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    1312 W North Ave Chicago, IL 60642

    For Sale
    $1,150,000

    Three-story, 7,500 SF building with high ceilings and redevelopment potential.

    Property Features for 1312 W North Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1891

    Source: @PROPERTIES COMMERCIAL Agent MICHAEL ROURKE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity Near Lincoln Yards

    This 7,500 square-foot building, spanning three floors, features ceiling heights of 12 to 14 feet throughout. The high ceilings allow for ample natural light. Formerly a private residence, the property is located on the southern edge of Lincoln Yards. Parking is available adjacent to the building. The property offers redevelopment opportunities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.661565
    Latitude
    41.910988

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    FAQs

    What type of property is this?
    Office building - Three-story, 7,500 SF building with high ceilings and redevelopment potential.
    Where is this office building located?
    The property is located at 1312 W North Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Located on the Southern edge of Lincoln Yards.; - 7500 sf over 3 floors.; - 12-14' ceilings throughout.
    Request Owner's contact information
    1312 W North Ave Chicago, IL 60642
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1312 W North Ave Chicago, IL 60642
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