1255 South Michigan Avenue, Chicago, IL 60605
South Loop, Central Chicago, Chicago
Nearby Active Listings
Welcome to 1255 South Michigan Avenue, a building located in South Loop, Central Chicago, Chicago in Chicago, IL.
As a quick overview, these are the most up-to-date information we've collected about the property.
The building itself was built in 2004.
Finally, 1255 South Michigan Avenue was most recently sold on Dec 13, 1996 for $1,662,500.
The market value for the land that the building sits on has been listed at $6,025,000.
In addition, improvements upon the building have an added value of $47,080,100.
In total, the total market value of the property as a whole is $53,105,100.
According to local assessors, the total value of the building is currently valued at $5,310,510.
Specifically, the value of the land that the property sits on has been assessed at $602,500.
The building was last assessed in 2023.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Amenities
Doorman
Elevator
Fitness Center
Laundry In Building
Common Outdoor Space
Policies
Cats Allowed
Dogs Allowed
Facts
Effective Year Built
2004
Building Condition
unknown
Construction Type
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Business/Commerical Units Count
415
Building
Property Class
Residential
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
Ownership
Current Owner
THE CHICAGO TRUST COMPANY
Current Owner's Name
FOREST CITY TAX DEPT
Current Owner 2
TRUST #1102934
Previous Owner
AMERICAN NATIONAL BK & TR CO OF CHICAGO
Owner Address - City
CLEVELAND
Owner Address - ZIP Code
44114
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Chicago Public School District 299
Census - Combined Statistical Area - Area Code
176
Census - Combined Statistical Area - Area Name
Chicago-Naperville, IL-IN-WI
Census - County FIPS
17031
Census - Full FIPS
170313301001000
Census - Metropolitan Division - Area Code
16974
Census - Metropolitan Division - Area Name
Chicago-Naperville-Arlington Heights, IL
Census - Metro Micro Statistical Area - Area Code
16980
Census - Metro Micro Statistical Area - Area Name
Chicago-Naperville-Elgin, IL-IN-WI
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
1714000
Census Source
US Census Bureau
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
1709930
School District - Unified - Name
Chicago Public School District 299
Geography
Parcel
17-22-102-024-0000
Municipality
SOUTH CHICAGO
Mailing Carrier Code
C033
Mailing Full Street Address
127 PUBLIC SQ STE 2410
Mailing 4-Digit Zip Code
1218
Old APN
17-22-102-024-0000
Valuation
Timestamp
2024-04-01 16:38:11
More About The Building
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 1255 South Michigan Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the South Loop area have a median price of $2,700.
Those in the 25th percentile, have a price around $2,273.
While those in the 75th percentile, have a price around $3,200.
Typically, the buildings in this area have a median sqft of 1,027.
That means that the median price per sqft is around $2.
In other words, the price per sqft for buildings in the 25th percentile is $2.
While the price per sqft for buildings in the 75th percentile is $3.
As a breakdown, we've included the following stats:
- There are currently a total of 6 studio listings.
The median price for these types of listings is $1,775.
That's $2.73 price per sqft.
- There are currently a total of 47 one bedroom listings.
The median price for these types of listings is $2,200.
That's $2.54 price per sqft.
- There are currently a total of 79 two bedroom listings.
The median price for these types of listings is $2,900.
That's $2.46 price per sqft.
- There are currently a total of 13 three bedroom listings.
The median price for these types of listings is $3,500.
That's $2.15 price per sqft.
- There are currently a total of 2 four bedroom listings.
The median price for these types of listings is $7,500.
That's $2.43 price per sqft.
About The Area
1255 South Michigan Avenue is located in Cook County, Illinois.
There are 5,227,575 people living here.
There are 1,951,606 households.
Most of these households have an average family size of 3.43 people.
According to the census, 43% are currently renting while 57% own their homes.
The median age of this population is around 36.1 years old.
On average, most folks in the county are unmarried.
About 35% of folks speak a language other than English in this area.
The area's employment rate is currently around 59.7%.
Speaking of employment, the median income is $56,902.
Most folks will commute by car for around 32.6 minutes.
Finally, we know that 24% of residents in the area have graduated with their high school degree.
Additionally, 22% and 15% have their Bachelor's and Master's degree, respectfully.
Moving on to the urban area level.
Chicago, IL - IN Urban Area has a population of 8,672,319 people.
Based on census records, there are 3,153,810 registered households.
Families in this area are on average made up of 3.4 people per household.
Most folks are unmarried.
They are also typically around 36.6 years old.
Does diversity matter to you? Right now, 30% of folks speak a language other than English here.
About 37% rent while 63% purchased their homes.
Right now, the community is made up of 24% of residents who have graduated with at least a high school degree.
On top of that, 22% have a Bachelor's degree and 14% have a Master's degree.
The employment rate is currently around 61.2%.
Those employed, have a median income of $63,064.
If you move here, you can expect to commute mostly by car for around 31.5 minutes.
$1,775
Studio Median Rent
PUBLIC TRANSIT
Michigan & 13th Street (Under 500 ft - 3 min walk)
Chicago Transit Authority
Michigan & 13th Street (Under 500 ft - 3 min walk)
Chicago Transit Authority
Indiana & 13th Street (Under 500 ft - 3 min walk)
Chicago Transit Authority
Michigan & Roosevelt (Under 500 ft - 3 min walk)
Chicago Transit Authority
Roosevelt & Michigan/Indiana (Under 500 ft - 3 min walk)
Chicago Transit Authority
Nearby Schools
(within attendance boundary) 1212 S Plymouth Ct, Chicago, IL 60605
Public
•
Elementary
•
Grades KG to 8
Chicago Public School District 299
4444 S Evans Ave, Chicago, IL 60653
Public
•
Middle School
•
Grades 8
Chicago Public School District 299
244 E Pershing Rd, Chicago, IL 60653
Public
•
High School
•
Grades 9 to 12
Chicago Public School District 299
School zoning information and other data are provided by
RealtyHop Schools and 3rd party sources.
The contents of the database are not guaranteed to be accurate or timely.
Contact the schools or districts before making any decisions using on this data.