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2016 S Michigan Ave, Chicago, IL 60616 Property Records

Cook County property record for 2016 S Michigan Ave, Chicago, IL 60616

Property Summary

Property TypeRetail Stores (Personal Services, Photography, Travel)
Details139,900 sqft · built 1951
Lot Size0.188 acres (8,208 sqft)
OwnerCompany Name on File
Last Sale$7,625,000 (Aug 2014)
Tax Bill$77,658 (2023)
Deeds & MortgagesAug 2022 Mortgage
Aug 2018 Line of Credit
Flood ZoneZone X (minimal risk)
APN17-22-312-019

Property Details

APN / Parcel Number

Primary APN17-22-312-019
Alternative APN
  • 17-22-312-019-0000

Interior

Stories7 Stories
Building Area139,900 sqft Building Perimeter

Exterior

Year BuiltBuilt 1951
Effective Year BuiltEffective 1951
Lot Area8,208 sqft (0.188 acres)

Location & Zoning

Street Address2016 S MICHIGAN AVE
CityCHICAGO
StateIL
Zip60616-1707
Property CategoryCommercial
Property TypeCommercial > Retail > Retail Stores (Personal Services, Photography, Travel)
Local Zoning CodeDX-5
Legal Range14E
Legal Township39N
Legal Section22
Legal SubdivisionGURLEYS SUB
Legal Block27
Legal Lot Number1-3
JurisdictionCOOK IL
Township / Civil DivisionCHICAGO
Census Block Group3
Census Block3006
Census Tract330103

Owner

2016 S Michigan Ave, a commercial property, is owned by a company that bought it in August 2014.

Source: Cook County records, as of May 27, 2026

Owner of RecordCompany Name on File
Mailing Address161 E CHICAGO AVE, 36A, CHICAGO, IL 60611-2622
Owner TypeCompany
VestingLimited Liability Partnership

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

DateDocument
Aug 2, 2022Quit Claim Deed, Transfer · Commercial Mortgage
BANK OF MONTREAL
Aug 27, 2018Grant Deed, Mortgage · Line of Credit
HINSDALE BK&TR

Assessor's Deed Record

Deed NamesName on Deed
Last SaleAug 26, 2014 · Amount on File
Deed SaleAug 26, 2014 · Amount on File
Prior SaleMar 11, 2013 · Amount on File
Deed Document Number201434077
Record UpdatedOct 29, 2026

August 2022: Quit Claim Deed, Transfer

Document TypeQuit Claim Deed
JurisdictionCOOK IL
Recording DateAug 2, 2022
Property Address2016 S MICHIGAN AVE, CHICAGO, IL 60616-1707
Document Number0021457026
Instrument DateJul 13, 2022
Instrument2221457026
Transaction TypeTransfer
Record UpdatedAug 10, 2022
Title CompanyATTORNEY ONLY, ATTORNEY

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Quitclaim
  • Intrafamily Transfer
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address161 E CHICAGO AVE UNIT 36A, 36A, CHICAGO, IL 60611-2622

Mortgage

Document Number0021457027
DateAug 2, 2022
Instrument2221457027
Lender
NameBANK OF MONTREAL
TypeBank
Agreement
TypeCommercial Mortgage
AmountAmount on Record
Term120 Months
DueAug 1, 2032

August 2018: Grant Deed, Mortgage

Document TypeGrant Deed
JurisdictionCOOK IL
Recording DateAug 27, 2018
Property Address2016 S MICHIGAN AVE, CHICAGO, IL 60616-1707
Document Number1823918077
Instrument DateAug 24, 2018
Instrument23918077
Transaction TypeMortgage
Record UpdatedSep 10, 2018
Title CompanyATTORNEY ONLY

Transaction

Tax$0.00
Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address105 W MADISON ST #1401 CHICAGO IL 606024607, 1401, CHICAGO, IL 60602-4607

Mortgage

Document Number1823918077
DateAug 27, 2018
Instrument23918077
Lender
NameHINSDALE BK&TR
TypeBank
Address25 FAST FIRST ST, HINSDALE, IL 60521
Agreement
TypeLine of Credit
AmountAmount on Record
Interest
Rate TypeAdjustable Rate

Tax Assessment & Valuation

Source: Cook County assessment roll, as of May 27, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyCook County
MunicipalityChicago City
Unified School DistrictChicago Public School District 299 (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$477,022 Land $256,500 Building $220,522$1,908,088 Land $1,026,000 Building $882,088
2023$77,658.00 (+2.6%)
2022$75,692.00$366,858 Land $102,600 Building $264,258$1,467,432 Land $410,400 Building $1,057,032

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 2016 S Michigan Ave in Zone X, an area of minimal flood risk.

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

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies1 in force

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 2016 S Michigan 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 RiskNot 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 SystemCHICAGO
serves 2,721,308 people · EPA ID IL0316000
Water SourceSurface water
Last State InspectionMar 2026
Lead6 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting8
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 333 locations within half a mile, as of December 31, 2025

ProviderMax 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
AT&T
Fixed Wireless · Fiber, DSL in parts of the area		100 / 20

May also be available: Google Fiber, T-Mobile, Zentro.

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