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Commercial > Retail
Sold
08/19/2022
Sold Price
$1,854,000$113/ft²

2329 Michigan Ave
Chicago, IL 60616

  • -
    Bed
  • -
    Bath
  • 16,400
    ft²
    Living Area
  • 1,598
    ft²
    Lot Size
  • -
    Pool
  • -
    Car
  • 1918
    Year Built
  • -
    DOM
  • 8
    Permits
2329 Michigan Ave, Chicago, IL 60616 is a 16,400 ft² commercial retail property property built in 1918 on a 0.037 acre lot with 8 construction permits. This commercial retail property is currently off market, and it was last sold in 2022 for $1,854,000.

    Permits

    2329 Michigan Ave has 8 permit records of total value of $265,501.

    Permit History
    8
    Permits
    $265,501
    Total Permit Value
    July 2, 2018
    Description: Tear off and replace roofJob Value: $25,000Status: issuedType: Easy permit processApplicant: John Murphy 2329 South Michigan LLCFees: $525Effective Date: 2018-07-02Permit Number: 100770672
    November 26, 2008
    Description: Furnish and install one hydraulic passenger elevator as per plansJob Value: $58,000Status: issuedType: Elevator equipmentBusiness Name: Complete Elevator Service INCApplicant: Tertipis Construction CoFees: $305Effective Date: 2008-11-26Permit Number: 100268215
    September 3, 2008
    Description: Revision to permit # 100220790 to change masonry contractor (beata znalezniak)Job Value: $1Status: issuedType: Easy permit processBusiness Name: Beata ZnalezniakApplicant: Guillermo FontFees: $50Effective Date: 2008-09-03Permit Number: 100255860
    May 2, 2008
    Description: Interior build-out of existing tenant space. Addition of elevator to first second and third floors. Addition of second stair case as secondary means of egressJob Value: $125,000Status: issuedType: Renovation/alterationBusiness Name: ACE Electric; Casey Masonry INC; J&C Sheet Metal CO; Kapche James A; T&A Contruction IncorporateApplicant: Guillermo FontFees: $4,000Effective Date: 2008-05-02Permit Number: 100220790
    August 25, 2006
    Description: Roof repair/replace skylight glass repair/replace only. Exisitng skylight frame to remain unchanged. No other work and no change to existing roofline or facade allowed with this permitJob Value: $45,000Status: issuedType: Easy permit processBusiness Name: Fisher Development IncorporatApplicant: Premier Building LLCFees: $535Effective Date: 2006-08-25Permit Number: 100133296
    March 10, 2006
    Description: Remove replace existing store front window glass, aprox. 22 linear feet and replace one single door and transam. All work same as existing. All work subject to field inspectionJob Value: $10,000Status: issuedType: Easy permit processBusiness Name: Fisher Development IncorporatApplicant: Premier Building, LLCFees: $185Effective Date: 2006-03-10Permit Number: 100100641
    February 27, 2006
    Description: 600a service upgrade.plan# 20517Status: issuedType: Electric wiringBusiness Name: City Service Electric INCFees: $75Effective Date: 2006-02-27Permit Number: 100097671
    January 26, 2006
    Description: Cladding removal only for landmarks approval - facade scope inspection (no other work involved)Job Value: $2,500Status: issuedType: Easy permit processBusiness Name: Fisher Development IncorporatApplicant: Premier LLCFees: $320Effective Date: 2006-01-26Permit Number: 100092015

    Current Ownership

    Information about the current owner(s).

    • Taxes Billed

      Taxes billed in 2021$26,243.45
      From latest Total Assessed Value20.17%
      Total Assessed Value$130,117
      =
      Land
      Assessed Value      $19,975
      +
      Additions
      Assessed Value      $110,142

      • In 2021, taxes billed for 2329 Michigan Ave were $26,243.45, which is 20.17% from latest Total Assessed Value of $130,117.

    Property History

    2329 Michigan Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 2329 Michigan Ave

    • Hazard Risks

      Tornado
      210
      Wind
      156
      Hail
      152
      Particulates
      135
      Weather
      108
      Ozone
      104
      Carb Mono
      102
      Air Pollution
      101
      Nat'l Avg
      100
      Lead
      54
      Earthquake
      45
      Hurricane
      14

      • 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 2329 Michigan Ave.

      Walkability Index

      17 /20

      Very Walkable

      Most Walkable

      20-18

      Very Walkable

      17-15

      Somewhat Walkable

      14-10

      Car Dependent

      9-0

      2329 Michigan Ave has a walkability score of 17 out of 20, which means that it is in a very walkable area.

      Temperature

      Seasonal temperature sampled over multiple years

      Winter
      Average

      27 °F

      Low

      20°F

      High

      34°F

      Summer
      Average

      72 °F

      Low

      63°F

      High

      81°F

      In the winter at 2329 Michigan Ave, temperatures range from 20.14°F to 34.14°F with an average of 27.14°F. In the summer, the temperature ranges from 62.66°F to 80.87°F with and average of 71.77°F.

    School Information

    Public/private schools serving 2329 Michigan Ave

      Public Schools

      Drake Elementary School
      Grades: PK-8
      0.54  mi
      C
      Phillips Academy High School
      Grades: 9-12
      1.79  mi
      F
      * 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 2329 Michigan Ave have ratings undefined, and undefined.

    Neighborhood

    This property is located in South Loop Near South Side, Chicago, IL 60616.

    • Region

      • Boundary map of South Loop / Near South Side.

      Crime Index for 60616

      143

      Above national average
      143

      The crime index in 60616 is 143, which is 1.4 times higher than national average.

    • Seasonal Housing units 60616

      8%

      of housing is for seasonal rent.

      Daytime Population for 60616

      +12%

      of people during work hours.

    Market Trends

    Historical market data near 2329 Michigan Ave over selected time period.

    Nearby Properties on Michigan Ave

    USAILCook CountyChicagoMichigan Ave