197 WATER ST.
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Location
197 WATER ST.
Map/Lot #
586/ / 049/000 000/000
Acct#
586049000000000
Owner
KEENE VENTURES LLC
Building Name
Total Market Value
$13,226,200
Appraisal
$13,226,200
PID
1837
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$12,464,200$762,000$13,226,200
Assessment
Valuation YearImprovementsLandTotal
2025$12,464,200$762,000$13,226,200

Parcel Addresses
Additional Addresses

No Additional Addresses available for this parcel


Owner of Record
OwnerKEENE VENTURES LLC
Co-Owner
Address853 N ELSTON AVE #1
CHICAGO, IL 60642
Sale Price$13,758,000
Book3331
Page0693
Sale Date11/12/2025

Ownership History
Ownership History
OwnerSale PriceSale DateBookPage
KEENE VENTURES LLC$13,758,00011/12/202533310693
AH KEENE LLC$012/19/201830520456
AH KEENE LLC$11,276,20012/18/201830510106
BENTLEY COMMONS - KEENE LLC$770,00004/18/200724290433
WALKER WILLIAM C$172,50012/16/198511160617

Building Information
Building 1 : Section 1
Year Built: 2007
Living Area: 106,927
Replacement Cost: $13,309,752
Building Percent Good: 91
Replacement Cost
Less Depreciation:
$12,111,900
Building Attributes
FieldDescription
Style:Apartments
Model:Commercial
GradeA-
Stories:1
Occupancy109.00
Exterior Wall 1Brick Veneer
Exterior Wall 2 
Roof StructureFlat
Roof CoverMembrane
Interior Wall 1Drywall/Sheetrock
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Vinyl/Tile
Heating FuelOil
Heating TypeHot Air
Air ConditioningCentral
Bldg UseApartments - Com
Bedrooms129
Full Baths129
Half Baths 
FrameWood Frame/Joist/Beam
PlumbingNormal
PartitionsNormal
Wall Height10.00
FBLA 
Condo Complex 
Cov Park Spaces 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
APTApartment 89,742 89,742
RESRestaurant 10,585 10,585
AOFOffice Area 4,900 4,900
OFFOffice 1,700 1,700
CRGCanopy Roof Good 760 0
ROPOpen Porch 262 0
RPCPatio Concrete 1,396 0
SUPSupport 352 0
   109,697 106,927
Building 2 : Section 1
Year Built: 2000
Living Area: 264
Replacement Cost: $47,742
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$40,100
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Telephone Bldg
Model:Commercial
GradeA+
Stories:1
Occupancy0.00
Exterior Wall 1Concrete Load Bearing
Exterior Wall 2 
Roof StructureFlat
Roof CoverTypical
Interior Wall 1Typical
Interior Wall 2 
Interior Floor 1Concrete
Interior Floor 2 
Heating FuelNone
Heating TypeNone
Air ConditioningCentral
Bldg UseCommercial Improved
Bedrooms 
Full Baths 
Half Baths 
FrameFire Proof
PlumbingNone
PartitionsNormal
Wall Height8.00
FBLA 
Condo Complex 
Cov Park Spaces 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
WHSWarehouse 264 264
   264 264

Extra Features
Extra Features
CodeDescriptionSizeAssessed ValueBldg #
SPR1SPRINKLERS-WET107930.00 SF$108,0001
ELV3ELEV PAS 4-7 STOPS2.00 UNITS$142,3001

Land
Land Use
Use Code108
DescriptionApartments - Com  
ZoneBGR
Category
Land Line Valuation
Size (Acres)4.1
Depth
Total Market Land$762,000
Appraised Value$762,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeAssessed ValueBldg #
PAV1PAVING- ASPHALT  31800.00 S.F.$47,7001
PAV2PAVING- CONC  3500.00 S.F.$13,1001
PAV2PAVING- CONC  160.00 S.F.$6001
LGT1POLE & SINGLE LIGHT  1.00 UNITS$5001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$12,464,200$762,000$13,226,200

Assessment
Valuation YearImprovementsLandTotal
2024$12,464,200$762,000$13,226,200

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