Property profile

1901 Springfield Ave Chicago, IL 60647

OFF-MARKET
Other industrial properties
Property ID
US28-0311546
147,000 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

In Logan Square, this multi-tenant, multi-use building contains industrial, flex, and storage spaces. The lower level provides approximately 40,000 square feet that is divisible into units of about 4,000 square feet, with a 10-foot ceiling height. Access is provided via a loading dock and a freight elevator rated for 10,000 lbs capacity. The layout is suited for a range of small to mid-size business uses, including artists, photographers, manufacturing, warehouse, and office functions, and the building was renovated in 2020 with newer electric, water, and gas systems. The property is located about two blocks from the 606 Trail.

Property profile

Verified
Property type Other industrial properties
Total area 147,000 SF
UPID US28-0311546

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1901 Springfield Ave Chicago, IL 60647
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1901 Springfield Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message