Financial
Distress signals
Property profile

650 W 51St St Chicago, IL 60609

FOR LEASE
Industrial properties
Property ID
US28-2547513
24,800 SF 5.57 ac lot Built 1985
Last sale Oct 2025 · $10,336,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
650 W 51St St, Chicago, IL 60609 For Lease
$530,000
650 W 51St St, Chicago, IL 60609
View Listing

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$58k
Tax billed · 2022
Assessed value$279k
Assessed land$243k
Assessed improvement$36k
Effective rate20.63%

Value estimate

· Sep 2026
$530k
$477k – $583k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$17 – $107
Qualifying comparables5

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency32.2
Law Firm30.7
Dental Office20.0

Location

650 W 51St St Chicago, IL 60609
County assessor Recorded deeds · 2 transfers 5 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3545 Morgan, Chicago, IL 60609-1525 $2,300,000 Dec 2025 17,000 SF
4292 Un, Chicago, IL 60609 $10,336,500 Jul 2025 12,300 SF
822 Exchange, Chicago, IL 60609-2507 $920,000 May 2025 13,000 SF
1018 37th, Chicago, IL 60609-1407 $450,000 Sep 2024 41,600 SF
1021 48th, Chicago, IL 60609 $1,700,000 Mar 2024 52,000 SF
913 49th, Chicago, IL 60609 $400,000 Jan 2024 13,600 SF
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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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