541 North Wood Street, Chicago
technical data · neighborhood and transit
Quick answers
- Does 541 North Wood Street have open permits or code violations?
- Chicago Department of Buildings lists 6 permits, all closed, and 13 violations, 11 open.
- What is the 2026 conforming loan limit in Cook County?
- $832,750 for a single-unit home, per FHFA. Larger loans are jumbo loans.
- Is radon a problem here?
- EPA radon zone 2, moderate potential.
- What natural disasters is 541 North Wood Street at risk for?
- FEMA's National Risk Index rates the area relatively low overall, with elevated cold wave risk.
Permits and code violations
Every permit on file is closed out. 11 open violations.
- Permit - renovation/alteration Oct 2019Complete
New open steel rear stair, proposed interior alterations to existing three story non commercial residence as per plans
- Permit - renovation/alteration Jun 2019Complete
Removal of existing enclosed rear porch/ stair, remove existing garage pad to remain, new unenclosed rear stair, proposed interior alterations to existing three story non commercial residence, new mep systems and new water service as per plans
- Permit – express permit program Aug 2016Complete
200 amps and electric service and electrical installation to sfh
- Permit - new construction Feb 2016Complete
Self cert; proposed 3 story frame sfr w/ full basement & attached 2 car garage.
- Permit - new construction May 2012Complete
Erect frame single family residence (4a construction) with attached 2car frame garage with roof top deck (4a construction) as per plan (zoning approved under application # 100433217). (self certification project - subject to audit & field inspection)
- Permit - renovation/alteration Apr 2008Complete
Convert existing commercial unit in 1st floor of existing 2 d.u. 3 story frame & brick building to 3rd residentila dwelling unit as per plan.
Chicago Department of Buildings
Safety and environment
FEMA natural hazard risk
Relatively Low
Highest for this area: cold wave. These drive insurance cost here.
FEMA National Risk Index, census tract
Leaking fuel tanks
19 within 1,650 ft
Nearest: Keeper Development, 1601 West Ohio Street (1,150 ft), open. 5 still open. Ask whether groundwater or soil vapor testing was done.
EPA UST Finder, leaking underground storage tank releases
Toxic release facility
450 ft
R Olson Manufacturing Co Inc and 22 more within a mile. Reports chemical releases to air, water or land to EPA each year.
EPA Toxics Release Inventory
Radon potential
Moderate
Average indoor levels of 2 to 4 pCi/L. EPA still suggests testing ground-floor and basement units.
EPA and USGS Geologic Radon Potential Map
Nearest public schools
750 ft
Talcott Elem School (750 ft), Otis Elem School (1,800 ft), Noble St Chtr-Golder College Prep (2,350 ft). Confirm the assigned school with the district.
U.S. Department of Education, NCES
Major airport
8.3 mi
Chicago Midway (MDW). Aircraft may be audible under approach paths.
FAA large-hub airports
Sinkhole-prone ground
Limestone karst
The bedrock here (dolostone (dolomite), Silurian) can dissolve and open sinkholes. Ask for a geotechnical report and check whether sinkhole coverage is in the insurance policy.
USGS Karst in the United States (OFR 2014-1156)
Conforming loan limit 2026
$832,750
Cook County. Mortgages up to this amount qualify for Fannie Mae and Freddie Mac pricing. Above it, the loan is a jumbo with stricter terms.
FHFA Conforming Loan Limit Values, one-unit
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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
More on North Wood Street
All addressesViewing 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.
- 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.
- 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.
- Look at the stairwell (cleanliness, smell) and the association's notice board: unpaid dues, conflicts, recent decisions.
- Knock on a neighboring door and ask two things: what bothers them most often, and what work is planned for the building.
Neighborhood recommendations are derived from public OpenStreetMap data and may be incomplete. Checking in person is still what matters most.
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