640 N Dearborn St, Chicago, IL 60654 Property Records

Cook County property record for 640 N Dearborn St, Chicago, IL 60654

Property Summary

Property Type	Commercial Office
Details	20,907 sqft · built 1961
Lot Size	0.61 acres (2,640 sqft)
Owner	Company Name on File
Last Sale	$29,354,000 (May 2022)
Tax Bill	$35,763 (2024)
Deeds & Mortgages	May 2022 Sale & Mortgage Aug 2020 Loan Modification + 2 more
Flood Zone	Zone X (minimal risk)
APN	`17-09-226-008`

Property Details

APN / Parcel Number

Primary APN	`17-09-226-008`
Alternative APN	`17-09-226-008-0000`

Interior

Stories	3 Stories
Building Area	20,907 sqft Gross Area

Exterior

Year Built	Built 1961
Effective Year Built	Effective 1961
Lot Area	2,640 sqft (0.61 acres)

Location & Zoning

Street Address	640 N DEARBORN ST
City	CHICAGO
State	IL
Zip	60654-3829
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Local Zoning Code	DX-5
Legal Range	14E
Legal Township	39N
Legal Section	09
Legal Subdivision	WOLCOTTS ADD TO CHICAGO A SUB IN THE
Legal Block	23
Legal Lot Number	1-3
Jurisdiction	COOK IL
Township / Civil Division	CHICAGO
Census Block Group	2
Census Block	2008
Census Tract	81700

Owner

640 N Dearborn St, a commercial property, is owned by a company that bought it in May 2022.

Source: Cook County records, as of August 25, 2026

Owner of Record	Company Name on File
Mailing Address	2425 E CAMELBACK RD, PHOENIX, AZ 85016-4200
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.

Deeds, Mortgages & Sale History

Date	Document
May 24, 2022	Special Warranty Deed, Transfer · Commercial Mortgage CITIBANK NA
Aug 23, 2020	Loan Modification, Mortgage CIBC BK USA
Feb 25, 2020	Loan Modification, Mortgage · Line of Credit CIBC BK USA
Feb 24, 2017	Grant Deed, Construction Loan · Line of Credit PRIVATEBANK & TR

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 24, 2022 · Amount on File
Deed Sale	May 24, 2022 · Amount on File
Prior Sale	Feb 24, 2017 · Amount on File
Deed Document Number	202219016
Prior Transfer Date	Jun 1, 1999
Prior Transfer Doc	0000000974
Record Updated	Oct 29, 2026

May 2022: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	COOK IL
Recording Date	May 24, 2022
Property Address	640 N DEARBORN ST, CHICAGO, IL 60654-3829
Document Number	0014419016
Instrument Date	May 12, 2022
Instrument	2214419016
Transaction Type	Transfer
Record Updated	May 8, 2026
Title Company	GREATER ILLINOIS TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$29,354.00
Amount Accuracy	Rounded by County
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name
Address	333 N GREEN ST STE 1100, 1100, CHICAGO, IL 60607-0044

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2425 E CAMELBACK RD STE 700, 700, PHOENIX, AZ 85016-4220
Investor	Possibly a Property Investor

Mortgage

Document Number	0014419017
Date	May 24, 2022
Instrument	2214419017

Lender

Name	CITIBANK NA
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

August 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	COOK IL
Property Address	640 N DEARBORN ST, CHICAGO, IL 60654-3829
Document Number	2028407440
Instrument Date	Aug 23, 2020
Transaction Type	Mortgage
Record Updated	Nov 3, 2020
Title Company	ATTORNEY ONLY

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1330 W FULTON ST #800 CHICAGO IL 606071152, 800, CHICAGO, IL 60607-1152

Mortgage

Document Number	2028407440
Date	Oct 12, 2020
Instrument	28407440

Lender

Name	CIBC BK USA
Address	120 S LA SALLE ST, CHICAGO, IL 60603-3403

Agreement

Amount	Amount on Record
Term	12 Months
Due	Oct 11, 2021

February 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	COOK IL
Property Address	640 N DEARBORN ST, CHICAGO, IL 60654-3829
Document Number	2005745076
Instrument Date	Feb 25, 2020
Transaction Type	Mortgage
Record Updated	Mar 17, 2020
Title Company	ATTORNEY ONLY

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1330 W FULTON ST #800 CHICAGO IL 606071152, 800, CHICAGO, IL 60607-1152

Mortgage

Document Number	2005745076
Date	Feb 26, 2020
Instrument	5745076

Lender

Name	CIBC BK USA
Address	120 S LA SALLE ST, CHICAGO, IL 60603-3403

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate

February 2017: Grant Deed, Construction Loan

Document Type	Grant Deed
Jurisdiction	COOK IL
Recording Date	Feb 24, 2017
Property Address	640 N DEARBORN ST, CHICAGO, IL 60654-3829
Document Number	1705545084
Instrument Date	Feb 23, 2017
Instrument	5545084
Transaction Type	Construction Loan
Record Updated	Nov 3, 2020
Title Company	OTHER

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$15,450.00
Additional	Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	632 N DEARBORN ST CHICAGO IL 606543829, CHICAGO, IL 60654-3829

Mortgage

Document Number	1705545085
Date	Feb 24, 2017
Instrument	5545085

Lender

Name	PRIVATEBANK & TR
Type	Funding / Finance Company
Address	1110 JORIE BLVD, OAK BROOK, IL 60523-2223

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	24 Months
Due	Feb 23, 2019

Interest

Rate Type	Adjustable Rate

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		$178,012 Land $36,960 Building $141,052	$1,780,120 Land $369,600 Building $1,410,520
2024	$35,763.00 (+16.24%)
2023	$30,767.00 (+2.58%)
2022	$29,992.00 (+2.28%)	$145,821 (-) Land $52,800 Building $93,021	$583,284 (-) Land $211,200 Building $372,084
2021	$29,323.00	$145,821 Land $52,800 Building $93,021	$583,284 Land $211,200 Building $372,084

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

Flood

FEMA maps place 640 N Dearborn St in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2020.

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	4 in force
Nearby Flood Claims	1 (2020)
Claims Outside the SFHA	1 of 1
Most Recent Claim	May 2020 · rainfall accumulation

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 640 N Dearborn 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.

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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