Property Tax Incentive Approved for North Side Mirror and Framing Firm

May 8, 2013

312.744.9267

A 70-year-old frame and mirror company will maintain its 23-person manufacturing complex in West Town through property tax incentive renewal approved today by City Council.

The Class 6(b) incentive will help Stonemill Keep Properties LLC, which operates under the name of Armand Lee & Co., by lowering the property tax rate on its 13,000-square-foot industrial building at 840 N. Milwaukee Ave.  The lowered rate is valued at $209,000 over the next 12 years.

Armand Lee & Co. is known for its custom-made mirrors, frames and meticulously restored fine art, furniture and antiques, many of which are displayed and sold at the nearby Merchandise Mart.

The incentive, available through Cook County, will renew an earlier property tax incentive that helped the company rehabilitate the facility for its current uses. 

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