Chicago  »  60611  »  Near North Side

55 East Erie Street, Chicago, IL 60611

Near North Side, Central Chicago, Chicago
Building in Near North Side
16 Stories
Built in 1929
55 E Erie Street - Photo 1
55 E Erie Street, Apt 5001
Near North Side, Central Chicago, Chicago
$15,000
|
3 Bed
|
3 Bath
By Karen Peterson
Welcome to 55 East Erie Street, a building located in Near North Side, 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 1929. This is a relatively tall building with a total of 16 floors. Finally, 55 East Erie Street was most recently sold on Jun 8, 2018 for $83,141,500. The market value for the land that the building sits on has been listed at $4,502,024. In addition, improvements upon the building have an added value of $31,265,504. In total, the total market value of the property as a whole is $35,767,528. According to local assessors, the total value of the building is currently valued at $8,941,882. Specifically, the value of the land that the property sits on has been assessed at $1,125,506. 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.
Facts
General
Year Built
1929
Effective Year Built
1929
Building Count
1
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
unknown
Building Style
High-rise
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
16
Living Units
330
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Commercial
Subdivision
RYERSONS SUB/BL 28
Land Acres
0.376
Standard Land Use Code
Motel
County Land Use Code
unknown
Ownership
Current Owner
CHICAGO HOTEL FEE LLC
Current Owner's Name
CHICAGO HOTEL FEE LLC
Previous Owner
55 E ONTARIO STREET LLC
Previous Owner's Name
55 E ONTARIO STREET LLC
Owner Address - City
NEW YORK
Owner Address - State
NY
Owner Address - ZIP Code
10022
Owner Before Previous Owner
JAMES HOTEL CHICAGO LLC
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Chicago Public School District 299
Census Tract
081500
Census Block Code
2008
Census Group
2
Census Year
2018
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
170310815002008
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
Census State FIPS
17
Census Tract Code
081500
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
Zoning
Zoning
DX-12
Geography
Assessors Map Reference
1NW-25-04
District
74
Parcel
17-10-116-003-0000
Block
28
Lot
1
Lot Code
unknown
Meridian
SEC 10 TWN 39N RNG 14E
Municipality
NORTH CHICAGO
Latitude
41.8931
Longitude
-87.6258
FIPS
17031
Mailing Carrier Code
C311
Mailing Full Street Address
320 PARK AVE FL 14
Mailing House Number
320
Mailing Street Mode
AVE
Mailing Street
PARK
Mailing Unit Number
14
Mailing Unit Type
FL
Mailing 4-Digit Zip Code
6815
Old APN
17-10-116-003-0000
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-04-01 17:04:09
UCID Flag
C
More About The Building
In total, the building area is listed as 6,400 square feet. 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 55 East Erie Street 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 Near North Side area have a median price of $2,998. Those in the 25th percentile, have a price around $2,200. While those in the 75th percentile, have a price around $4,425. Typically, the buildings in this area have a median sqft of 1,045. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $3. While the price per sqft for buildings in the 75th percentile is $4. As a breakdown, we've included the following stats:

  • There are currently a total of 44 studio listings. The median price for these types of listings is $1,728. That's $3.55 price per sqft.

  • There are currently a total of 144 one bedroom listings. The median price for these types of listings is $2,300. That's $3.03 price per sqft.

  • There are currently a total of 112 two bedroom listings. The median price for these types of listings is $3,750. That's $2.98 price per sqft.

  • There are currently a total of 59 three bedroom listings. The median price for these types of listings is $6,750. That's $3.46 price per sqft.

  • There are currently a total of 13 four bedroom listings. The median price for these types of listings is $8,950. That's $2.88 price per sqft.
About The Area
55 East Erie Street 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.

$1,728
Studio Median Rent
$2,300
1BR Median Rent
$3,750
2BR Median Rent
$6,750
3BR Median Rent
PUBLIC TRANSIT
125
Ontario & Wabash (Under 500 ft - 3 min walk)
Chicago Transit Authority
3
10
151
26
125
143
146
147
148
Michigan & Erie (Under 500 ft - 3 min walk)
Chicago Transit Authority
850
851
855
Michigan/Ontario (580 ft - 3 min walk)
PACE
36
State & Ontario (580 ft - 3 min walk)
Chicago Transit Authority
3
10
151
26
125
143
146
147
148
Michigan & Ontario (580 ft - 3 min walk)
Chicago Transit Authority

Nearby Schools

(within attendance boundary)
Ogden Elem School  •  0.47 mi
24 W Walton St, Chicago, IL 60610
Public  •  Elementary  •  Grades PK to 8
Chicago Public School District 299
LEARN Chtr - Middle School  •  3.94 mi  
Charter
3021 W Carroll Ave, Chicago, IL 60612
Public  •  Middle School  •  Grades 6 to 8
Chicago Public School District 299
936 N Ashland Ave, Chicago, IL 60622
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.
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