South Loop
Sold Dec 27, 2012
$16,009,000
645 South Wells Street in Chicago, IL was first built in 1986 and is 38 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 high-rise style. There are a total of 8 floors. In total, the area measurement of the land is 4,055 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, 645 South Wells Street was last sold in Dec 18, 2012 for $16,009,000. Current property owners are expected to pay $80,903 in taxes per year. The property on 645 South Wells Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $393,342. To break that down further, the land itself was valued at $70,963. While improvements to the property were assessed at a total of $322,379. 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. 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!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

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: High-rise
  • Floor Count: 8
  • Living Units: 91
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,055
  • 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: SCHOOL SECTION ADD
  • Land Acres: 0.93
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF BLK101 IN SCHOOL SECTION ADD TO CHIC AGO SUB IN SEC 16-39-14

Ownership

  • Current Owner : THE REGAL APARTMENTS LLC
  • Previous Owner : LFLREGAL LP
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 833100

Zoning

  • Zoning: PD 362

Geography

  • Assessors Map Reference: 01S-72-01
  • District: 76
  • Parcel: 17-16-402-013-0000
  • Block: 101
  • Lot: 21,22
  • Meridian: SEC 16 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8736
  • Longitude: -87.6333

    Address

  • Full Address: 645 S Wells St
  • Address - House Number: 645
  • Street Direction: S
  • Address - Street Name: Wells
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Zip Code: 60607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $80,903
  • Tax Rate Code Area: 76002

    Market Valuation

  • Market Total Value: $3,933,420
  • Market Land Value: $709,630
  • Market Improvement Value: $3,223,790

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $393,342
  • Assessed Land Value: $70,963
  • Assessed Improvements Value: $322,379

    Sales

  • Current Sale Contract Date: Dec 18, 2012
  • Current Sale Recording Date: Dec 27, 2012
  • Current Sale Transaction ID: 1145087176
  • Current Sale Price: $16,009,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1236242005

    Last Sale Mortgage

  • First Mortgage Lender: ASSOCIATED BANK NA
  • First Mortgage Transaction Date: Dec 27, 2012
  • First Mortgage Loan Amount: $13,263,750
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Dec 31, 2017

About Central Chicago



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Frequently Asked Questions

What neighborhood is 645 South Wells Street located in?
The 645 South Wells Street is a located in the neighborhood of South Loop in Central Chicago, Chicago.
What is the average sales price for listings in 645 South Wells Street?
The average sales price for units in 645 South Wells Street is $0 currently.

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