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Property Details
17-03-111-005-0000
1242 N LAKE SHORE DR ● CHICAGO, IL ● North Chicago
Tax Details
Property Classification
213
Square Footage (Land)
5,490
Neighborhood
22
Taxcode
74002
Next Scheduled Reassessment
2027
Assessed Valuation
2020 Assessor Certified values include adjustments, where applicable, for COVID-19 effects on property.
2026 Assessor Valuation
2025
Board of Review Certified
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
Exemption Status
| Year | Exemption type and amount |
|---|---|
| 2025 | Homeowner | $0.00 |
| 2025 | Senior Citizen | Yes |
| 2025 | Senior Freeze | N/A |
| 2025 | Dis. Person Exemption | N/A |
| 2025 | Dis. Veteran Exemption | N/A |
| 2024 | Homeowner | $0.00 |
| 2024 | Senior Citizen | Yes |
| 2024 | Senior Freeze | N/A |
| 2024 | Dis. Person Exemption | N/A |
| 2024 | Dis. Veteran Exemption | N/A |
| 2023 | Homeowner | $13,990.00 |
| 2023 | Senior Citizen | $1,119.20 |
| 2023 | Senior Freeze | N/A |
| 2023 | Dis. Person Exemption | N/A |
| 2023 | Dis. Veteran Exemption | N/A |
| 2022 | Homeowner | N/A |
| 2022 | Senior Citizen | $1,125.60 |
| 2022 | Senior Freeze | N/A |
| 2022 | Dis. Person Exemption | N/A |
| 2022 | Dis. Veteran Exemption | N/A |
Exemption History
2024
Homeowner, and Senior Citizen exemption was applied to the property this year.
2023
Homeowner, and Senior Citizen exemption was applied to the property this year.
2022
Senior Citizen exemption was applied to the property this year.
2021
Characteristics
Description
Cooperatives
Age
**
Building Square Footage
**
Assessment Phase
Assessor Valuation
1 Excluded from building square footage, except apartment
2 Excluded from building square footage
* “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
Appeal History
| Year | Previous Board Certified | Assessor Post-Appeal Valuation | Assessor Valuation | Appeal Number | Attorney/Tax Representative | Applicant | Status | Result |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,800,001 (2023) | $2,800,001 | $2,800,001 | 1486503 | BENJAMIN BILTON | Appeal Review Complete | Assessed Value Not Adjusted - Insufficient Data | |
| 2021 | $4,550,000 (2020) | $4,080,000 | $4,550,000 | 409561 | BENJAMIN BILTON | 1242 LAKE SHORE DRIVE CORPORATION | Appeal Review Complete | Assessed Value Adjusted - This result is based on consideration of submitted appraisal and an analysis of comparable properties. |
| 2019 | $4,491,393 (2018) | $4,491,393 | $4,491,393 | 201331 | MARK VOLPE | 1242 LSD CORPORATION | Appeal Review Complete | Assessed Value Not Adjusted - This result is based on consideration of submitted appraisal and also an analysis of comparable properties. |
| 2018 | $3,500,000 (2017) | $4,491,393 | $4,491,393 | 206846 | RICHARD WORSEK | 1242 LAKE SHORE CORPOR | Appeal Review Complete | - The result of a market analysis of your property as well as an analysis of comparable properties. |
| 2016 | $3,112,508 (2015) | $3,612,636 | $3,612,636 | 180023 | 1242 LAKE SHORE CORPOR | JESSICA L MACLEAN | Appeal Review Complete | Assessed Value Not Adjusted - This is due to an analysis of the sale of the property. |
| 2015 | $2,064,362 (2014) | $3,112,508 | $3,112,508 | 159250 | 1242 LAKE SHORE CORPOR | RICHARD D. WORSEK | Appeal Review Complete | Assessed Value Not Adjusted - This is the result of a Property Tax Freeze Program for Historic Residences |
Certificate of Error History
| Year | Certificate Number | Property Location | Issued Date | C of E Description | Reason | Comments |
|---|---|---|---|---|---|---|
| 2022 | 10874 | 1242 N LAKE SHORE DR | Senior Citizen / Homeowner Cooperative | The Senior Citizen Exemption was not applied. | 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. | |
| 2021 | 9170 | 1242 N LAKE SHORE DR | Senior Citizen / Homeowner Cooperative | The Senior Citizen Exemption was not applied. | 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. | |
| 2020 | 12132 | 1242 N LAKE SHORE DR | Senior Citizen / Homeowner Cooperative | The Senior Citizen Exemption was not applied. | 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. | |
| 2019 | 8918 | 1242 N LAKE SHORE DR | Senior Citizen / Homeowner Cooperative | The Senior Citizen Exemption was not applied. | 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. | |
| 2015 | 16835 | 1242 N LAKE SHORE DR | Residential Senior Freeze | The Senior Citizen Exemption was not applied. | 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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