Chicago

501-507 North Wells Street, Chicago

Apartment buildingAnn Sacks

technical data · neighborhood and transit

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501-507 North Wells Street, ChicagoOpen map

Permits and code violations

8 permits not closed out. Unfinished permits pass to the next owner. 4 open violations.

  1. Permit - renovation/alteration Mar 2026Active

    Self-cert 2019 cbrc: interior renovation of existing hair salon at 1st floor and basement in existing iii-a masonry building. change in use from group b business personal service to group a-2 assembly general restaurant.

  2. Permit - renovation/alteration Apr 2025Complete

    Construct replacement 2 story open frame wood porches on the north and east courtyard elevations of a 4 story masonry residential/retail mixed used building per plans

  3. Permit – express permit program Jul 2024Complete

    Concrete masonry repair / replacemnt: 90sq. ft., excavation = no. location: basement.

  4. Permit - easy permit process Oct 2018

    Tuckpointing - no structural work - 600 sqft

  5. Permit - signs Dec 2017

    Sign b: vinyl graphics applied to windows on south elevation.note: these graphics are temporary and will be removed within approximately 3 months after installation as the sales center will be relocating.

  6. Permit - signs Dec 2017

    Sign c: vinyl graphics applied to windows on south elevation.note: these graphics are temporary and will be removed within approximately 3 months after installation as the sales center will be relocating.

  7. Permit - signs Nov 2017

    Sign a: vinyl graphics applied to windows on south elevation.note: these graphics are temporary and will be removed within approximately 3 months after installation as the sales center will be relocating.

  8. Permit – express permit program Aug 2017Complete

    Install (4) 120 v outlets off of existing circuits, install (6) lights from existing circuits. relocate (1) 100 a. sub-panel, 10' from existing location.

  9. Permit - renovation/alteration Jul 2014Complete

    Remodel interior of existing first floor and basement mercantile/business space.

  10. Permit – express permit program Nov 2013Complete

    Installation of low voltage burglar alarm # 326-23387 resi apt 3e

  11. Permit – express permit program Sep 2010Complete

    Upgrade lighting fixtures and add general outlets

  12. Permit - easy permit process Jul 2010

    Repair porch-reinforce and upgrade hardware-no structural-same as existing

Chicago Department of Buildings

Safety and environment

Major airport

9.4 mi

Chicago Midway (MDW). Aircraft may be audible under approach paths.

FAA large-hub airports

Sunlight

How the sun hits 501-507 North Wells Street, Chicago

Building typeApartment building

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Who lives and works in Chicago

Trading floors, logistics and the deepest architecture stock in America

Chicago carries a full corporate economy at a price the coasts do not match. Neighborhoods are distinct and walkable, two and three flats are everywhere, and the Loop still sets the commute for finance, law and consulting.

$71,673
median household income
18.9%
residents aged 25 to 34
45%
households that own their home

What pays the bills

  • Finance and trading
  • Logistics and rail
  • Law and consulting
  • Healthcare
  • Manufacturing

Who anchors the economy

CME Group · Boeing suppliers · University of Chicago · Northwestern Medicine · United Airlines

The market is shaped around

  • Young professionals
  • Families buying space
  • Two and three flat owners
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Viewing recommendations

What's worth checking in person before deciding.

  • Test water pressure and temperature at the tap, in the bathroom and kitchen, for at least a minute.
  • Look at the stairwell (cleanliness, smell) and the association's notice board: unpaid dues, conflicts, recent decisions.
  • Ask specifically where you'd park: is there paid city parking, who currently holds it, what the permit costs, and how long the waitlist is.
  • Knock on a neighboring door and ask two things: what bothers them most often, and what work is planned for the building.
  • Schedule a viewing on a weekday too, between 6:00 and 7:30 PM, the window when the building is busiest: neighbors, parking, elevator.
  • Ask for the latest maintenance bill from a winter month, not a summer one: that's where the real cost of living there shows up.

Neighborhood recommendations are derived from public OpenStreetMap data and may be incomplete. Checking in person is still what matters most.