Commercial > Multi-family / Apartments
Sold
05/10/2022
Sold Price
$16,875,000$362/ft²
417 Dearborn St
Chicago, IL 60605
- -Bed
- -Bath
- 46,600ft²Living Area
- 3,396ft²Lot Size
- -Pool
- -Car
- 1899Year Built
- -DOM
- 10Permits
417 Dearborn St, Chicago, IL 60605 is a 46,600 ft² multi-family/apartments property built in 1899 on a 0.078 acre lot with 10 construction permits. This multi-family/apartments is currently off market, and it was last sold in 2022 for $16,875,000.
Permits
417 Dearborn St has 10 permit records of total value of $12,817,501.
Permit History
10
Permits
$12,817,501
Total Permit Value
September 11, 2017
Description: Revision to permit# 100675577 to convert 30 dwelling units to 30 extended stay hotel units per plansJob Value: $30,000Status: issuedType: Renovation/alterationBusiness Name: Building Permits INC; LG Construction Group LLC; Sorich George SApplicant: 417 South Dearborn LLCFees: $1,575Effective Date: 2017-09-11Permit Number: 100724825
February 7, 2017
Description: Revision to permit #100652359 to change occupancy of floors 2-5 from business to 30 residential units change residential unit mechanical systems from furnace based split system to vrf and remove convenience stair from basement to first floor. All work as per plansJob Value: $6,500,000Status: issuedType: Renovation/alterationBusiness Name: Building Permits INC; LG Construction Group LLC; Lopez Plumbing Systems INC; Maks Electric INCApplicant: 417 South Dearborn LLCFees: $14,582Effective Date: 2017-02-07Permit Number: 100675577
January 10, 2017
Description: Erect (1) AC- 13000 scaffold from 1-11-17 to 1-11-18Status: issuedType: ScaffoldingApplicant: 417 South Dearborn LLCFees: $150Effective Date: 2017-01-10Permit Number: 100685933
August 17, 2016
Description: Renovation of existing 11-story office building to convert building to offices (floors 2nd thru 5th) and residential (floors 6th thru 11th) with 12th floor rooftop amenity addition. {also see revision #100675577 - to convert floors 2 - 5 to residential}Job Value: $5,500,000Status: issuedType: Renovation/alterationBusiness Name: Beta Electric INC; Building Permits INC; Lopez Plumbing Systems INC; Marion INC; Mike B ConstructionApplicant: 417 South Dearborn LLCFees: $38,224Effective Date: 2016-08-17Permit Number: 100652359
August 10, 2016
Description: Modernization of two (2) geared traction passengers elevators; west 2000lb.cap east 2500lb.cap 13-floors. Pursuant to the scope of work submitted.ev001535Job Value: $465,000Status: issuedType: Elevator equipmentBusiness Name: Anderson ElevatorApplicant: Lg Construction GroupFees: $2,225Effective Date: 2016-08-10Permit Number: 100663147
April 19, 2016
Description: Interior demolition of non-load bearing partitions for 11 story office building with basement as per plans (existing/proposed use: office)no plumbing work under this permitJob Value: $45,000Status: issuedType: Renovation/alterationBusiness Name: Building Permits INC; Maks Electric INC; ML Development Group LLC; Sorich George SApplicant: 417 South Dearborn LLCFees: $4,728Effective Date: 2016-04-19Permit Number: 100644379
April 10, 2014
Description: Erect 1 dunlop scaffold from 4/10/2014 to 4/10/2015Job Value: $1Status: issuedType: ScaffoldingApplicant: Equibase Capital GroupFees: $100Effective Date: 2014-04-10Permit Number: 100535196
October 28, 2013
Description: Building facade restoration as per plans (exterior work only)Job Value: $40,000Status: issuedType: Renovation/alterationBusiness Name: Artemida Construction; LMC Construction INC; Mueller Helmut J; WAZ CorpApplicant: 417 Dearborn, LLCFees: $375Effective Date: 2013-10-28Permit Number: 100513649
May 27, 2009
Description: Install temporary 200 amp electric service w/(8) 20 amp circuits, onlyJob Value: $3,500Status: issuedType: Electric wiringBusiness Name: Garza Electrical INCFees: $100Effective Date: 2009-05-27Permit Number: 100293222
March 14, 2007
Description: Modernize two (2) passenger elevators as per scope of workJob Value: $234,000Status: issuedType: Elevator equipmentBusiness Name: Southeast Elevator INC; Southwest Ind., Inc.Applicant: Charles Everhardt and Lawrence NesisFees: $655Effective Date: 2007-03-14Permit Number: 100167235
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$338,534.97From latest Total Assessed Value20.11%Total Assessed Value$1,683,493=Land+
Assessed Value$76,410Additions
Assessed Value$1,607,083
In 2021, taxes billed for 417 Dearborn St were $338,534.97, which is 20.11% from latest Total Assessed Value of $1,683,493.
Property History
417 Dearborn St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 417 Dearborn St
Hazard Risks
Tornado203Hail158Wind157Particulates136Ozone105Carb Mono104Weather104Nat'l Avg100Air Pollution98Lead53Earthquake43Hurricane10
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 417 Dearborn St.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
417 Dearborn St has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
20°F
High
34°F
Summer
Average
Low
63°F
High
81°F
In the winter at 417 Dearborn St, temperatures range from 20.26°F to 34.13°F with an average of 27.2°F. In the summer, the temperature ranges from 62.81°F to 80.78°F with and average of 71.8°F.
School Information
Public/private schools serving 417 Dearborn St
Public Schools
Phillips Academy High School
Grades: 9-12
3.61 mi
F
South Loop Elementary School
Grades: PK-8
0.67 mi
B
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 417 Dearborn St have ratings undefined, and undefined.
Neighborhood
This property is located in Loop, Chicago, IL 60605.
Seasonal Housing units 60605
15%of housing is for seasonal rent.
Daytime Population for 60605
+91%of people during work hours.
Boundary map of Loop.
Crime Index for 60605
160
160
The crime index in 60605 is 160, which is 1.6 times higher than national average.
Market Trends
Historical market data near 417 Dearborn St over selected time period.
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