Commercial > Industrial
Sold
06/26/2017
Sold Price
$7,375,000$12/ft²
465 Cermak Rd
Chicago, IL 60616
- -Bed
- -Bath
- 595,900ft²Living Area
- 1.1acLot Size
- -Pool
- -Car
- 1921Year Built
- -DOM
- 10Permits
465 Cermak Rd, Chicago, IL 60616 is a 595,900 ft² commercial industrial property property built in 1921 on a 1.080 acre lot with 10 construction permits. This commercial industrial property is currently off market, and it was last sold in 2017 for $7,375,000.
Permits
465 Cermak Rd has 10 permit records of total value of $1,891,576.
Permit History
10
Permits
$1,891,576
Total Permit Value
September 24, 2018
Description: Remove and replace existing windows on all elevations (166 windows) to existing 5-story business use building as per plansJob Value: $1,500,000Status: issuedType: Renovation/alterationBusiness Name: AW Group INC; Birazzi John N; Burnham Nationwide INCApplicant: Sky River LLCFees: $4,266Effective Date: 2018-09-24Permit Number: 100780729
June 12, 2018
Description: Removal of fire escape at an existing 5-story warehouse building as per plansJob Value: $15,000Status: issuedType: Renovation/alterationBusiness Name: AW Group INC; Dubin Peter ArthurApplicant: Sky River LLCFees: $1,041Effective Date: 2018-06-12Permit Number: 100739711
March 14, 2018
Description: Engineer labor and material to insall an electric overhead traction passenger elevator per attached drawings and proposal. Capacity 4, 500lbs speed 350 fpm serving b, 1-5 per the request administrative relief for pit depth approved documents attached to the approved plans. Pursuant to the plans proposals and alternative code approval request. Pursuant to plans submitted and decommsion permit #100750519.ev000859Job Value: $297,575Status: issuedType: Elevator equipmentBusiness Name: Anderson ElevatorApplicant: Sky River Development, LLCFees: $300Effective Date: 2018-03-14Permit Number: 100750528
March 14, 2018
Description: Decommission and completely remove one (1) 4000lb.cap car switch operated geared traction south east (se) freight elevator clearing the hoistway to accomidate modification for a installation of a new passenger elevator. Pursuant to the scope of work submitted. Ev000859Job Value: $24,000Status: issuedType: Elevator equipmentBusiness Name: Anderson ElevatorApplicant: Sky River Development, LLCFees: $150Effective Date: 2018-03-14Permit Number: 100750519
November 14, 2016
Description: Replace roof (no mep) (no structural work)- all work same as existing; subject to field inspectionsJob Value: $45,000Status: issuedType: Easy permit processApplicant: Ronald FinlayFees: $525Effective Date: 2016-11-14Permit Number: 100679428
October 5, 2016
Description: 200 amp temporary serviceJob Value: $1,500Status: issuedType: Electric wiringBusiness Name: J&M Wiring LTDFees: $300Effective Date: 2016-10-05Permit Number: 100673084
September 27, 2016
Description: To provide one(1) 200a 120/240 volt 1-ph 3w temporary service for construction.one(1) meter onlyJob Value: $3,500Status: issuedType: Electric wiringBusiness Name: Newtech Engineering LTDFees: $150Effective Date: 2016-09-27Permit Number: 100671696
July 20, 2016
Description: Wreck and remove a metal water tank on the roof. Base structure to remainJob Value: $1Status: issuedType: Wrecking/demolitionBusiness Name: KLF ExcavatingApplicant: Coru 465 LLCFees: $500Effective Date: 2016-07-20Permit Number: 100652242
September 24, 2014
Description: Replace damaged meter socket on 800 a 240 volts 3 wire main distribution panel on first floor (existing service)Status: issuedType: Electric wiringFees: $40Effective Date: 2014-09-24Permit Number: 98416
January 14, 2010
Description: Area of work appx 400 sq ft: masonry repairs: spot tuckpoint as needed replace missing bricks as needed. Repair step crack (no structural work)- all work same as existing; subject to field inspectionsJob Value: $5,000Status: issuedType: Easy permit processBusiness Name: European Quality TuckpointingApplicant: Dimpas Group LLCFees: $375Effective Date: 2010-01-14Permit Number: 100326911
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$163,133.09From latest Total Assessed Value20.11%Total Assessed Value$811,241=Land+
Assessed Value$104,224Additions
Assessed Value$707,017
In 2021, taxes billed for 465 Cermak Rd were $163,133.09, which is 20.11% from latest Total Assessed Value of $811,241.
Property History
465 Cermak Rd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 465 Cermak Rd
Hazard Risks
Tornado210Wind156Hail152Particulates135Weather108Ozone104Carb Mono102Air Pollution101Nat'l Avg100Lead54Earthquake45Hurricane14
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 465 Cermak Rd.
Walkability Index
19 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
465 Cermak Rd 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 465 Cermak Rd, 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 465 Cermak Rd
Public Schools
Healy Elementary School
Grades: PK-8
0.90 mi
A
Tilden Career Community Academy High School
Grades: 9-12
3.10 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 465 Cermak Rd have ratings undefined, and undefined.
Neighborhood
This property is located in Chinatown, Chicago, IL 60616.
Seasonal Housing units 60616
8%of housing is for seasonal rent.
Daytime Population for 60616
+12%of people during work hours.
Boundary map of Chinatown.
Crime Index for 60616
143
143
The crime index in 60616 is 143, which is 1.4 times higher than national average.
Market Trends
Historical market data near 465 Cermak Rd over selected time period.
Nearby Properties on Cermak Rd
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