Property Details

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PIN & Address

Pin 17-03-111-005-0000
Address 1242 N LAKE SHORE DR
City CHICAGO
Township North Chicago
Read about Reassessments

Tax Details

Property Classification 213
Square Footage (Land) 5,490
Neighborhood 22
Taxcode 74002
Next Scheduled Reassessment 2027
2026 Assessor Valuation
2025
Board of Review Certified
Total Estimated Market Value
$25,866,800
$25,866,800
Total Assessed Value
$2,586,680
$2,586,680
Land Assessed Value
$170,465
$170,465
Building Assessed Value
$2,416,215
$2,416,215
* “Property Location” is not a legal/postal mailing address. Its sole purpose is to help our Office locate the property. Therefore, you should not utilize the property location for any purpose, however, you may update the Property Location with your Legal/Postal Mailing Address should you choose to do so. Updating the address will not change the Property Location to a Legal/Postal Mailing Address.
** Information may be available by submitting an FOIA Request
Description Cooperatives
Age **
Building Square Footage **
Assessment Phase Assessor Valuation
* “Property Location” is not a legal/postal mailing address. Its sole purpose is to help our Office locate the property. Therefore, you should not utilize the property location for any purpose, however, you may update the Property Location with your Legal/Postal Mailing Address should you choose to do so. Updating the address will not change the Property Location to a Legal/Postal Mailing Address.
** Information may be available by submitting an FOIA Request
*** Is the information above correct? Please click here to provide updated information for this property’s characteristics.
Homeowner
Senior
Senior Freeze
Disabled Persons
Disabled Veterans
2025
Yes
Yes
N/A
N/A
N/A
2024
Yes
Yes
N/A
N/A
N/A
2023
$13,990.00
$1,119.20
N/A
N/A
N/A
2022
N/A
$1,125.60
N/A
N/A
N/A

2024 Assessment Appeal Information

Previous Board Certified $2,800,001
Status Appeal Review Complete
Assessor Valuation $2,800,001
Assessor Post-Appeal Valuation $2,800,001
Appeal Number 1486503
Attorney/Tax Representative BENJAMIN BILTON
Applicant
Result Assessed Value Not Adjusted
Reason Insufficient Data

2021 Assessment Appeal Information

Previous Board Certified $4,550,000
Status Appeal Review Complete
Assessor Valuation $4,550,000
Assessor Post-Appeal Valuation $4,080,000
Appeal Number 409561
Attorney/Tax Representative BENJAMIN BILTON
Applicant 1242 LAKE SHORE DRIVE CORPORATION
Result Assessed Value Adjusted
Reason This result is based on consideration of submitted appraisal and an analysis of comparable properties.

2019 Assessment Appeal Information

Previous Board Certified $4,491,393
Status Appeal Review Complete
Assessor Valuation $4,491,393
Assessor Post-Appeal Valuation $4,491,393
Appeal Number 201331
Attorney/Tax Representative MARK VOLPE
Applicant 1242 LSD CORPORATION
Result Assessed Value Not Adjusted
Reason This result is based on consideration of submitted appraisal and also an analysis of comparable properties.

2018 Assessment Appeal Information

Previous Board Certified $3,500,000
Status Appeal Review Complete
Assessor Valuation $4,491,393
Assessor Post-Appeal Valuation $4,491,393
Appeal Number 206846
Attorney/Tax Representative RICHARD WORSEK
Applicant 1242 LAKE SHORE CORPOR
Result
Reason The result of a market analysis of your property as well as an analysis of comparable properties.

2016 Assessment Appeal Information

Previous Board Certified $3,112,508
Status Appeal Review Complete
Assessor Valuation $3,612,636
Assessor Post-Appeal Valuation $3,612,636
Appeal Number 180023
Attorney/Tax Representative 1242 LAKE SHORE CORPOR
Applicant JESSICA L MACLEAN
Result Assessed Value Not Adjusted
Reason This is due to an analysis of the sale of the property.

2015 Assessment Appeal Information

Previous Board Certified $2,064,362
Status Appeal Review Complete
Assessor Valuation $3,112,508
Assessor Post-Appeal Valuation $3,112,508
Appeal Number 159250
Attorney/Tax Representative 1242 LAKE SHORE CORPOR
Applicant RICHARD D. WORSEK
Result Assessed Value Not Adjusted
Reason This is the result of a Property Tax Freeze Program for Historic Residences

Certificate of Error History

Tax Year 2022
Certificate Number 10874
Property Location 1242 N LAKE SHORE DR
Issued Date
C of E Description Senior Citizen / Homeowner Cooperative
Reason The Senior Citizen Exemption was not applied.
Comments The Assessor's Office has completed processing the C of E. Please contact the Cook County Treasurer or the Cook County Clerk to determine whether you are entitled to a refund or if a balance is due.
Tax Year 2021
Certificate Number 9170
Property Location 1242 N LAKE SHORE DR
Issued Date
C of E Description Senior Citizen / Homeowner Cooperative
Reason The Senior Citizen Exemption was not applied.
Comments The Assessor's Office has completed processing the C of E. Please contact the Cook County Treasurer or the Cook County Clerk to determine whether you are entitled to a refund or if a balance is due.
Tax Year 2020
Certificate Number 12132
Property Location 1242 N LAKE SHORE DR
Issued Date
C of E Description Senior Citizen / Homeowner Cooperative
Reason The Senior Citizen Exemption was not applied.
Comments The Assessor's Office has completed processing the C of E. Please contact the Cook County Treasurer or the Cook County Clerk to determine whether you are entitled to a refund or if a balance is due.
Tax Year 2019
Certificate Number 8918
Property Location 1242 N LAKE SHORE DR
Issued Date
C of E Description Senior Citizen / Homeowner Cooperative
Reason The Senior Citizen Exemption was not applied.
Comments The Assessor's Office has completed processing the C of E. Please contact the Cook County Treasurer or the Cook County Clerk to determine whether you are entitled to a refund or if a balance is due.
Tax Year 2015
Certificate Number 16835
Property Location 1242 N LAKE SHORE DR
Issued Date
C of E Description Residential Senior Freeze
Reason The Senior Citizen Exemption was not applied.
Comments The Assessor's Office has completed processing the C of E. Please contact the Cook County Treasurer or the Cook County Clerk to determine whether you are entitled to a refund or if a balance is due.

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