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550 S Milwaukee Ave, Wheeling, IL 60090 Property Records

Cook County property record for 550 S Milwaukee Ave, Wheeling, IL 60090

Property Summary

Property TypeCommercial Building, Warehouse, Showroom
Details7,735 sqft · built 1997
Lot Size2.43 acres (105,851 sqft)
OwnerCompany Name on File
Last Sale$1,250,000 (May 2025)
Tax Bill$100,123 (2023)
Deeds & MortgagesNov 2019 Mortgage
Aug 2018 Loan Modification
Flood ZoneZone AE (high risk)
APN03-12-116-028

Property Details

APN / Parcel Number

Primary APN03-12-116-028
Alternative APN
  • 03-12-116-028-0000

Interior

Stories1 Story
Building Area7,735 sqft Gross Area

Exterior

Year BuiltBuilt 1997
Effective Year BuiltEffective 1997
Lot Area105,851 sqft

Location & Zoning

Street Address550 S MILWAUKEE AVE
CityWHEELING
StateIL
Zip60090-5005
Property CategoryCommercial
Property TypeCommercial > Retail > Commercial Building, Warehouse, Showroom
Legal Description(SECOND) ADD TO (ROSEGATE) A RESUB OF LTS 13-17 IN FI RST ADD TO ROSEGATE SUB IN SEC 12-42-11
Legal Range11E
Legal Township42N
Legal Section12
Legal SubdivisionSECOND ADD TO ROSEGATE
Legal Lot Number13-17
JurisdictionCOOK IL
Township / Civil DivisionWHEELING
Census Block Group2
Census Block2011
Census Tract802506

Owner

550 S Milwaukee Ave, a commercial property, is owned by a company that bought it in May 2025.

Source: Cook County records, as of May 27, 2026

Owner of RecordCompany Name on File
Mailing Address5 MERRIMACK CT, BOLINGBROOK, IL 60440-1461
Owner TypeCompany
VestingLimited Liability Partnership

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Nov 1, 2019Deed of Trust, Mortgage
WINTRUST BK
Aug 28, 2018Loan Modification, Mortgage
REPUBLIC BK/CHICAGO

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMay 1, 2025 · Amount on File
Deed SaleMay 1, 2025 · Amount on File
Prior SaleMay 26, 1999 · Amount on File
Deed Document Number202523008
Record UpdatedOct 29, 2026

November 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Property Address550 S MILWAUKEE AVE, WHEELING, IL 60090-5005
Document Number1931745106
Instrument DateNov 1, 2019
Transaction TypeMortgage
Record UpdatedNov 29, 2019
Title CompanyATTORNEY ONLY

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipTrust
Address10 S LA SALLE ST #3100 CHICAGO IL 606031028, 3100, CHICAGO, IL 60603-1028

Mortgage

Document Number1931745106
DateNov 13, 2019
Instrument31745106
Lender
NameWINTRUST BK
Address231 S LA SALLE ST # 2ND, CHICAGO, IL 60604-1426
Agreement
AmountAmount on Record

August 2018: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionCOOK IL
Property Address550 S MILWAUKEE AVE, WHEELING, IL 60090-5005
Document Number1825508005
Instrument DateAug 28, 2018
Transaction TypeMortgage
Record UpdatedSep 20, 2018

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipTrust
Address550 S MILWAUKEE AVE WHEELING IL 600905005, WHEELING, IL 60090-5005

Mortgage

Document Number1825508005
DateSep 12, 2018
Instrument25508005
Lender
NameREPUBLIC BK/CHICAGO
TypeBank
Address2221 CAMDEN CT, OAK BROOK, IL 60523-1273
Agreement
AmountAmount on Record
Term240 Months
DueSep 11, 2038
Interest
Rate TypeFixed Rate
Rate5%

Tax Assessment & Valuation

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

Property Jurisdictions

TypeName
StateIllinois
CountyCook County
County SubdivisionWheeling Township
MunicipalityWheeling Village
Secondary School DistrictTownship High School District 214 (09 - 12)
Elementary School DistrictWheeling Community Consolidated School District 21 (PK - 08)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$465,500 Land $397,706 Building $67,794$1,862,000 Land $1,590,824 Building $271,176
2023$100,123.00 (+4.82%)
2022$95,518.00$298,850 Land $293,507 Building $5,343$1,195,400 Land $1,174,028 Building $21,372

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.

Flood

FEMA maps place 550 S Milwaukee Ave in Zone AE, a high-risk flood area; flood insurance is required for federally backed loans.

Source: FEMA National Flood Hazard Layer, effective February 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone AE
high risk
100-Year FloodplainYes
1% annual chance
FloodwayNo
Base Flood ElevationVaries along the reach; see FIRM
Flood Insurance RequirementRequired
federally backed loans
Flood Insurance CostPremium on File
median of 14 policies
Community Rating SystemClass 6 (20% premium discount)
Nearby Flood Policies14 in force
Nearby Flood Claims16 (1982–2013)
Claims Outside the SFHA3 of 16
Most Recent ClaimJun 2013 · other causes
Claims by Event
  • Severe Storms, Straight-line Winds, And Flooding, Apr 2013 · 3 claims
  • Severe Storms & Flooding, Aug 1987 · 2 claims

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.

Wildfire

The area around 550 S Milwaukee Ave 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 RiskNot 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 SystemWHEELING
serves 39,725 people · EPA ID IL0314970
Water SourcePurchased surface water from NORTHWEST WATER COMMISSION
Last State InspectionJul 2025
Lead1 ppb (2024–2026)
action level 15 ppb

Violations Reported to EPA

Water QualityE. coli
resolved · Jun 2019
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 578 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
AT&T
Fiber · DSL		5,000 / 5,000
Xfinity
Cable		2,000 / 250
Verizon
Fixed Wireless		300 / 20

May also be available: T-Mobile.

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