548 N State St, Chicago, IL 60654 Property Records

Cook County property record for 548 N State St, Chicago, IL 60654

Property Summary

Property Type	Commercial
Details	106,565 sqft · built 2002
Lot Size	1.78 acres (77,972 sqft)
Owner	Company on Record
Last Sale	$321,000 (Mar 2008)
Tax Bill	$1,194,753 (2023)
Deeds & Mortgages	Feb 2025 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`17-09-241-027`

Property Details

APN / Parcel Number

Primary APN	`17-09-241-027`
Alternative APN	`17-09-241-027-0000`

Interior

Units	290 Units
Building Area	106,565 sqft Gross Area

Exterior

Year Built	Built 2002
Effective Year Built	Effective 2002
Lot Area	77,972 sqft

Location & Zoning

Street Address	548 N STATE ST
City	CHICAGO
State	IL
Zip	60654
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	PD 739
Legal Subdivision	GRAND PLAZA
Legal Lot Number	1A,1B
Jurisdiction	COOK IL
Township / Civil Division	CHICAGO
Census Block Group	1
Census Block	1003
Census Tract	81600

Owner

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

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

Owner of Record	Company on Record
Mailing Address	1600 JOHN F KENNEDY BLVD, 1010, PHILADELPHIA, PA 19103-2800
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 24, 2008 · Amount on Record
Deed Sale	Mar 24, 2008 · Amount on Record
Prior Sale	Dec 20, 2007 · Amount on Record
Deed Document Number	200840223
Record Updated	Sep 20, 2026

February 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	548 N STATE ST, CHICAGO, IL 60654
Transaction Type	Mortgage
Record Updated	May 8, 2026
Title Company	E-CHICAGO TITLE, CHICAGO TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1600 JOHN F KENNEDY BLVD 1010, 1010, PHILADELPHIA, PA 19103-2800

Mortgage

Document Number	0005921000
Date	Feb 28, 2025
Instrument	2505921000

Lender

Name	MORGAN STANLEY BANK NA
Type	Bank
Address	NEW YORK, NY 10036

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

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		$5,346,575 (-5.58%) Land $126,808 Building $5,219,767	$21,386,300 (-5.58%) Land $507,232 Building $20,879,068
2023	$1,194,753.00 (+2.88%)	$5,662,602 (+0.3%) Land $126,807 Building $5,535,795	$22,650,408 (+0.3%) Land $507,228 Building $22,143,180
2022	$1,161,258.00	$5,645,884 Land $126,807 Building $5,519,077	$22,583,536 Land $507,228 Building $22,076,308

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

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 398 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable · Fiber in parts of the area	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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