Chicago  »  60661  »  West Loop

552 West Madison Street, Chicago, IL 60661

West Loop, Central Chicago, Chicago
Building in West Loop
Built in 2002
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Welcome to 552 West Madison Street, a building located in West 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 2002. The market value for the land that the building sits on has been listed at $252,000. In addition, improvements upon the building have an added value of $3,742,544. In total, the total market value of the property as a whole is $3,994,544. According to local assessors, the total value of the building is currently valued at $998,636. Specifically, the value of the land that the property sits on has been assessed at $63,000. The building was last assessed in 2022.

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
2002
Effective Year Built
2002
Building Count
1
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
unknown
Building Style
Unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
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
SUBDIVISION OF LT9 & LT8 EXN40 FT IN B
Land Acres
0.48
Standard Land Use Code
Commercial building
County Land Use Code
unknown
Legal Description 1
(SUBDIVISION) OF LT9 & LT8 EXN40 FT IN BLK49 OF ORIGI NAL TOWN OF CHGO IN SE & SW SEC 09-39-14
Ownership
Current Owner's Name
540 W MADISON OWNER LL
Owner Address - City
CHICAGO
Owner Address - State
IL
Owner Address - ZIP Code
60661
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Chicago Public School District 299
Census Tract
280100
Census Block Code
2021
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
170312801002021
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
280100
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
PD 779
Geography
Assessors Map Reference
1NW-74-02
District
77
Parcel
17-09-341-018-0000
Block
49
Lot
8,9
Lot Code
unknown
Meridian
SEC 09 TWN 39N RNG 14E
Municipality
WEST CHICAGO
Latitude
41.8821
Longitude
-87.6418
FIPS
17031
Mailing Carrier Code
C045
Mailing Street Direction
W
Mailing Full Street Address
540 W MADISON ST
Mailing House Number
540
Mailing Street Mode
ST
Mailing Street
MADISON
Mailing 4-Digit Zip Code
2591
Old APN
17-09-341-018-0000
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-02-01 22:27:54
UCID Flag
C
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 552 West Madison 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 West Loop area have a median price of $2,750. Those in the 25th percentile, have a price around $1,850. While those in the 75th percentile, have a price around $3,000. Typically, the buildings in this area have a median sqft of 1,111. 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 $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 no studio listings being advertised in the area.
  • There are currently a total of 12 one bedroom listings. The median price for these types of listings is $2,350. That's $3.19 price per sqft.

  • There are currently a total of 4 two bedroom listings. The median price for these types of listings is $3,125. That's $2.69 price per sqft.

  • There is currently a single advertised three bedroom listing.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
552 West Madison 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.

-
Studio Median Rent
$2,350
1BR Median Rent
$3,125
2BR Median Rent
-
3BR Median Rent
PUBLIC TRANSIT
192
Clinton & Madison (Under 500 ft - 3 min walk)
Chicago Transit Authority
60
124
157
125
130
Clinton & Madison (Under 500 ft - 3 min walk)
Chicago Transit Authority
20
56
192
J14
Madison & Clinton (Under 500 ft - 3 min walk)
Chicago Transit Authority
20
J14
Madison & Jefferson (Under 500 ft - 3 min walk)
Chicago Transit Authority
UP-N
UP-NW
UP-W
Chicago OTC (Under 500 ft - 3 min walk)
Metra

Nearby Schools

(within attendance boundary)
Skinner Elem School  •  0.93 mi
111 S Throop St, Chicago, IL 60607
Public  •  Elementary  •  Grades PK to 8
Chicago Public School District 299
LEARN Chtr - Middle School  •  3.12 mi  
Charter
3021 W Carroll Ave, Chicago, IL 60612
Public  •  Middle School  •  Grades 6 to 8
Chicago Public School District 299
Wells Community Academy HS  •  1.78 mi
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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