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Commercial > Office
Sold
03/09/2005
Sold Price
$7,458,500$9/ft²

408 Michigan Ave
Chicago, IL 60605

  • -
    Bed
  • -
    Bath
  • 845,200
    ft²
    Living Area
  • 4,572
    ft²
    Lot Size
  • -
    Pool
  • -
    Car
  • 1925
    Year Built
  • -
    DOM
  • 11
    Permits
408 Michigan Ave, Chicago, IL 60605 is a 845,200 ft² commercial office property property built in 1925 on a 0.105 acre lot with 11 construction permits. This commercial office property is currently off market, and it was last sold in 2005 for $7,458,500.

    Permits

    408 Michigan Ave has 11 permit records.

    Permit History
    11
    Permits

    Current Ownership

    Information about the current owner(s).

    • Taxes Billed

      Taxes billed in 2022$147,190.98
      From latest Total Assessed Value20.57%
      Total Assessed Value$715,623
      =
      Land
      Assessed Value      $314,325
      +
      Additions
      Assessed Value      $401,298

      • In 2022, taxes billed for 408 Michigan Ave were $147,190.98, which is 20.57% from latest Total Assessed Value of $715,623.

    Property History

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

    Property Events

    Environment

    Environmental factors around 408 Michigan Ave

    • Hazard Risks

      Tornado
      203
      Hail
      158
      Wind
      157
      Particulates
      136
      Ozone
      105
      Carb Mono
      104
      Weather
      104
      Nat'l Avg
      100
      Air Pollution
      98
      Lead
      53
      Earthquake
      43
      Hurricane
      10

      • 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 408 Michigan Ave.

      Walkability Index

      19 /20

      Most Walkable

      Most Walkable

      20-18

      Very Walkable

      17-15

      Somewhat Walkable

      14-10

      Car Dependent

      9-0

      408 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

      27 °F

      Low

      20°F

      High

      34°F

      Summer
      Average

      72 °F

      Low

      63°F

      High

      81°F

      In the winter at 408 Michigan Ave, 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 408 Michigan Ave

      Public Schools

      Phillips Academy High School
      Grades: 9-12
      3.62  mi
      F
      South Loop Elementary School
      Grades: PK-8
      0.72  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 408 Michigan Ave have ratings undefined, and undefined.

    Neighborhood

    This property is located in Loop, Chicago, IL 60605.

    • Region

      • Boundary map of Loop.

      Crime Index for 60605

      160

      High Crime Index
      160

      The crime index in 60605 is 160, which is 1.6 times higher than national average.

    • Seasonal Housing units 60605

      15%

      of housing is for seasonal rent.

      Daytime Population for 60605

      +91%

      of people during work hours.

    Market Trends

    Historical market data near 408 Michigan Ave over selected time period.

    Nearby Properties on Michigan Ave

    USAILCook CountyChicagoMichigan Ave