Commercial > Office
Sold
03/20/2015
Sold Price
$12,500,000$46/ft²
174 Michigan Ave
Chicago, IL 60601
- -Bed
- -Bath
- 270,200ft²Living Area
- 3,170ft²Lot Size
- -Pool
- -Car
- 1888Year Built
- -DOM
- 22Permits
174 Michigan Ave, Chicago, IL 60601 is a 270,200 ft² commercial office property property built in 1888 on a 0.073 acre lot with 22 construction permits. This commercial office property is currently off market, and it was last sold in 2015 for $12,500,000.
Permits
174 Michigan Ave has 22 permit records of total value of $321,492.
Permit History
22
Permits
$321,492
Total Permit Value
May 21, 2015
Description: Self cert: interior demolition to existing 2nd and 3rd floor office space as per plan existing use: business proposed use: businessJob Value: $25,000Status: issuedType: Renovation/alterationBusiness Name: Burnham Nationwide INC; Continental Electrical Constru; Fettes Love & Sieben; Norcon INCApplicant: L3 Capital LLCFees: $825Effective Date: 2015-05-21Permit Number: 100593157
June 10, 2013
Description: Relocate b label stair door on 2nd. & 3rd. Floor. To correct violation for central stairwayJob Value: $1Status: issuedType: Easy permit processBusiness Name: Victor Construction CO INCApplicant: Michigan Ave 174 LLCFees: $200Effective Date: 2013-06-10Permit Number: 100494699
August 22, 2012
Description: Installation of a low voltage alarm systemJob Value: $309Status: issuedType: Electric wiringBusiness Name: Alarm Detection Systems OF ILLFees: $50Effective Date: 2012-08-22Permit Number: 100454471
June 25, 2012
Description: Replace the air handler and remote 12 1/2 ton condenser with one carrier air handler and condenser 12 1/2 ton remote air cooled r410a located in a fenced in area.the unit serves a 7-11 storeStatus: issuedType: Easy permit processBusiness Name: T&S Heating & CoolingApplicant: 7 11Fees: $200Effective Date: 2012-06-25Permit Number: 100446591
June 19, 2012
Description: Disconnect existing wiring to an air conditioning unit in order to remove it from premises and reconnect the wiring to new unit. Air conditioner swap outJob Value: $500Status: issuedType: Electric wiringBusiness Name: Artis Electric IncorporatedFees: $50Effective Date: 2012-06-19Permit Number: 100445867
March 28, 2012
Description: Interior wall construction for new corridor office/reception men's locker room restroom and shower women's locker room restroom and shower. Mechanical plumbing and electrical work to be design buildingJob Value: $75,000Status: issuedType: Renovation/alterationBusiness Name: Chadha Sanjiv; Johnson Electric Company; National Heat & Power Corp; Victor Construction CO INCApplicant: Cindy FreeseFees: $3,705Effective Date: 2012-03-28Permit Number: 100429759
June 21, 2011
Description: Erect 1 scaffold - 6/21/11 - 6/21/12Job Value: $1Status: issuedType: ScaffoldingApplicant: Michigan Ave 174 LLCFees: $100Effective Date: 2011-06-21Permit Number: 100399409
June 21, 2011
Description: Tuckpoint (appx- 2800 sq ft) & replace 250 bricks (no structural work)- all work same as existing; subject to field inspectionJob Value: $5,900Status: issuedType: Easy permit processBusiness Name: Prime MasonryApplicant: Michigan Avenue 174 LLCFees: $375Effective Date: 2011-06-21Permit Number: 100399408
May 23, 2011
Description: Reinforcing of west basement wall due to buckling. No electrical mechanical plumbing and fire protection is required. Only structural work is requiredJob Value: $26,000Status: issuedType: Renovation/alterationBusiness Name: Chadha Sanjiv; Victor Construction CO INCApplicant: Theresa KolososkiFees: $1,081Effective Date: 2011-05-23Permit Number: 100381511
April 28, 2011
Description: Install channel letters above store frontJob Value: $5,000Status: issuedType: SignsBusiness Name: Novak Electric Sign SOFees: $250Effective Date: 2011-04-28Permit Number: 100380676
April 1, 2011
Description: Revision to permit 100379029 issued 2/25/2011 to change the HVAC contractor to K.C.W. Environmental conditioning and the plumber of record to apex plumbingJob Value: $1Status: issuedType: Easy permit processBusiness Name: Charles Osleber; KCW Environmental Conditioning; Menotti & COApplicant: the Clover Leaf GroupFees: $100Effective Date: 2011-04-01Permit Number: 100387871
February 25, 2011
Description: Interior renovation to existing retail space at ground floor for new popcorn shop as per plans **conditional permit: subject to field inpsections & audit**Job Value: $30,000Status: issuedType: Renovation/alterationBusiness Name: DAM Plumbing INC; South Chicago Heating; Vari Ronald; Veikos Development LLCApplicant: George BozkovFees: $954Effective Date: 2011-02-25Permit Number: 100379029
November 17, 2010
