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Property Details

17-16-129-087-0000

525 W VAN BUREN ST ● CHICAGO, IL ● West Chicago

Tax Details

Property Classification 591
Square Footage (Land) 41,776
Neighborhood 131
Taxcode 77158
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
Total Estimated Market Value $118,463,000 $76,000,000
Total Assessed Value $29,615,750 $19,000,000
Land Assessed Value $417,760 $417,760
Building Assessed Value $29,197,990 $18,582,240
* “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

Exemption History

Characteristics

Description Commercial buildings over three stories
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
2025 $36,862,997 (2024) $29,615,750 $36,862,997 1828153 FRANCIS W O'MALLEY Appeal Review Complete Assessed Value Adjusted - Income, Market or Cost
2024 $36,865,750 (2023) $32,856,471 $36,865,750 1203629 FRANCIS W O'MALLEY Appeal Review Complete Assessed Value Adjusted - Partial Occupancy
2023 $36,477,066 (2022) $36,477,066 $36,477,066 891677 FRANCIS W O'MALLEY Appeal Review Complete Assessed Value Not Adjusted - Income, Mkt or Cost Supports Asmt
2022 $36,477,066 (2021) $36,477,066 $36,477,066 629311 FRANCIS W O'MALLEY Appeal Review Complete Assessed Value Not Adjusted - Income, Mkt or Cost Supports Asmt
2021 $48,268,947 (2020) $36,477,066 $48,268,947 333166 FRANCIS W O'MALLEY MP 525 WEST VAN BUREN LLC Appeal Review Complete Assessed Value Adjusted - This is the result of an income, market or cost analysis.
2018 $20,875,001 (2017) $23,170,195 $32,642,115 171284 MICHAEL C. PRINZI CHRISTINE GRAY Appeal Review Complete Assessed Value Adjusted - This is the result of an income, market or cost analysis.
2017 $19,700,194 (2016) $20,875,001 $23,386,668 60324 MICHAEL C. PRINZI CHRISTINE GRAY Appeal Review Complete Assessed Value Adjusted - This is the result of an income, market or cost analysis.
2016 $19,700,192 (2015) $19,700,194 $23,377,157 138832 CHRISTINE GRAY MICHAEL C. PRINZI Appeal Review Complete Assessed Value Adjusted - This is the result of the partial occupancy of your property along with an income, market or cost analysis.
2015 $19,632,738 (2014) $19,960,246 $30,967,684 108190 CHRISTINE GRAY MICHAEL C PRINZI Appeal Review Complete Assessed Value Adjusted - This is the result of the partial occupancy of your property along with an income, market or cost analysis.
2014 $19,276,928 (2013) $20,555,028 $24,837,849 87758 CHRISTINE GRAY MICHAEL C PRINZI Appeal Review Complete Assessed Value Adjusted - This is the result of the partial occupancy of your property along with an income, market or cost analysis.
2013 $21,129,868 (2012) $21,245,039 $25,959,974 95838 MICHAEL C PRINZI Appeal Review Complete Assessed Value Adjusted - This is the result of the partial occupancy of your property alongwith an income, market or cost analysis.
2012 $22,515,073 (2011) $21,525,002 $25,953,750 82499 MICHAEL C PRINZI Appeal Review Complete Assessed Value Adjusted - This is the result of the partial occupancy of your property alongwith an income, market or cost analysis.
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