Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

1240 Chicago Ave 44 Evanston, IL 60202

OFF-MARKET
Retail space
Property ID
US28-0774364
1,906 SF 0.21 ac lot Built 1885
Last sale Feb 2022 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of redevelopment land on a corner location in Evanston, Illinois, approximately one block south of downtown and within walking distance of the Dempster CTA station. The site includes options for assembling two parcels: one parcel identified as 1240 Chicago (approximately 17,056 square feet) or, alternatively, combining 614 Dempster with the vacating of an adjacent alley (approximately 7,340 square feet) to achieve a combined assembled footprint of approximately 24,400…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$24k
Tax billed · 2022
Assessed value$101k
Assessed land$45k
Assessed improvement$55k
Effective rate23.75%

Value estimate

· Oct 2026
$1.44M
$1.29M – $1.58M
AI approach$1.39M

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271
Qualifying comparables15

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.9
Smoke and Vape Shop10.9
Storage Facility10.7

Location

1240 Chicago Ave, Unit 44 Evanston, IL 60202
County assessor Recorded deeds · 6 transfers 15 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
711 Howard, Evanston, IL 60202-3915 $225,000 Oct 2024 No data
1903 Howard, Evanston, IL 60202-3633 $1,375,000 Aug 2024 No data
739 Howard, Evanston, IL 60202-3915 $950,000 Jun 2024 No data
2100 Lee, Evanston, IL 60202-1539 $150,000 Feb 2024 No data
600 Hartrey, Evanston, IL 60202-1959 $650,000 Aug 2023 No data
2424 Oakton, Evanston, IL 60202-2744 $2,850,000 Jan 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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