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73 East Lake Street

73 East Lake Street, Chicago, IL 60601
Property in The Loop
Sold Jul 11, 2012
$12,200,000
$75,871,250 by 73 East Lake Street Capital Ll
Mortgage
Sold Apr 10, 2012
$12,200,000
$7,500,000 by The Privatebank & Trust Co
Mortgage Due Mar 29, 2013
Local assessors in Chicago, IL have categorized 73 East Lake Street as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 10,810 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. This is a 4 story home so residents will need to have climb at least one set of stairs on a daily basis.

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. 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, 73 East Lake Street sold most recently in Jun 29, 2012 for a total of $12,200,000. If you work out the math, that's approximately a cost of $242.54 per sqft. Before that, the property was also sold for $12,200,000 in Mar 30, 2012. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $1,240,446 in taxes each year. 73 East Lake Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $6,030,885. If we break it down further, the land itself was valued at $459,425. Improvements to the property, however, were assessed at a total of $5,571,460. 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. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Floor Count: 4
  • Living Units: 199
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,810
  • Total Building Area: 50,300
  • Building Area: 50,300
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FORT DEARBORN ADD TO CHICAGO
  • Land Acres: 0.248
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (FORT) (DEARBORN) ADD TO (CHICAGO) IN FRACL SW SEC 10-39-14

Ownership

  • Current Owner : 73 EAST LAKE STREET OWNER LLC
  • Previous Owner : SUMMIT ON LAKE LLC
  • Owner Before Previous Owner: CONSOLIDATED EQUITY III LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 320102

Zoning

  • Zoning: PD 1116

Geography

  • Assessors Map Reference: 01S-12-02
  • District: 76
  • Parcel: 17-10-306-004-0000
  • Lot: 7-9
  • Meridian: SEC 10 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8854
  • Longitude: -87.6255

    Address

  • Full Address: 73 E Lake St
  • Address - House Number: 73
  • Street Direction: E
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C007
  • 4-Digit Zip Code: 4804
  • Zip Code: 60601

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,240,446
  • Tax Rate Code Area: 76015

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,871,250
  • First Open Lien Mortgage Lender: 73 EAST LAKE STREET CAPITAL LL
  • First Open Lien Mortgage Recording Date: Jul 11, 2012
  • First Open Lien Mortgage Loan Amount: $75,871,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $60,308,850
  • Market Land Value: $4,594,250
  • Market Improvement Value: $55,714,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,030,885
  • Assessed Land Value: $459,425
  • Assessed Improvements Value: $5,571,460

    Sales

  • Current Sale Contract Date: Jun 29, 2012
  • Current Sale Recording Date: Jul 11, 2012
  • Current Sale Transaction ID: 1177356715
  • Current Sale Price: $12,200,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1219345078
  • Previous Sale Recording Date: Apr 10, 2012
  • Previous Sale Contract Date: Mar 30, 2012
  • Previous Sale Amount: $12,200,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: 73 EAST LAKE STREET CAPITAL LL
  • First Mortgage Transaction Date: Jul 11, 2012
  • First Mortgage Loan Amount: $75,871,250
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: THE PRIVATEBANK & TRUST CO
  • Previous Mortgage Transaction Date: Apr 10, 2012
  • Previous Mortgage Loan Amount: $7,500,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 29, 2013

About Central Chicago



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Frequently Asked Questions

What neighborhood is 73 East Lake Street located in?
The 73 East Lake Street is a located in the neighborhood of The Loop in Central Chicago, Chicago.
What is the average sales price for listings in 73 East Lake Street?
The average sales price for units in 73 East Lake Street is $0 currently.

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