Cook County property record for 40 S Desplaines St, Chicago, IL 60661
| Property Type | Commercial |
|---|---|
| Details | built 1987 |
| Lot Size | 0.456 acres (19,860 sqft) |
| Owner | Company Name on File |
| Last Sale | $53,000,000 (Jan 2023) |
| Tax Bill | $104,308 (2024) |
| Deeds & Mortgages | Aug 2026 Foreclosure Jan 2023 Sale & Mortgage + 1 more |
| Flood Zone | Zone X (minimal risk) |
| APN | 17-16-100-046 |
| Primary APN | 17-16-100-046 |
|---|---|
| Alternative APN |
|
| Year Built | Built 1987 |
|---|---|
| Effective Year Built | Effective 1987 |
| Lot Area | 19,860 sqft (0.456 acres) |
| Street Address | 40 S DESPLAINES ST |
|---|---|
| City | CHICAGO |
| State | IL |
| Zip | 60661 |
| Property Category | Commercial |
| Property Type | Commercial > Retail |
| Local Zoning Code | PD 233 |
| Legal Subdivision | SCHOOL SEC ADD |
| Legal Block | 24 |
| Legal Lot Number | 7 |
| Jurisdiction | COOK IL |
| Township / Civil Division | CHICAGO |
| Census Block Group | 3 |
| Census Block | 3011 |
| Census Tract | 281900 |
40 S Desplaines St, a commercial property, is owned by a company that acquired it in August 2026.
Source: Cook County records, as of August 25, 2026
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 853 N ELSTON AVE, CHICAGO, IL 60642-4102 |
| Owner Type | Company |
| Vesting | Limited Liability Partnership |
| Date | Document |
|---|---|
| Aug 14, 2026 | Deed in Lieu of Foreclosure, Foreclosure STEWART TITLE |
| Jan 19, 2023 | Special Warranty Deed, Transfer · Stand-Alone First Mortgage SIGNATURE BANK |
| May 21, 2018 | Grant Deed, Mortgage EVERGREEN BK GRP |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Jan 19, 2023 · Amount on File |
| Deed Sale | Jan 19, 2023 · Amount on File |
| Deed Document Number | 202334018 |
| Last Transfer Date | Aug 12, 2026 |
| Transfer Doc | 0000011011 |
| Record Updated | Oct 29, 2026 |
| Document Type | Deed in Lieu of Foreclosure |
|---|---|
| Jurisdiction | COOK IL |
| Recording Date | Aug 14, 2026 |
| Property Address | 40 S DESPLAINES ST, CHICAGO, IL 60661 |
| Document Number | 0000011011 |
| Instrument Date | Aug 12, 2026 |
| Instrument | 202611011 |
| Transaction Type | Foreclosure |
| Record Updated | Aug 31, 2026 |
| Title Company | STEWART TITLE |
| Tax | $0.00 |
|---|---|
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Limited Liability Partnership |
| Address | 853 N ELSTON AVE, CHICAGO, IL 60642-4102 |
| Document Type | Special Warranty Deed |
|---|---|
| Jurisdiction | COOK IL |
| Recording Date | Jan 19, 2023 |
| Property Address | 40 S DESPLAINES ST, CHICAGO, IL 60661 |
| Document Number | 0001934018 |
| Instrument Date | Jan 12, 2023 |
| Instrument | 2301934018 |
| Transaction Type | Transfer |
| Record Updated | Feb 1, 2023 |
| Title Company | STEWART TITLE |
| Amount | Amount on Record |
|---|---|
| Downpayment | Downpayment on Record |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $53,000.00 |
| Amount Accuracy | Rounded by County |
| Additional |
|
| Name | Verified Name |
|---|---|
| Address | 701 LEE ST, DES PLAINES, IL 60016-4539 |
| Name | Verified Name |
|---|---|
| Address | 225 W WASHINGTON ST STE 2300, 2300, CHICAGO, IL 60606-3560 |
| Document Number | 0001934020 |
|---|---|
| Date | Jan 19, 2023 |
| Instrument | 2301934020 |
| Name | SIGNATURE BANK |
|---|---|
| Type | Bank |
| Type | Stand-Alone First Mortgage |
|---|---|
| Amount | Amount on Record |
| Document Type | Grant Deed |
|---|---|
| Jurisdiction | COOK IL |
| Recording Date | May 21, 2018 |
| Property Address | 40 S DESPLAINES ST, CHICAGO, IL 60661 |
| Document Number | 1814116000 |
| Instrument Date | May 17, 2018 |
| Instrument | 14116000 |
| Transaction Type | Mortgage |
| Record Updated | May 31, 2018 |
| Title Company | OTHER |
| Tax | $0.00 |
|---|---|
| Additional |
|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 65 E HARRISON ST #217 CHICAGO IL 606051614, 217, CHICAGO, IL 60605-1614 |
| Document Number | 1814116000 |
|---|---|
| Date | May 21, 2018 |
| Instrument | 14116000 |
| Name | EVERGREEN BK GRP |
|---|---|
| Type | Bank |
| Address | 1 GRANT SQ # 100, HINSDALE, IL 60521-3351 |
| Amount | Amount on Record |
|---|---|
| Term | 24 Months |
| Due | May 20, 2020 |
Source: Cook County assessment roll, as of May 27, 2026
| Type | Name |
|---|---|
| State | Illinois |
| County | Cook County |
| Municipality | Chicago City |
| Unified School District | Chicago Public School District 299 (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $517,275 Land $496,500 Building $20,775 | $2,069,100 Land $1,986,000 Building $83,100 | |
| 2024 | $104,308.00 (+9.73%) | ||
| 2023 | $95,061.00 (+2.58%) | ||
| 2022 | $92,667.00 | $449,005 Land $428,231 Building $20,774 | $1,796,020 Land $1,712,924 Building $83,096 |
Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.
FEMA maps place 40 S Desplaines St 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 Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| Nearby Flood Policies | 2 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.
The area around 40 S Desplaines St 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.
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 |
| 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.
Source: FCC Broadband Data Collection, based on 194 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Xfinity Cable | 2,000 / 250 |
| Starlink Satellite | 280 / 30 |
| AT&T Fixed Wireless · Fiber, DSL in parts of the area | 100 / 20 |
May also be available: Astound Broadband, Google Fiber, T-Mobile, Verizon, Zentro.
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