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    58 E Chicago Ave Chicago, IL 60611

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    For Sale
    $18,747,747

    Mixed-use building in a high-traffic, desirable Chicago location.

    Property Features for 58 E Chicago Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1891

    Source: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO Agent MICHAEL ROSENBLUM

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

    Overview

    Prime Mixed-Use Chicago Avenue Property

    Located on Chicago Avenue between Wabash and Rush Street, this mixed-use property is situated next to the Park Hyatt and Michigan Avenue. The building features three large commercial spaces fronting Chicago Avenue and 25 residential units. The property is zoned DX-12, which is described as the highest and most desirable commercial zoning available in Chicago. The property's location is described as being in the heart of all the action.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6260363
    Latitude
    41.8969492

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in a high-traffic, desirable Chicago location.
    Where is this mixed-use property located?
    The property is located at 58 E Chicago Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $18,747,747.
    What are key features of this property?
    This property features: - Premier Location: Situated on E. Chicago Avenue, between Wabash and Rush Street, adjacent to the Park Hyatt and Michigan Avenue.; - High-Density Zoning: DX-12 zoning, the highest and most desirable commercial zoning in Chicago.; - Mixed-Use Property: Features three large commercial spaces fronting Chicago Avenue and 25 residential units.
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    58 E Chicago Ave Chicago, IL 60611
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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
    58 E Chicago Ave Chicago, IL 60611
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