940-942 West Lake Street, Chicago
technical data · neighborhood and transit
Quick answers
- Does 940-942 West Lake Street have open permits or code violations?
- Chicago Department of Buildings lists 20 permits, 11 not closed, and 9 violations, 2 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 940-942 West Lake Street at risk for?
- FEMA's National Risk Index rates the area relatively high overall, with elevated tornado and inland flooding risk.
Permits and code violations
11 permits not closed out. Unfinished permits pass to the next owner. 2 open violations.
- Permit - renovation/alteration Sep 2023Complete
Spr 2019 cbrc - revisions to existing building permit # 100938291per building inspector request:1. provide fire rated closet + door for gas meters in stair 2 only2. provide fire rated furnace access door in unit 4 @ 2nd floor3. provide 1 hr fire barrier paint intumescent over existing gas soffit in stair #2 only.**certified corrections subject to field inspections & audit **
- Permit - renovation/alteration May 2023Complete
Revisions to existing building permit 100938291per building inspector's request:1. provide a minimum 21sq ft of borrowed light in unit 2 2nd floor and unit 1 on 3rd floor.2. furnace need to sit on non-combustible surface.3. provide fire rated furnace access door in unit 4 2nd floor.4. provide 2 hr rated enclosure for gas pipping in stairwell.5. provide electrical load calculation and one line diagram to reflect installation and change of electrical contractor.
- Permit - easy permit process May 2023
Change hvac contractor only to zelos inc, on original permit #100938291, issued on 1/10/2022. work per original approved plans/permit. no other work under this permit.
- Permit – express permit program May 2023Complete
Change of electrical contractor to permit number 100961619
- Permit - easy permit process Feb 2023
Windows (partial replacement only): qty 55
- Permit - renovation/alteration Jan 2023Cancelled
Spr 2019 cbc the current use is commercial and residential; current and proposed occupancy is group a-2 and r-2 assembly.spr 2019 cbc: installation of metal canopy over existing entrance per plans `**certified plans corrections: conditional permit subject to field inspections **
- Permit - renovation/alteration Jan 2022Complete
Spr 2019 cbc current use commercial / office & current occupancy group b assembly. proposed mixed use building & proposed occupancy is group a-2 assembly & r-2,.scope of work: conversion of 2nd-3rd floor office use to 9 multi-family apartment units + new workout room @ roof deck level per plans, existing ground floor restaurant use to remain **certified plans corrections: conditional permit subject to field inspections **
- Permit - signs Jan 2020
Install one internally illuminated blade sign to building facade facing w lake st. face of sign to be opaque with only graphics illuminated. attachments at mortar joints only.
- Permit - signs Oct 2019
Install one set of internally illuminated letters to building facade facing w lake street
- Permit - signs Apr 2019
Bar takito letters_north elevation
- Permit - signs Apr 2019
Bar takito letters_south elevation
- Permit - signs Apr 2019
Bar takito letters _west elevation
Chicago Department of Buildings
Safety and environment
FEMA natural hazard risk
Relatively High
Highest for this area: tornado, inland flooding, heat wave, cold wave. These drive insurance cost here.
FEMA National Risk Index, census tract
Leaking fuel tanks
27 within 1,650 ft
Nearest: Synergy Creative, Inc., 1039 West Lake Street (650 ft), open. 6 still open. Ask whether groundwater or soil vapor testing was done.
EPA UST Finder, leaking underground storage tank releases
Toxic release facility
850 ft
Prairie Material Sales Inc Yard 32 and 23 more within a mile. Reports chemical releases to air, water or land to EPA each year.
EPA Toxics Release Inventory
Historic listing nearby
400 ft
Building at 900 West Lake Street. Exterior changes can need preservation review; listed buildings can qualify for rehabilitation tax credits.
National Park Service, National Register
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
Wildfire risk
Very Low
Wildfire risk is low enough that standard home insurance usually covers it.
FEMA National Risk Index
Nearest public schools
3,500 ft
Ogden Int High School (3,500 ft), Noble St Chtr Rauner College Prep (3,550 ft), Otis Elem School (4,250 ft). Confirm the assigned school with the district.
U.S. Department of Education, NCES
Major airport
8.6 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 West Lake 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.
- Knock on a neighboring door and ask two things: what bothers them most often, and what work is planned for the building.
- 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.
- Look at the stairwell (cleanliness, smell) and the association's notice board: unpaid dues, conflicts, recent decisions.
- 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.
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