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649 South Wells Street

649 South Wells Street, Chicago, IL 60607
Property in South Loop
Sold Dec 27, 2012
$16,009,000
649 South Wells Street has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1986 and is 38 years old. The building has a total of 8 stories. The area measurement of the land has been determined as 2,027 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a high-rise style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page 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, 649 South Wells Street was last sold in Dec 18, 2012 for $16,009,000. Current property owners are expected to pay $40,449 in taxes per year. The property on 649 South Wells Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $196,661. To break that down further, the land itself was valued at $35,473. While improvements to the property were assessed at a total of $161,188. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2,027
  • 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 SEC ADD
  • Land Acres: 0.47
  • Standard Land Use Code: Apartments (generic)

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: 17-16-402-014-0000
  • Lot: 21,22
  • Meridian: SEC 16 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8735
  • Longitude: -87.6333

    Address

  • Full Address: 649 S Wells St
  • Address - House Number: 649
  • 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: $40,449
  • Tax Rate Code Area: 76002

    Market Valuation

  • Market Total Value: $1,966,610
  • Market Land Value: $354,730
  • Market Improvement Value: $1,611,880

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $196,661
  • Assessed Land Value: $35,473
  • Assessed Improvements Value: $161,188

    Sales

  • Current Sale Contract Date: Dec 18, 2012
  • Current Sale Recording Date: Dec 27, 2012
  • Current Sale Transaction ID: 1145087177
  • 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 649 South Wells Street located in?
The 649 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 649 South Wells Street?
The average sales price for units in 649 South Wells Street is $0 currently.

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