PROPERTY VALUES

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How much is the land of the lakefill worth?

 

Much of the land created by lakefill is now part of the Chicago Park District and therefore owned by the city. By definition, the property value of this land is not assessed.

 

While it was not possible to calculate the overall assessed value of all private property located on the lakefill, as a sample, below are the top ten highest priced buildings and properties in the Streeterville neighborhood bounded by Oak Street on the north, Michigan Avenue on the west, the Chicago River on the south, and Lake Michigan on the east.

Top 10 highest priced buildings:

Water Tower Place

835 N. Michigan Avenue

$86,302,924

Hancock Tower 

875 N. Michigan Avenue

$70,163,974

Sheraton Grand Chicago Hotel

301 E. North Water Street

$47,197,504

Equitable Building

401 N. Michigan Avenue

$41,314,842

Loews Chicago Hotel

455 N. Park Drive

$30,391,131

Tribune Tower

435 N. Michigan Avenue

$18,003,624

Drake Hotel

140 E. Walton Place

$16,283,026

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