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40 S Clark St, Chicago, IL 60603 Property Records

Cook County property record for 40 S Clark St, Chicago, IL 60603 · Last verified June 2026

Property Summary

Property TypeMotel
Details175,230 sqft · built 2014
Lot Size0.9 acres (3,900 sqft)
OwnerCompany Name on File
Last Sale$11,000,000 (Sep 2017)
Tax Bill$861,400 (2023)
Deeds & MortgagesJul 2025 Mortgage
Sep 2017 Sale & Line of Credit
Flood ZoneZone X (minimal risk)
APN17-16-204-022

Property Details

APN / Parcel Number

Primary APN17-16-204-022
Alternative APN
  • 17-16-204-022-0000

Interior

Units257 Units
Stories24 Stories
Building Area175,230 sqft Gross Area

Exterior

Year BuiltBuilt 2014
Effective Year BuiltEffective 2014
Architectural StyleHigh Rise
Lot Area3,900 sqft (0.9 acres)

Location & Zoning

Street Address40 S CLARK ST
CityCHICAGO
StateIL
Zip60603
Property CategoryCommercial
Property TypeCommercial > Retail > Motel
Legal Description(ASSESSORS) DIVN OF BLK118 IN SCHOOL SECTION ADD TO C HICAGO SUB IN SEC 16-39-14
Legal Range14E
Legal Township39N
Legal Section16
Legal SubdivisionSCHOOL SECTION ADD
Legal Block118
Legal Lot Number19
JurisdictionCOOK IL
Township / Civil DivisionCHICAGO
Census Block Group1
Census Block1069
Census Tract839100

Owner

Source: Cook County records · APN 17-16-204-022

Assessment roll updated May 27, 2026 · Last verified June 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on File
Mailing Address227 W MONROE ST, 5200, CHICAGO, IL 60606-4500
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Jul 14, 2025Deed of Trust, Mortgage · Commercial Mortgage
DEUTSCHE BANK NATIONAL TRUST CO
Sep 05, 2017Trustee's Deed, Transfer · Line of Credit
SOCIETE GENERALE

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleSep 05, 2017 · Amount on Record
Deed SaleSep 05, 2017 · Amount on Record
Prior SaleMay 14, 2012 · Amount on Record
Deed Document Number201734046
Record UpdatedSep 20, 2026

July 2025: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Property Address40 S CLARK ST, CHICAGO, IL 60603
Transaction TypeMortgage
Record UpdatedMay 08, 2026

Transferred To (Grantee/Buyer)

NameVerified Name
Address350 5TH AVE 3920, 3920, NEW YORK, NY 10118-3922

Mortgage

Document Number0019502131
DateJul 14, 2025
Instrument2519502131
Lender
NameDEUTSCHE BANK NATIONAL TRUST CO
TypeBank
Address53113
Agreement
TypeCommercial Mortgage
AmountAmount Recorded

September 2017: Trustee's Deed, Transfer

Document TypeTrustee's Deed
JurisdictionCOOK IL
Recording DateSep 05, 2017
Property Address40 S CLARK ST, CHICAGO, IL 60603-1808
Document Number1724834046
Instrument DateAug 31, 2017
Instrument24834046
Transaction TypeTransfer
Record UpdatedSep 19, 2017
Title CompanyCHICAGO TITLE COMPANY, CHICAGO TITLE CO

Transaction

AmountAmount Recorded
DownpaymentDownpayment on File
Loan-to-Value (LTV)LTV on Record
Tax$110,000.00
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipLimited Partnership
Address1185 AVENUE OF THE AMERICAS NEW YORK NY 100362601, NEW YORK, NY 10036-2601

Mortgage

Document Number1724834047
DateSep 05, 2017
Instrument24834047
Lender
NameSOCIETE GENERALE
Address245 PARK AVE, NEW YORK, NY 10167-0002
Agreement
TypeLine of Credit
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

Tax Assessment & Valuation

Source: Cook County records · Assessment roll updated May 27, 2026 · Last verified June 2026

Property Jurisdictions

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

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

YearTax BillAssessed ValueAssessed Market Value
2025$6,195,447 (+51.75%) Land $409,500 Building $5,785,947$24,781,788 (+51.75%) Land $1,638,000 Building $23,143,788
2023$861,400.00 (+2.58%)
2022$839,730.00$4,082,656 Land $585,000 Building $3,497,656$16,330,624 Land $2,340,000 Building $13,990,624

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Cook County (17031C), updated February 11, 2026 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 170318391001, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood ZoneZone X
Special Flood Hazard AreaNo
Flood HazardMinimal
500-Year FloodplainNo
Nearby Flood Policies2 in force
Nearby Flood Claims15 (1978–2020)
Claims Outside the SFHA4 of 15
Most Recent ClaimMay 2020, rainfall accumulation

Wildfire

Wildfire RiskNot rated
no burnable land in reach
Wildfire LikelihoodNegligible
ExposureNone
beyond ember reach

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.

Internet Providers

Source: FCC Broadband Data Collection, availability as of December 31, 2025 · Published October 2026 · based on 245 locations within about half a mile of this property

ProviderTechnologyDownload / Upload (Mbps)
XfinityCable2,000 / 250
Radiate HoldingsCable1,500 / 50
AT&TFixed Wireless100 / 20
StarlinkSatellite (low-earth orbit)280 / 30

May also be available at this address: AT&T, Radiate Holdings, Verizon, T-Mobile USA, Everywhere Wireless, Google Fiber. Availability varies by address; speeds are provider-advertised maximums, not measured.

Mobile Coverage

5G and 4G LTE

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