Cook County property record for 506 N Desplaines St, Chicago, IL 60654
| Property Type | Commercial |
|---|---|
| Details | 49,584 sqft · built 1951 |
| Lot Size | 0.629 acres (27,402 sqft) |
| Owner | Company Name on File |
| Tax Bill | $154,244 (2024) |
| Deeds & Mortgages | Apr 2022 Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 17-09-103-031 |
| Primary APN | 17-09-103-031 |
|---|---|
| Alternative APN |
|
| Building Area | 49,584 sqft Gross Area |
|---|
| Year Built | Built 1951 |
|---|---|
| Effective Year Built | Effective 1951 |
| Lot Area | 27,402 sqft (0.629 acres) |
| Street Address | 506 N DESPLAINES ST |
|---|---|
| City | CHICAGO |
| State | IL |
| Zip | 60654-5543 |
| Property Category | Commercial |
| Property Type | Commercial > Retail |
| Local Zoning Code | PD 1553 |
| Jurisdiction | COOK IL |
| Township / Civil Division | CHICAGO |
| Census Block Group | 2 |
| Census Block | 2026 |
| Census Tract | 842300 |
506 N Desplaines St, a commercial property, is owned by a company.
Source: Cook County records, as of August 25, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 917 W WASHINGTON BLVD, CHICAGO, IL 60607-2203 |
| Owner Type | Company |
| Vesting | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Record Updated | Oct 29, 2026 |
| Document Type | Special Warranty Deed |
|---|---|
| Jurisdiction | COOK IL |
| Recording Date | Apr 25, 2022 |
| Property Address | 506 N DESPLAINES ST, CHICAGO, IL 60654-5543 |
| Document Number | 0011515001 |
| Instrument Date | Apr 25, 2022 |
| Instrument | 2211515001 |
| Transaction Type | Transfer |
| Record Updated | May 4, 2022 |
| Title Company | E-CHICAGO TITLE, CHICAGO TITLE |
| Tax | $0.00 |
|---|---|
| Amount Accuracy | Transfer Tax Exempt |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Address | 917 W WASHINGTON BLVD # 308, 308, CHICAGO, IL 60607-2203 |
| Document Number | 0011515002 |
|---|---|
| Date | Apr 25, 2022 |
| Instrument | 2211515002 |
| Name | NORTHBROOK BANK & TRUST CO NA |
|---|---|
| Type | Bank |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 24 Months |
| Due | Apr 14, 2024 |
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 | $765,465 Land $337,925 Building $427,540 | $3,061,860 Land $1,351,700 Building $1,710,160 | |
| 2024 | $154,244.00 (+63.37%) | ||
| 2023 | $94,416.00 | ||
| 2022 | Additional exemption filed |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 506 N 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 | 1 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 506 N 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 326 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Xfinity Cable | 2,000 / 250 |
| 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: Astound Broadband, Google Fiber, Zentro.
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