723 S Wells St, Chicago, IL 60607 Property Records

Cook County property record for 723 S Wells St, Chicago, IL 60607

Property Summary

Property Type	Commercial Building, Warehouse, Showroom
Details	99,000 sqft · built 1923
Lot Size	0.14 acres (6,120 sqft)
Owner	Company Name on Record
Tax Bill	$1,030,380 (2023)
Deeds & Mortgages	Sep 2023 Transfer Apr 2023 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`17-16-402-021`

Property Details

APN / Parcel Number

Primary APN	`17-16-402-021`
Alternative APN	`17-16-402-021-0000`

Interior

Stories	10 Stories
Building Area	99,000 sqft Building Perimeter

Exterior

Year Built	Built 1923
Effective Year Built	Effective 1923
Lot Area	6,120 sqft (0.14 acres)

Location & Zoning

Street Address	723 S WELLS ST
City	CHICAGO
State	IL
Zip	60607-4507
Property Category	Commercial
Property Type	Commercial > Retail > Commercial Building, Warehouse, Showroom
Local Zoning Code	DX-12
Legal Description	(SUBDIVISION) OF BLK102 IN SCHOOL SECTION ADD TO CHIC AGO SUB IN SEC 16-39-14
Legal Range	14E
Legal Township	39N
Legal Section	16
Legal Subdivision	SCHOOL SECTION ADD
Legal Block	102
Legal Lot Number	27,22
Jurisdiction	COOK IL
Township / Civil Division	CHICAGO
Census Block Group	1
Census Block	1005
Census Tract	839000

Historic Designation

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

Historic District	Within the South Loop Printing House District listed 1978 · 38 contributing resources · NRIS 78001130

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	401 N BROAD ST, M100, PHILADELPHIA, PA 19108-1001
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Sep 15, 2023	Transfer on Death Deed, Transfer ATTORNEY ONLY, ATTORNEY
Apr 5, 2023	Deed of Trust, Mortgage · Commercial Mortgage US BANK NA
Apr 14, 2021	Deed of Trust, Mortgage · Commercial Mortgage US BANK NA
Oct 18, 2019	Grant Deed, Mortgage · Line of Credit US BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 23, 2014
Deed Sale	Oct 23, 2014
Prior Sale	Apr 4, 2007 · Amount on Record
Deed Document Number	201416062
Record Updated	Sep 20, 2026

September 2023: Transfer on Death Deed, Transfer

Document Type	Transfer on Death Deed
Jurisdiction	COOK IL
Recording Date	Sep 15, 2023
Property Address	723 S WELLS ST, CHICAGO, IL 60607-4507
Document Number	0025841215
Instrument Date	Sep 8, 2023
Instrument	2325841215
Transaction Type	Transfer
Record Updated	Oct 2, 2023
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name
Address	225 WICKLAWN WAY, ROSWELL, GA 30076-4447

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Revocable Trust
Investor	Possibly a Property Investor

April 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	723 S WELLS ST, CHICAGO, IL 60607-4507
Transaction Type	Mortgage
Record Updated	Apr 17, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0009525043
Date	Apr 5, 2023
Instrument	2309525043

Lender

Name	US BANK NA
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

April 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	723 S WELLS ST, CHICAGO, IL 60607-4507
Transaction Type	Mortgage
Record Updated	Apr 22, 2022
Title Company	FIRST AMERICAN TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0010420057
Date	Apr 14, 2021
Instrument	2110420057

Lender

Name	US BANK NA
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

October 2019: Grant Deed, Mortgage

Document Type	Grant Deed
Jurisdiction	COOK IL
Recording Date	Oct 18, 2019
Property Address	723 S WELLS ST, CHICAGO, IL 60607-4507
Document Number	1929145016
Instrument Date	Oct 9, 2019
Instrument	29145016
Transaction Type	Mortgage
Record Updated	Nov 1, 2019
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1330 AVENUE OF THE AMERICAS #7 NEW YORK NY 100195400, 7, NEW YORK, NY 10019-5400

Mortgage

Document Number	1929145016
Date	Oct 18, 2019
Instrument	29145016

Lender

Name	US BK
Type	Bank
Address	8 GREENWAY PLZ # 1100, HOUSTON, TX 77046-0892

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	84 Months
Due	Oct 17, 2026

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		$6,751,845 (+38.26%) Land $459,000 Building $6,292,845	$27,007,380 (+38.26%) Land $1,836,000 Building $25,171,380
2023	$1,030,380.00 (+2.58%)
2022	$1,004,458.00 (+125.07%)	$4,883,545 (+120.04%) Land $267,750 Building $4,615,795	$19,534,180 (+120.04%) Land $1,071,000 Building $18,463,180
2021	$446,294.00	$2,219,367 Land $267,750 Building $1,951,617	$8,877,468 Land $1,071,000 Building $7,806,468

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
Nearest Special Flood Hazard Area	Zone A, within 500 ft
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 155 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
Starlink Satellite	280 / 30
AT&T Fixed Wireless · DSL · Fiber in parts of the area	100 / 20

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

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