Commercial > Hospitality
Sold
06/11/2007
Sold Price
$3,800,000$121/ft²
28 Franklin St
Chicago, IL 60606
- -Bed
- -Bath
- 31,328ft²Living Area
- 8,050ft²Lot Size
- -Pool
- -Car
- 1891Year Built
- -DOM
- 20Permits
28 Franklin St, Chicago, IL 60606 is a 31,328 ft² commercial hospitality property property built in 1891 on a 0.185 acre lot with 20 construction permits. This commercial hospitality property is currently off market, and it was last sold in 2007 for $3,800,000.
Permits
28 Franklin St has 20 permit records of total value of $3,022,998.
Permit History
20
Permits
$3,022,998
Total Permit Value
March 25, 2020
Description: Replace the hoist ropes on three (3) 3000lb.cap 17-floor 150 fpm geared traction passenger elevators #e1 #e2 & #e3. Pursuant to the scope of work submitted. 100551136Job Value: $37,000Status: issuedType: Elevator equipmentBusiness Name: Kone Elevator CompanyApplicant: Oto DevelopmentFees: $450Effective Date: 2020-03-25Permit Number: 100868674
January 13, 2016
Description: Installation of (1) sets of internally illuminated channel letters to be mounted on the south side of the canopyJob Value: $4,600Status: issuedType: SignsBusiness Name: Doyle Sigins INCApplicant: Palmetto Hospitality of Chicag Palmetto Hospitality of ChicagFees: $300Effective Date: 2016-01-13Permit Number: 100587215
January 13, 2016
Description: Installation of (1) sets of internally illuminated channel letters to be mounted on the north side of the canopyJob Value: $4,600Status: issuedType: SignsBusiness Name: Doyle Sigins INCApplicant: Palmetto Hospitality of Chicag Palmetto Hospitality of ChicagFees: $300Effective Date: 2016-01-13Permit Number: 100579720
May 14, 2015
Description: Revision to permit #100526624 to addition twenty refrigerated appliances 6-ice makers, 1-r.i.freezer 1-r.i. Refrigerator 1-sandwich refrigerator, 2- work top refrigerators 3- drop in frost top , 1- drop in cold pan, , five remote condensing units serving back bar refrigerators, W.I. Cooler, w.i. Freezer merchandiserStatus: issuedType: Easy permit processBusiness Name: Advanced MechanicalApplicant: Hyatt Place Hyatt PlaceFees: $6,000Effective Date: 2015-05-14Permit Number: 100595198
April 23, 2015
Description: Installation of (1) set of internally illuminated channel letters to be mounted to the top of the tower on the south elevationJob Value: $4,600Status: issuedType: SignsBusiness Name: Doyle Sigins INCApplicant: Palmetto Hospitality of Chicag Palmetto Hospitality of ChicagFees: $400Effective Date: 2015-04-23Permit Number: 100579723
April 1, 2015
Description: Installation of (1) internally illuminated wall mounted sign to be mounted to the front elevation of the hotelJob Value: $4,600Status: issuedType: SignsBusiness Name: Doyle Sigins INCApplicant: Palmetto Hospitality of Chicag Palmetto Hospitality of ChicagFees: $250Effective Date: 2015-04-01Permit Number: 100579722
October 7, 2014
Description: Erect 1 scaffold from 10/8/2014 to 10/8/2015Job Value: $1Status: issuedType: ScaffoldingBusiness Name: Construction Service AssociateApplicant: Oto DevelopmentFees: $100Effective Date: 2014-10-07Permit Number: 100564448
October 1, 2014
Description: Installation of entry way canopy and entry way sliding glass door for 17-story hotel with basement per planJob Value: $150,000Status: issuedType: Renovation/alterationBusiness Name: Advance Mechanical; Bonus Electric; Burnham Nationwide INC; Lend Lease (us) ConstructionApplicant: Palmetto Hospitallity of Chica Ziggy ClaytonFees: $825Effective Date: 2014-10-01Permit Number: 100551601
September 22, 2014
Description: Low voltage temperature controlJob Value: $126,000Status: issuedType: Electric wiringBusiness Name: Integrated Control TechnologieFees: $300Effective Date: 2014-09-22Permit Number: 100561697
September 11, 2014
Description: Erect 1 scaffold from 9/11/14 to 9/11/15Job Value: $1Status: issuedType: ScaffoldingApplicant: Palmetto Hospitality Group LLCFees: $100Effective Date: 2014-09-11Permit Number: 100559912
July 21, 2014
Description: Furnish and install three monspace elevators #e1 4000lb.cap. 18-stops 21-openings, 350fpm C.O. Doors, 6-13mm cables. #e2 #e3 3500lb.cap. 18-stops/openings 350fpm c.o.doors 6-13mm cables. Pursuant to plans submittedJob Value: $910,000Status: issuedType: Elevator equipmentBusiness Name: Kone Elevator CompanyApplicant: Oto Development CorpFees: $1,975Effective Date: 2014-07-21Permit Number: 100551136
July 18, 2014
