Commercial > Mixed Use
Sold
01/16/2013
Sold Price
$4,367,000$287/ft²
531 Wells St
Chicago, IL 60654
- -Bed
- -Bath
- 15,200ft²Living Area
- 3,898ft²Lot Size
- -Pool
- -Car
- 1891Year Built
- -DOM
- 6Permits
531 Wells St, Chicago, IL 60654 is a 15,200 ft² commercial mixed use property property built in 1891 on a 0.089 acre lot with 6 construction permits. This commercial mixed use property is currently off market, and it was last sold in 2013 for $4,367,000.
Permits
531 Wells St has 6 permit records of total value of $1,237,126.
Permit History
6
Permits
$1,237,126
Total Permit Value
May 24, 2023
Description: 2019 cbc self cert interior alterations to existing restaurant no change of use as per plansJob Value: $800,000Status: issuedType: Renovation/alterationBusiness Name: 41 North Contractors LLC; Columbia Sheet Metal; Cynthia Inch INC; DNR Electrical ContractorsApplicant: Peter L. SlavenFees: $3,030Effective Date: 2023-05-24Permit Number: 101010959
January 25, 2019
Description: Per asif:tear off the existing siding and sheating and reclad the bay windows in architical panels per drawingsJob Value: $130,000Status: issuedType: Easy permit processBusiness Name: Cornerstone Permit Company; Stuckey Construction CompanyFees: $575Effective Date: 2019-01-25Permit Number: 100802407
December 28, 2011
Description: Illuminated blade sign on the corner of the buildingJob Value: $5,000Status: issuedType: SignsBusiness Name: Depaul Electric Services INC; South Water SignsFees: $300Effective Date: 2011-12-28Permit Number: 100385112
January 27, 2011
Description: Change of contractor to existing permit #100360971Job Value: $1Status: issuedType: Electric wiringBusiness Name: RDK Electric INCFees: $50Effective Date: 2011-01-27Permit Number: 100380036
October 19, 2010
Description: Renovation of existing 1 story + basement restaurant use in existing building. Per arch plans. Replace existing lintels in south elevation. Conditional permit subject to field inspectionJob Value: $300,000Status: issuedType: Renovation/alterationBusiness Name: Brennan Masonry Company; DCL Electric; ML Development Group LLC; Soukup Plumbing INCApplicant: Robert KatzFees: $1,384Effective Date: 2010-10-19Permit Number: 100360971
August 26, 2010
Description: Replace drywall throughout with electricalJob Value: $2,125Status: issuedType: Easy permit processBusiness Name: DCL Electric; ML Development Group LLCApplicant: 531 Restaurant GroupFees: $200Effective Date: 2010-08-26Permit Number: 100360512
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$52,229.30From latest Total Assessed Value20.11%Total Assessed Value$259,730=Land+
Assessed Value$77,960Additions
Assessed Value$181,770
In 2021, taxes billed for 531 Wells St were $52,229.3, which is 20.11% from latest Total Assessed Value of $259,730.
Property History
531 Wells St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 531 Wells St
Hazard Risks
Tornado206Wind153Hail142Particulates141Weather107Ozone106Air Pollution102Nat'l Avg100Carb Mono100Lead59Earthquake43Hurricane12
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 531 Wells St.
Walkability Index
19 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
531 Wells St 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 531 Wells St, temperatures range from 19.86°F to 33.94°F with an average of 26.9°F. In the summer, the temperature ranges from 62.53°F to 80.77°F with and average of 71.65°F.
School Information
Public/private schools serving 531 Wells St
Public Schools
Ogden Elementary School
Grades: KG-8
0.63 mi
D+
Wells Community Academy High School
Grades: 9-12
1.85 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 531 Wells St have ratings undefined, and undefined.
Neighborhood
This property is located in Near North Side, Chicago, IL 60654.
Seasonal Housing units 60654
27%of housing is for seasonal rent.
Daytime Population for 60654
+298%of people during work hours.
Boundary map of Near North Side.
Crime Index for 60654
167
167
The crime index in 60654 is 167, which is 1.7 times higher than national average.
Market Trends
Historical market data near 531 Wells St over selected time period.
Nearby Properties on Wells St
- 433 N Wells St, Chicago, IL 60654 (433 North Wells Condominiums) is a 0.13 acre property. It was built in 1997 and has an estimate of $97,380.
- 433 N Wells St, Chicago, IL 60654 (433 North Wells Condominiums) is a 2,400 square foot, 3 bedroom, 3.25 bathroom, 0.13 acre property. It was built in 1997 and has an estimate of $96,920 with a price per ft² of $40.
- 1212 N Wells St #Apt 1201, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $532,905.
- 1212 N Wells St #Apt 1203, Chicago, IL 60610 (Old Town) is a 1,041 square foot, 1 bedroom, 2 bathroom, 0.02 acre property. It was built in 1997 and has an estimate of $415,686 with a price per ft² of $399.
- 1212 N Wells St #Apt 1501, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $521,339.
- 1214 N Wells St # 1503, Chicago, IL 60610 (Old Town) is a 1,000 square foot, 1 bedroom, 2 bathroom, 0.02 acre property. It was built in 1997 and has an estimate of $435,135 with a price per ft² of $435.
- 1212 N Wells St #Apt 1505, Chicago, IL 60610 (Old Town) is a 1,401 square foot, 2 bedroom, 0.03 acre property. It was built in 1997 and has an estimate of $547,367 with a price per ft² of $391.
- 1212 N Wells St #Apt 1601, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $539,977.
- 1212 N Wells St #Apt 1603, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $405,000.
- 1212 N Wells St #Apt 203, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $110,100.
- 1212 N Wells St, Chicago, IL 60610 (Old Town) is a 4 bedroom, 5.25 bathroom, 0.65 acre property. It was built in 1997 and has an estimate of $212,100.
- 1212 N Wells St #Apt 306, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $105,300.
- 1212 N Wells St #Apt 1201, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $107,700.
- 1212 N Wells St #Apt 204, Chicago, IL 60610 (Old Town) is a 1,250 square foot, 2 bedroom, 2 bathroom, 0.03 acre property. It was built in 1997 and has an estimate of $436,750 with a price per ft² of $349.
- 1212 N Wells St #Apt 504, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $107,800.
- 1212 N Wells St #Apt 705, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $109,100.
- 1212 N Wells St, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $104,800.
- 1212 N Wells St #Apt 806, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $108,300.
- 1212 N Wells St #Apt 905, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $107,800.
- 1212 N Wells St #Apt 405, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $107,400.
- 1212 N Wells St #Apt 1503, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $19,768.
- 1212 N Wells St #Apt 1105, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $106,100.
- 1212 N Wells St #Apt 506, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $104,800.
- 1212 N Wells St #Apt 1205, Chicago, IL 60610 (Old Town) is a 0.65 acre property. It was built in 1997 and has an estimate of $108,300.
- 701 S Wells St #Apt 801, Chicago, IL 60607 (River South) is a 1,300 square foot, 2 bedroom, 0.38 acre property. It was built in 2000 and has an estimate of $391,523 with a price per ft² of $301.
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