51 E Lake St, Chicago, IL 60601 Property Records

Cook County property record for 51 E Lake St, Chicago, IL 60601

Property Summary

Property Type	Apartments (5+ Units)
Details	213 bd · 230,802 sqft · built 1927
Lot Size	0.95 acres (4,120 sqft)
Owner	Company Name on Record
Last Sale	$59,000,000 (Jul 2026)
Tax Bill	$213,708 (2024)
Deeds & Mortgages	Jul 2026 Sale Jul 2022 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`17-10-306-001`

Property Details

APN / Parcel Number

Primary APN	`17-10-306-001`
Alternative APN	`17-10-306-001-0000`

Interior

Bedrooms	213 Beds
Units	190 Units
Stories	25 Stories
Building Area	230,802 sqft Living Area

Exterior

Year Built	Built 1927
Effective Year Built	Effective 1927
Architectural Style	High Rise
Lot Area	4,120 sqft (0.95 acres)

Location & Zoning

Street Address	51 E LAKE ST
City	CHICAGO
State	IL
Zip	60601
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	PD 851
Legal Description	(SUBDIVISION) OF LTS1-5 IN BLK10 OF FORT DEARBORN ADD TO CHICAGO SUB IN SW FRACL SEC 10-39-14
Legal Range	14E
Legal Township	39N
Legal Section	10
Legal Subdivision	FORT DEARBORN ADD
Legal Block	10
Legal Lot Number	1-5
Jurisdiction	COOK IL
Township / Civil Division	CHICAGO
Census Block Group	1
Census Block	1023
Census Tract	320102

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Loop Retail Historic District listed 1998 · 74 contributing resources · NRIS 98001351

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Cook County records, as of August 18, 2026

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

Owner of Record	Company Name on Record
Mailing Address	161 N CLARK ST, 3400, CHICAGO, IL 60601-3327
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Jul 29, 2026	Special Warranty Deed, Transfer NONE LISTED ON DOCUMENT
Jul 15, 2022	Deed of Trust, Mortgage · Commercial Mortgage PRIME FINANCE SHORT DURATION HOLDING COM
Jul 16, 2026	Special Warranty Deed, Transfer · Conventional Mortgage PRIME FINANCIAL
Dec 7, 2017	Grant Deed, Mortgage MISCELLANEOUS INS CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 16, 2026 · Amount on Record
Deed Sale	Jul 16, 2026 · Amount on Record
Prior Sale	Jan 30, 2004 · Amount on Record
Deed Document Number	20267012
Record Updated	Sep 20, 2026

July 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	COOK IL
Recording Date	Jul 29, 2026
Property Address	51 E LAKE ST, CHICAGO, IL 60601
Document Number	0000007011
Instrument Date	Jul 10, 2026
Instrument	20267011
Transaction Type	Transfer
Record Updated	Aug 13, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership

July 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	51 E LAKE ST, CHICAGO, IL 60601
Transaction Type	Mortgage
Record Updated	May 8, 2026
Title Company	FIRST AMERICAN TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	31700 MIDDLEBELT RD 140, 140, FARMINGTON HILLS, MI 48334-2302

Mortgage

Document Number	0019639152
Date	Jul 15, 2022
Instrument	2219639152

Lender

Name	PRIME FINANCE SHORT DURATION HOLDING COM
Type	Non-Lending Institution
Address	CHICAGO, IL 60606

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	23 Months
Due	Jun 9, 2024

July 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	COOK IL
Recording Date	Jul 16, 2026
Property Address	51 E LAKE ST, CHICAGO, IL 60601
Document Number	0000007012
Instrument Date	Mar 23, 2026
Instrument	20267012
Transaction Type	Transfer
Record Updated	Jul 23, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$8,938,500.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership

Mortgage

Document Number	0000007013,
Date	Jul 16, 2026
Instrument	20261977013

Lender

Name	PRIME FINANCIAL

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	24 Months
Due	Aug 9, 2028

Interest

Rate	6.48%
Max Rate	-1%

December 2017: Grant Deed, Mortgage

Document Type	Grant Deed
Jurisdiction	COOK IL
Recording Date	Dec 7, 2017
Property Address	51 E LAKE ST, CHICAGO, IL 60601
Document Number	1734129030
Instrument Date	Nov 30, 2017
Instrument	34129030
Transaction Type	Mortgage
Record Updated	Jan 3, 2018
Title Company	TITLE SOURCE/COMMERCIAL

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	31700 MIDDLEBELT RD #140 FARMINGTON HILLS MI 483342302, 140, FARMINGTON HILLS, MI 48334-2302

Mortgage

Document Number	1734129030
Date	Dec 7, 2017
Instrument	34129030

Lender

Name	MISCELLANEOUS INS CO
Address	2801 HIGHWAY 280 S, BIRMINGHAM, AL 35223-2479

Agreement

Amount	Amount Recorded
Term	60 Months
Due	Dec 6, 2022

Tax Assessment & Valuation

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

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
2025		$1,063,713 (-31.73%) Land $81,782 Building $981,931	$10,637,130 (-31.73%) Land $817,820 Building $9,819,310
2024	$213,708.00 (-34.99%)
2023	$328,739.00 (+2.58%)
2022	$320,469.00	$1,558,078 Land $175,100 Building $1,382,978	$15,580,780 Land $1,751,000 Building $13,829,780

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

Flood

Source: FEMA National Flood Hazard Layer, effective February 11, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

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 245 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
AT&T Fixed Wireless · Fiber, DSL in parts of the area	100 / 20

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

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