Description: The removal of existing fire escapeJob Value: $10,000Status: issuedType: Renovation/alterationBusiness Name: Chadha Sanjiv; Victor Construction CO INCApplicant: Theresa KolososkiFees: $375Effective Date: 2010-11-17Permit Number: 100349375
November 19, 2009
Description: Piping wiring and installation in the basement 30 each 2x4 lay-in fluorescent light fixtures and four ceiling mounted censorsJob Value: $5,630Status: issuedType: Electric wiringBusiness Name: Kimbar Electric INCFees: $100Effective Date: 2009-11-19Permit Number: 100321047
October 27, 2009
Description: Install a 2 x 4 rated ceiling per drawings to exposed semi-heavy timber in vacant basement. Install 1 hr. Rated lay-in ceiling with armstrong fireguard on 4th FL patch hole in terra cotta at west stair in basement. Approved by asif rahmanJob Value: $12,550Status: issuedType: Easy permit processBusiness Name: Chadha Sanjiv; Victor Construction CO INCApplicant: the Clover Leaf Group, IncFees: $175Effective Date: 2009-10-27Permit Number: 100315354
October 16, 2009
Description: Remove existing 26 each 8 ft light fixtures from existing ceiling and reinstall them on 2x4 suspended ceilingJob Value: $2,960Status: issuedType: Electric wiringBusiness Name: Kimbar Electric INCFees: $50Effective Date: 2009-10-16Permit Number: 100315754
November 13, 2008
Description: Installation of low voltage video entry systemJob Value: $5,890Status: issuedType: Electric wiringBusiness Name: RED Hawk Security Systems INCFees: $150Effective Date: 2008-11-13Permit Number: 100267200
June 11, 2008
Description: Replace 100 pieces of deteriorated bricks at basement level on west elevation repoint cracks & open joints at first floor level- all work same as existing; subject to field inspectionsJob Value: $4,750Status: issuedType: Easy permit processBusiness Name: Marion Incorporated; Marion's ConstructionApplicant: Michigan Avenue 174 LLCFees: $325Effective Date: 2008-06-11Permit Number: 100242075
March 13, 2008
Description: Interior remodel of third floor including demolition new partitions new finishes and ceiling new electrical and HVAC distribution.(no plumbing work within permit scope)Job Value: $96,000Status: issuedType: Renovation/alterationBusiness Name: AA Service; AAA Service CO; Chadha Sanjiv; Tpec Electric Construction; Victor Construction CO INCApplicant: Cindy FreeseFees: $2,718Effective Date: 2008-03-13Permit Number: 100215097
December 24, 2007
Description: Lobby renovation using existing circuits and change of electrical contractor of permit number 100202350Job Value: $3,000Status: issuedType: Electric wiringBusiness Name: Tpec Electric ConstructionFees: $40Effective Date: 2007-12-24Permit Number: 100216301
December 5, 2007
Description: Interior renovations to 1st floor lobby. No plumbing or vent workJob Value: $10,000Status: issuedType: Renovation/alterationBusiness Name: Dohrer Larry A; Phase 1 Consulting; Victor Construction CO INC; Wiring INCApplicant: 174 N Michigan LLCFees: $409Effective Date: 2007-12-05Permit Number: 100202350
July 7, 2007
Description: Emergency repairs to restore lighting in the public halls and stairwells. Close up all open boxes no new wiring or circuitsJob Value: $3,000Status: issuedType: Electric wiringBusiness Name: Wiring INCFees: $40Effective Date: 2007-07-07Permit Number: 100161993
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$109,530.98From latest Total Assessed Value20.11%Total Assessed Value$544,684=Land+
Assessed Value$336,812Additions
Assessed Value$207,872
In 2021, taxes billed for 174 Michigan Ave were $109,530.98, which is 20.11% from latest Total Assessed Value of $544,684.
Property History
174 Michigan Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 174 Michigan Ave
Hazard Risks
Tornado205Wind158Hail147Particulates134Carb Mono105Air Pollution105Weather103Ozone102Nat'l Avg100Lead57Earthquake43Hurricane16
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 174 Michigan Ave.
Walkability Index
19 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
174 Michigan Ave has a walkability score of 19 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 174 Michigan Ave, temperatures range from 20.23°F to 34.07°F with an average of 27.15°F. In the summer, the temperature ranges from 62.82°F to 80.75°F with and average of 71.79°F.
School Information
Public/private schools serving 174 Michigan Ave
Public Schools
Phillips Academy High School
Grades: 9-12
4.21 mi
F
South Loop Elementary School
Grades: PK-8
1.30 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 174 Michigan Ave have ratings undefined, and undefined.
Neighborhood
This property is located in Loop, Chicago, IL 60601.
Seasonal Housing units 60601
63%of housing is for seasonal rent.
Daytime Population for 60601
+412%of people during work hours.
