720 UNIVERSITY AV
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Location
720 UNIVERSITY AV
Mblu
22/ 11/ 107/ /
Acct#
Owner
720 UNIVERSITY PROPERTY, LLC
Assessment
$10,720,700
Appraisal
$10,720,700
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$4,751,400$5,969,300$10,720,700
Assessment
Valuation YearImprovementsLandTotal
2026$4,751,400$5,969,300$10,720,700

Owner of Record
Owner720 UNIVERSITY PROPERTY, LLC
Co-Owner
Address5 REVERE DR SUITE 206
NORTHBROOK, IL 60062
Sale Price$8,500,000
Certificate
Book & Page LC198191/0
Sale Date06/05/2018
Instrument1O

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
720 UNIVERSITY PROPERTY, LLC$8,500,000 LC198191/01O06/05/2018
MEDICAL INFORMATION TECH INC$0  /0  

Building Information
Building 1 : Section 1
Year Built: 1988
Living Area: 81,539
Replacement Cost: $9,526,136
Building Percent Good: 47
Replacement Cost
Less Depreciation:
$4,477,300
Building Attributes
FieldDescription
Style:Class A Office
ModelCommercial
GradeAverage
Stories:3
Occupancy1.00
Exterior Wall 1Brick Veneer
Exterior Wall 2Pre-finsh Metl
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Laminate
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseCLASS A/B OFC
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:3400
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 52,568 52,568
BASFirst Floor 28,971 28,971
   81,539 81,539

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELV1PSNGR. ELEV3.00 UNITS$70,5001
SPR1SPRINKLERS-WET81539.00 S.F.$38,3001

Land
Land Use
Use Code3450
DescriptionCLASS A/B OFC  
ZoneLM
NeighborhoodUNI
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)22.71
Frontage0
Depth0
Assessed Value$5,969,300
Appraised Value$5,969,300

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  152500.00 S.F.$152,5001
LT1LIGHTS-IN W/PL  4.00 UNITS$2,5001
LT10W/DOUBLE LIGHT  4.00 UNITS$7,6001
SHD1SHED FRAME  192.00 S.F.$2,7001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$4,751,400$5,969,300$10,720,700
2025$4,652,700$5,824,700$10,477,400
2024$4,619,700$5,824,700$10,444,400

Assessment
Valuation YearImprovementsLandTotal
2026$4,751,400$5,969,300$10,720,700
2025$4,652,700$5,824,700$10,477,400
2024$4,619,700$5,824,700$10,444,400

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