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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Office Spaces
555 Jackson Blvd Chicago, IL 60661-5700
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2324946
Property summary
AI-generated overview
This exceptional 7-story, 30,000-square-foot multifamily property, with hotel-style amenities, is ideally situated at 555 W Jackson Blvd in Chicago, IL, 60661. Boasting 51 brand-new, fully furnished, loft-style apartments with 11-foot ceilings and windows on three sides, this building offers abundant natural light. The property includes 16 gated parking spaces and a fitness center. A significant advantage is its location adjacent to Lou Mitchell's, a nationally registered historic landmark, ensuring no future development can obstruct its views or access. The property features a 6.00% cap rate and a net operating income (NOI) of $1,027,502, with an asking price of $17,900,000 ($574.30/sq ft). The property is comprised of multiple APNs: 17-16-119-067-1001
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2002
Lot
0.2 ac (8,709 SF)
APN
17-16-119-067-1002
UPID
US28-2324946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jerome F. Marconi Jr. Law Firm
-
Dearborn Capital Management/Grant Park Funds Financial Advisor
-
Sonder The Burnham Apartment Building
-
P-Shot Clinic Medical Clinic
-
Priapus Shot clinic for men Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
Mariah Properties LLC · 5 yrs held
Mariah Properties LLC
since 2021
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,975,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10% · vs last sale $1.75M (Jun 16 2021)
Last sale anchor
$1.75M
Jun 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$20,901
Tax year 2022
Assessed value
$101,270
Assessed 2022
Previous assessed
$104,779
-3.3% YoY
Effective rate
20.64%
On assessed value
Assessed land
$725
Assessed improvement
$100,545
Land market value
$2,900
Improvement market value
$402,180
Total market value
$405,080
Applied tax rate
77,109.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2002
Heating
NONE
Lot
0.2 ac (8,709 SF)
APN
17-16-119-067-1002
UPID
US28-2324946
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mariah Properties LLC
Entity
Mailing address
555 W JACKSON BLVD, CHICAGO, IL 60661-5700
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
$1,750,000
Mariah Properties LLC
Mikevin Holdings LLC
Warranty Deed
—
Dec 8, 2004
$650,000
Roger A Quick
555 Jackson LLC
Grant Deed
$580,000 · Harris Trust & Savings Bank
—
—
Mikevin Holdings LLC
—
Deed Of Trust
related
$572,532 · Harris Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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