Description: Revision to permit #100526624- 17 story hotel- changing from mild steel to concrete construction to post tensioning concrete construction on floors 3 to roof; changing 4 pipe mechanical system to hybrid heat pump system. -28 north franklin streetJob Value: $1,500,000Status: issuedType: Renovation/alterationBusiness Name: Adjustable Forms INC; Advance Mech Systmes; Bonus Electric; Lend Lease (us) ConstructionApplicant: Oto Development LLCFees: $17,718Effective Date: 2014-07-18Permit Number: 100550897
May 28, 2014
Description: Installation of (1) 7000# cap 17-stop temporary personnel hoist pursuant to plans submittedJob Value: $60,000Status: issuedType: Elevator equipmentBusiness Name: Safway Atlantic LLCApplicant: Hyatt Place, Ziggy ClaytonFees: $960Effective Date: 2014-05-28Permit Number: 100542785
May 22, 2014
Description: Erect temporary construction hoist: tornborg single car fc-7000 (7, 000 lbs. Capacity per car) hoist tower as per plansJob Value: $60,000Status: issuedType: New constructionBusiness Name: Adjustable Forms INC; Kohout Christopher; Lend Lease (us) ConstructionApplicant: Ziggy ClaytonFees: $375Effective Date: 2014-05-22Permit Number: 100533753
May 2, 2014
Description: Change to permit #100526624. Changing permitted electrical service size from 2500 amps down to 2000 ampsJob Value: $100Status: issuedType: Electric wiringBusiness Name: Bonus ElectricFees: $100Effective Date: 2014-05-02Permit Number: 100538776
April 29, 2014
Description: Temporary electrical service for constructionJob Value: $500Status: issuedType: Electric wiringBusiness Name: Bonus ElectricFees: $150Effective Date: 2014-04-29Permit Number: 100536926
February 7, 2014
Description: Phase 1: foundation set-up and operation of manitowoc mr415 temporary tower crane as per plansJob Value: $60,000Status: issuedType: New constructionBusiness Name: Adjustable Forms INC; Kohout Christopher; Lend Lease (us) ConstructionApplicant: Ziggy ClaytonFees: $375Effective Date: 2014-02-07Permit Number: 100524593
February 6, 2014
Description: New construction of a 17 story hotel with basement 1st floor lobby/bar 2nd floor amenities and guestrooms on floors 3-16 28 north franklinStatus: issuedType: New constructionBusiness Name: Adjustable Forms INC; Advance Mech Systmes; Bonus Electric; Lend Lease (us) ConstructionApplicant: Oto Development LLCFees: $22,703Effective Date: 2014-02-06Permit Number: 100526624
August 30, 2012
Description: Install for sale sign on postsJob Value: $996Status: issuedType: SignsBusiness Name: DON Meyers/vital SignsFees: $600Effective Date: 2012-08-30Permit Number: 100447072
January 2, 2007
Description: Revision to permit #20331036 for interior alterations as per plansJob Value: $100,000Status: issuedType: Renovation/alterationBusiness Name: Burnham Nationwide INC; G&H Developers Corporation; Mangurten David; Midwestern Electric CO INCApplicant: Amalgamated Bank of Chicago as Trustee Under Trust AgmtFees: $4,104Effective Date: 2007-01-02Permit Number: 100138178
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$805,432.44From latest Total Assessed Value20.11%Total Assessed Value$4,005,317=Land+
Assessed Value$855,312Additions
Assessed Value$3,150,005
In 2021, taxes billed for 28 Franklin St were $805,432.44, which is 20.11% from latest Total Assessed Value of $4,005,317.
Property History
28 Franklin St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 28 Franklin St
Hazard Risks
Tornado214Wind152Hail148Particulates137Weather105Air Pollution104Ozone102Nat'l Avg100Carb Mono100Lead56Earthquake42Hurricane16
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 28 Franklin St.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
28 Franklin 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 28 Franklin St, temperatures range from 19.97°F to 34.01°F with an average of 26.99°F. In the summer, the temperature ranges from 62.58°F to 80.79°F with and average of 71.69°F.
School Information
Public/private schools serving 28 Franklin St
Public Schools
Phillips Academy High School
Grades: 9-12
4.11 mi
F
South Loop Elementary School
Grades: PK-8
1.16 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 28 Franklin St have ratings undefined, and undefined.
Neighborhood
This property is located in Loop, Chicago, IL 60606.
Seasonal Housing units 60606
18%of housing is for seasonal rent.
Daytime Population for 60606
+730%of people during work hours.
Boundary map of Loop.
Crime Index for 60606
170
170
The crime index in 60606 is 170, which is 1.7 times higher than national average.
Market Trends
Historical market data near 28 Franklin St over selected time period.
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