1507 W Webster Ave, Chicago, IL 60614 Property Records

Cook County property record for 1507 W Webster Ave, Chicago, IL 60614

Property Summary

Property Type	Vacant Land
Owner	Company Name on File
Last Sale	$83,950,000 (Oct 2025)
Tax Bill	$13,769 (2023)
Deeds & Mortgages	Mar 2026 Mortgage Oct 2025 Sale & Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`14-32-120-012`

Property Details

APN / Parcel Number

Primary APN	`14-32-120-012`
Alternative APN	`14-32-120-012-0000`

Location & Zoning

Street Address	1507 W WEBSTER AVE
City	CHICAGO
State	IL
Zip	60614-3039
Property Category	Vacant Land
Property Type	Vacant Land > Uncategorized
Legal Description	DIST:74 CITY/MUNI/TWP:NORTH CHICAGO
Jurisdiction	COOK IL
Township / Civil Division	CHICAGO
Census Block Group	2
Census Block	2022
Census Tract	832500

Owner

1507 W Webster Ave, vacant land, is owned by a company that bought it in October 2025.

Source: Cook County records, as of October 28, 2025

Owner of Record	Company Name on File
Mailing Address	14 W SUPERIOR ST APT 2300, 2300, CHICAGO, IL 60654-3709
Owner Type	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Mar 20, 2026	Deed of Trust, Mortgage · Commercial Mortgage CIBC BANK USA
Oct 6, 2025	Special Warranty Deed, Transfer · Commercial Mortgage KAREP VII REOC LLC
Mar 28, 2025	Special Warranty Deed, Transfer ATTORNEY ONLY, ATTORNEY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 6, 2025 · Amount on File
Deed Sale	Oct 6, 2025 · Amount on File
Prior Sale	Mar 28, 2025
Deed Document Number	2527924041
Record Updated	Sep 20, 2026

March 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	1507 W WEBSTER AVE, CHICAGO, IL 60614-3039
Transaction Type	Mortgage
Record Updated	May 8, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

Mortgage

Document Number	0007907004
Date	Mar 20, 2026
Instrument	2607907004

Lender

Name	CIBC BANK USA
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

October 2025: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	COOK IL
Recording Date	Oct 6, 2025
Property Address	1507 W WEBSTER AVE, CHICAGO, IL 60614-3039
Document Number	0027924041
Map Reference	DOC 2313113134
Instrument Date	Sep 30, 2025
Instrument	2527924041
Transaction Type	Transfer
Record Updated	May 8, 2026
Title Company	ATTORNEY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$83,950.00
Amount Accuracy	Rounded by County
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	14 W SUPERIOR ST APT 2300, 2300, CHICAGO, IL 60654-3709
Investor	Possibly a Property Investor

Mortgage

Document Number	0027924042
Date	Oct 6, 2025
Instrument	2527924042

Lender

Name	KAREP VII REOC LLC
Type	Non-Lending Institution
Address	CHICAGO, IL 60614

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

March 2025: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	COOK IL
Recording Date	Mar 28, 2025
Property Address	1507 W WEBSTER AVE, CHICAGO, IL 60614-3039
Document Number	0008721038
Map Reference	DOC 2313113134
Instrument Date	Mar 28, 2025
Instrument	2508721038
Transaction Type	Transfer
Record Updated	May 8, 2026
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name
Address	333 N GREEN ST STE 1100, 1100, CHICAGO, IL 60607-0044

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	8300 DOUGLAS AVE STE 900, 900, DALLAS, TX 75225-5826
Investor	Possibly a Property Investor

Tax Assessment & Valuation

Source: Cook County assessment roll, as of January 1, 2023

Property Jurisdictions

Type	Name
State	Illinois
County	Cook County
Municipality	Chicago City
Unified School District	Chicago Public School District 299 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2023	$13,769.00 (+2.89%)	$65,064 (-) Land $65,064	$650,640 (-) Land $650,640
2022	$13,382.00	$65,064 Land $65,064	$650,640 Land $650,640

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 1507 W Webster Ave in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective February 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone A, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force
Nearby Flood Claims	2 (1987–2009)
Claims Outside the SFHA	2 of 2
Most Recent Claim	Jun 2009 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 1507 W Webster Ave has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CHICAGO serves 2,721,308 people · EPA ID IL0316000
Water Source	Surface water
Last State Inspection	Mar 2026
Lead	6 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	8 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 564 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Astound Broadband Cable · Fiber in parts of the area	1,500 / 50
Verizon Fixed Wireless	1,000 / 75
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless · Fiber, DSL in parts of the area	100 / 20

May also be available: Zentro.

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