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116 N Jefferson St; Chicago, IL Property Details

116 N Jefferson St, Chicago, IL is a Motel that was built in 2014. This property is currently a cash purchase and is not for sale. Our records show that 116 N Jefferson St has a total of 303,496 square feet. The lot size of 116 N Jefferson St is 27,300 square feet.

Off market
108 N Jefferson St Chicago, IL 60661
$8,480,500 Estimated Value
303,496 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 2014
  • Purchase Price: $10,000,000
  • APN: 17-09-331-021-0000
  • Situs County: Cook
  • Length Of Ownership: 11 years, 4 months

Measurements

  • Total: 303,496/SqFt
  • Lot: 27,300/SqFt
  • Gross: 303,496/SqFt
  • Living: 303,496/SqFt
  • Building: 303,496/SqFt
  • Price Per Square Foot: $32.95
Building Insights

Land Information

  • Property Type: Motel
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chicago Public School District 299
  • Lat / Lon: 41.88374 / -87.64314
  • Subdivision: Chicago
  • Property Class: Commercial
  • Zoning: DC-12
  • County Use Code: 5-29

Amenities

  • Plus Four: 2307

Ownership Info

108 N Jefferson St has no associated ownership info
108 N Jefferson St has no associated ownership info.

Taxes

108 N Jefferson St has 10 associated Taxes items

116 N Jefferson St, Chicago, IL pays taxes in Cook County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $8,480,500. The APN we've located for 116 N Jefferson St is 17-09-331-021-0000.

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Taxes
  • Assessed Value:  $8,480,500
  • Assessed Year:  2025
  • Assessed County:  Cook
  • APN:  17-09-331-021-0000
  • Assessed Land Value:  682500
  • Market Land Value:  2730000
  • Tax Amount:  1710096.38
  • Tax Year:  2024
  • Market Value:  33922000
  • Market Year:  2025

Tax History

108 N Jefferson St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $8,480,500 Land Value $682,500 Improvement Value $7,798,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,710,096.38 Change Rate -0.161467% Assessed CR Tax Rate
Year 2023 Assessed Value Land Value Improvement Value Tax Amount $2,039,391 Change Rate +0.025826% Assessed CR Tax Rate
Year 2022 Assessed Value $9,632,762 Land Value $588,656 Improvement Value $9,044,106 Tax Amount $1,988,047.5 Change Rate +0.749325% Assessed CR Tax Rate +0.206384%
Year 2021 Assessed Value $5,632,998 Land Value $588,656 Improvement Value $5,044,342 Tax Amount $1,136,465.25 Change Rate -0.066943% Assessed CR Tax Rate +0.201751%
Year 2020 Assessed Value $5,449,416 Land Value $588,656 Improvement Value $4,860,760 Tax Amount $1,218,002 Change Rate -0.476888% Assessed CR Tax Rate +0.223511%
Year 2019 Assessed Value $11,550,465 Land Value $588,656 Improvement Value $10,961,809 Tax Amount $2,328,378.25 Change Rate +0.017202% Assessed CR Tax Rate +0.201583%
Year 2018 Assessed Value $11,550,465 Land Value $588,656 Improvement Value $10,961,809 Tax Amount $2,289,002.75 Change Rate +0.133365% Assessed CR Tax Rate +0.198174%
Year 2017 Assessed Value $9,349,791 Land Value $511,875 Improvement Value $8,837,916 Tax Amount $2,019,652.62 Change Rate +48.248913% Assessed CR Tax Rate +0.21601%
Year 2016 Assessed Value $204,750 Land Value $204,750 Improvement Value Tax Amount $41,009.08 Change Rate -0.316148% Assessed CR Tax Rate +0.200289%
Year 2015 Assessed Value $327,253 Land Value $281,530 Improvement Value $45,723 Tax Amount $59,967.79 Change Rate -0.295081% Assessed CR Tax Rate +0.183246%
Year 2014 Assessed Value $458,506 Land Value $234,438 Improvement Value $224,068 Tax Amount $85,070.45 Change Rate Assessed CR Tax Rate +0.185538%
Year 2013 Assessed Value $458,506 Land Value $234,438 Improvement Value $224,068 Tax Amount Change Rate Assessed CR Tax Rate