Boundary map of Loop.
Crime Index for 60601
171
171
The crime index in 60601 is 171, which is 1.7 times higher than national average.
Market Trends
Historical market data near 174 Michigan Ave over selected time period.
Nearby Properties on Michigan Ave
- 1631 S Michigan Ave #Apt 210, Chicago, IL 60616 (Prairie District) is a 0.66 acre property. It was built in 1911 and has an estimate of $107,100.
- 1631 S Michigan Ave #Apt 210, Chicago, IL 60616 (Prairie District) is a 0.66 acre property. It was built in 1911 and has an estimate of $323,600.
- 1845 S Michigan Ave #Unit 1808, Chicago, IL 60616 (Vue20 Condominiums) is a 786 square foot, 1 bedroom, 1 bathroom, 0.02 acre property. It was built in 2003 and has an estimate of $258,190 with a price per ft² of $328.
- 5039 S Michigan Ave # G, Chicago, IL 60615 (Grand Boulevard) is a 0.24 acre property. It was built in 1891 and has an estimate of $161,300.
- 3745 S Michigan Ave #Unit 1, Chicago, IL 60653 (Douglas) is a 0.09 acre property. It was built in 2004 and has an estimate of $375,652.
- 777 N Michigan Ave #Apt 3804, Chicago, IL 60611 (777 North Michigan) is a 0.39 acre property. It was built in 1927 and has an estimate of $170,190.
- 5222 S Michigan Ave #Unit 3, Chicago, IL 60615 (Washington Park) is a 0.09 acre property. It was built in 2005 and has an estimate of $217,481.
- 3749 S Michigan Ave #Unit 1, Chicago, IL 60653 (Douglas) is a 0.09 acre property. It was built in 2004 and has an estimate of $375,637.
- 310 S Michigan Ave, Chicago, IL 60604 (Metropolitan Tower Condominiums) is a 0.22 acre property.
- 1631 S Michigan Ave #Apt 210, Chicago, IL 60616 (Prairie District) is a 0.66 acre property. It was built in 1911 and has an estimate of $125,000.
- 1808 S Michigan Ave #Apt 3, Chicago, IL 60616 (Wabash Corridor) is a 0.61 acre property. It was built in 2000 and has an estimate of $359,545.
- 1801 S Michigan Ave #Unit 306, Chicago, IL 60616 (Prairie District) is a 0.41 acre property. It was built in 1899 and has an estimate of $206,584.
- 3021 S Michigan Ave #Unit 405, Chicago, IL 60616 (South Commons) is a 8.41 acre property. It was built in 1969 and has an estimate of $116,897.
- 1631 S Michigan Ave #Apt 609, Chicago, IL 60616 (Prairie District) is a 0.66 acre property. It was built in 1911 and has an estimate of $464,900.
- 1631 S Michigan Ave #Apt 610, Chicago, IL 60616 (Prairie District) is a 2 bedroom and 0.66 acre property. It was built in 1911 and has an estimate of $446,743.
- 1631 S Michigan Ave #Apt 505, Chicago, IL 60616 (Prairie District) is a 0.66 acre property. It was built in 1911 and has an estimate of $117,700.
- 1631 S Michigan Ave #Apt 505, Chicago, IL 60616 (Prairie District) is a 1,500 square foot, 2 bedroom, 0.03 acre property. It was built in 1911 and has an estimate of $411,266 with a price per ft² of $274.
- 1601 S Michigan Ave #Apt 101, Chicago, IL 60616 (Prairie District) is a 0.66 acre property. It was built in 1988 and has an estimate of $343,345.
- 11308 S Michigan Ave, Chicago, IL 60628 (Roseland) is a 0.07 acre property.
- 5423 S Michigan Ave #Apt 3s, Chicago, IL 60615 (Washington Park) is a 2 bedroom, 2 bathroom, 0.18 acre property. It was built in 1906 and has an estimate of $167,737.
- 1845 S Michigan Ave #Unit 609, Chicago, IL 60616 (Vue20 Condominiums) is a 0.52 acre property. It was built in 2003 and has an estimate of $265,820.
- 800 N Michigan Ave #Apt 2502, Chicago, IL 60611 (Magnificent Mile) is a 3,000 square foot, 3 bedroom, 5 bathroom, 0.07 acre property. It was built in 1996 and has an estimate of $2,295,000 with a price per ft² of $765.
- 1440 S Michigan Ave #Apt 217, Chicago, IL 60605 (Michigan Avenue Garden Terrace Condominiums / 1430 - 1440 South Michigan) is a 0.81 acre property. It was built in 2000 and has an estimate of $282,500.
- 2901 S Michigan Ave #Apt 1703, Chicago, IL 60616 (South Commons) is a 8.41 acre property. It was built in 1969 and has an estimate of $92,622.
- 1330 S Michigan Ave # 40, Chicago, IL 60605 (Wabash Corridor) is a 0.22 acre property.
- View more properties on Michigan Ave