Commercial > Multi-family / Apartments
Sold
12/08/2021
Sold Price
$12,400,000$--/ft²
862 Franklin St
Chicago, IL 60610
- -Bed
- -Bath
- -Living Area
- 2,500ft²Lot Size
- -Pool
- -Car
- 1979Year Built
- -DOM
- 5Permits
862 Franklin St, Chicago, IL 60610 is a multi-family/apartments property built in 1979 on a 0.057 acre lot with 5 construction permits. This multi-family/apartments is currently off market, and it was last sold in 2021 for $12,400,000.
Permits
862 Franklin St has 5 permit records of total value of $4,068,354.
Permit History
5
Permits
$4,068,354
Total Permit Value
June 13, 2022
Description: Ground floor lobby alterations and second floor residential unit build-out to create 24th unit in existing 6 story multi-family residential building with 21 car sprinklered garage type ii-a constructionJob Value: $150,000Status: issuedType: Renovation/alterationBusiness Name: Axios Architects & Consultants; Brasero Plumbing & Constructio; DCL Electric; Lutai's Hvac INCApplicant: Ted ThilmanFees: $1,451Effective Date: 2022-06-13Permit Number: 100965705
April 4, 2014
Description: Change of electrical contractor to dexter electric. Original permit number 100498861Job Value: $500Status: issuedType: Electric wiringBusiness Name: Dexter Electric CO INCFees: $100Effective Date: 2014-04-04Permit Number: 100532466
January 29, 2014
Description: Installation of (1) 3500# cap 6-stop traction passenger elevator pursuant to plans submitted. Installation to be made in compliance with 2010 city of chicago elevator codeJob Value: $97,854Status: issuedType: Elevator equipmentBusiness Name: Thyssenkrupp Elevator; TK ElevatorApplicant: Mk Investment PartnersFees: $305Effective Date: 2014-01-29Permit Number: 100525568
October 8, 2013
Description: Erect new 6 story 23 unit building type 1c construction per plans. (caisson permit under permit application #100495257)Job Value: $3,600,000Status: issuedType: New constructionBusiness Name: ACE Construction Corp; Building Permits INC; Domus Plus LLC; JS Home Service INC; Sullivan MarkApplicant: Mk Investment Partners, LLCFees: $22,671Effective Date: 2013-10-08Permit Number: 100498861
August 29, 2013
Description: Caisson permit only as per plansJob Value: $220,000Status: issuedType: New constructionBusiness Name: Building Permits INC; Domus Plus LLC; Wilson Lewis EdwardApplicant: Mk Investment Partners, LLCFees: $1,175Effective Date: 2013-08-29Permit Number: 100495257
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$32,917.36From latest Total Assessed Value20.11%Total Assessed Value$163,694=Land+
Assessed Value$27,500Additions
Assessed Value$136,194
In 2021, taxes billed for 862 Franklin St were $32,917.36, which is 20.11% from latest Total Assessed Value of $163,694.
Property History
862 Franklin St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 862 Franklin St
Hazard Risks
Tornado208Wind153Hail143Particulates142Weather104Air Pollution103Carb Mono101Nat'l Avg100Ozone100Lead55Earthquake39Hurricane15
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 862 Franklin St.
Walkability Index
20 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
862 Franklin St has a walkability score of 20 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 862 Franklin St, temperatures range from 19.85°F to 33.95°F with an average of 26.9°F. In the summer, the temperature ranges from 62.53°F to 80.75°F with and average of 71.64°F.
School Information
Public/private schools serving 862 Franklin St
Public Schools
Jenner Elementary Academy of the Arts
Grades: PK-8
0.69 mi
Wells Community Academy High School
Grades: 9-12
1.66 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 862 Franklin St have ratings undefined, and undefined.
Neighborhood
This property is located in Near North Side, Chicago, IL 60610.
Seasonal Housing units 60610
26%of housing is for seasonal rent.
Daytime Population for 60610
+46%of people during work hours.
Boundary map of Near North Side.
Crime Index for 60610
169
169
The crime index in 60610 is 169, which is 1.7 times higher than national average.
Market Trends
Historical market data near 862 Franklin St over selected time period.
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