71 E Madison St, Chicago, IL 60602 Property Records

Cook County property record for 71 E Madison St, Chicago, IL 60602

Property Summary

Property Type	Motel
Details	140,190 sqft · built 1910
Lot Size	0.103 acres (4,479 sqft)
Owner	Company Name on Record
Last Sale	$13,000,000 (Jul 2012)
Tax Bill	$238,702 (2023)
Deeds & Mortgages	Nov 2018 Loan Modification May 2017 Line of Credit + 1 more
Flood Zone	Zone X (minimal risk)
APN	`17-15-101-008`

Property Details

APN / Parcel Number

Primary APN	`17-15-101-008`
Alternative APN	`17-15-101-008-0000`

Interior

Units	241 Units
Stories	18 Stories
Building Area	140,190 sqft Gross Area

Exterior

Year Built	Built 1910
Effective Year Built	Effective 1912
Lot Area	4,479 sqft (0.103 acres)

Location & Zoning

Street Address	71 E MADISON ST
City	CHICAGO
State	IL
Zip	60602-4802
Property Category	Commercial
Property Type	Commercial > Retail > Motel
Local Zoning Code	DX-16
Legal Description	E (SCAMMONS) SUB OF LT1 IN BLK1 OF FRACTIONAL SECTION 15 ADD TO CHICAGO SEC 15-39-14
Legal Range	14E
Legal Township	39N
Legal Section	15
Legal Subdivision	SCAMMONS SUB
Legal Block	1
Legal Lot Number	1
Jurisdiction	COOK IL
Township / Civil Division	CHICAGO
Census Block Group	1
Census Block	1008
Census Tract	320400

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 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 Name on Record
Mailing Address	133 N JEFFERSON ST, 4, CHICAGO, IL 60661-2336
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Nov 13, 2018	Loan Modification, Mortgage · Line of Credit DEUTSCHE BK AG/NY BRANCH
May 23, 2017	Grant Deed, Mortgage · Line of Credit PRIVATE INDIVIDUAL
May 23, 2017	Grant Deed, Mortgage · Line of Credit DEUTSCHE BK AG/NY BRANCH

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 24, 2012 · Amount on Record
Deed Sale	Jul 24, 2012 · Amount on Record
Prior Sale	Nov 9, 2011 · Amount on Record
Deed Document Number	201222083
Prior Transfer Date	Aug 24, 2007
Prior Transfer Doc	0000026107
Record Updated	Sep 20, 2026

November 2018: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	COOK IL
Recording Date	Nov 13, 2018
Property Address	71 E MADISON ST, CHICAGO, IL 60602-4802
Document Number	1831706208
Instrument Date	Nov 9, 2018
Instrument	31706208
Transaction Type	Mortgage
Record Updated	Nov 23, 2018
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	12 S MICHIGAN AVE CHICAGO IL 606033300, CHICAGO, IL 60603-3300

Mortgage

Document Number	1831706208
Date	Nov 13, 2018
Instrument	31706208

Lender

Name	DEUTSCHE BK AG/NY BRANCH
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

May 2017: Grant Deed, Mortgage

Document Type	Grant Deed
Jurisdiction	COOK IL
Recording Date	May 23, 2017
Property Address	71 E MADISON ST, CHICAGO, IL 60602-4802
Document Number	1714345052
Instrument Date	May 19, 2017
Instrument	14345052
Transaction Type	Mortgage
Record Updated	Jun 8, 2017
Title Company	OTHER

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	133 N JEFFERSON ST #4TH CHICAGO IL 606612336, 4TH, CHICAGO, IL 60661-2336

Mortgage

Document Number	1714345052
Date	May 23, 2017
Instrument	14345052

Lender

Name	PRIVATE INDIVIDUAL
Type	Private Party
Address	133 N JEFFERSON ST # 4TH, CHICAGO, IL 60661-2336

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

May 2017: Grant Deed, Mortgage

Document Type	Grant Deed
Jurisdiction	COOK IL
Recording Date	May 23, 2017
Property Address	71 E MADISON ST, CHICAGO, IL 60602-4802
Document Number	1714345050
Instrument Date	May 19, 2017
Instrument	14345050
Transaction Type	Mortgage
Record Updated	Jun 8, 2017
Title Company	OTHER

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	133 N JEFFERSON ST #4TH CHICAGO IL 606612336, 4TH, CHICAGO, IL 60661-2336

Mortgage

Document Number	1714345050
Date	May 23, 2017
Instrument	14345050

Lender

Name	DEUTSCHE BK AG/NY BRANCH
Type	Bank
Address	60 WALL ST # 10TH, NEW YORK, NY 10005-2836

Agreement

Type	Line of Credit
Amount	Amount Recorded

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		$2,394,080 (+111.61%) Land $188,118 Building $2,205,962	$23,940,800 (+429.04%) Land $1,881,180 Building $22,059,620
2023	$238,702.00 (+2.58%)
2022	$232,697.00	$1,131,342 Land $246,345 Building $884,997	$4,525,368 Land $985,380 Building $3,539,988

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 · 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 Claims	1 (1978)
Most Recent Claim	Jul 1978 · 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

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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