Financial
Distress signals
Property profile

2701 N Harlem Ave Chicago, IL 60707

FOR SALE
Retail space
Property ID
US28-0989473
9,500 SF 0.35 ac lot Built 1962
Last sale Sep 2017 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 17,475-square-foot industrial building with approximately 2,500 square feet of office space. The warehouse portion offers 20-foot clear height on the first floor and 16-foot clear height on the second floor, and it is equipped with four loading docks. The building has a history of use as a corned beef factory and includes a cooler/freezer and a floor drain, making it configured for food-related business use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$82k
Tax billed · 2022
Assessed value$397k
Assessed land$69k
Assessed improvement$329k
Effective rate20.57%

Value estimate

· Sep 2026
$450k
$405k – $495k
Submarket $/SF estimate$1.20M
NOI build-up
Gross scheduled income$165k
Vacancy & credit loss−$8k
Operating expenses−$47k
NOI · 3.85% cap applied$110k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$55 – $127
Qualifying comparables10

Cap rate analysis

How does the asset earn?
3.85%
$110k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm25.0
Smoke and Vape Shop12.4
Food Market11.7

Location

2701 N Harlem Ave Chicago, IL 60707
County assessor Recorded deeds · 2 transfers 10 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
2447 Harlem, Chicago, IL 60707-2047 $700,000 Oct 2024 6,600 SF
2657 Harlem, Chicago, IL 60707-1629 $900,000 Feb 2024 7,100 SF
2661 Harlem, Chicago, IL 60707-1629 $900,000 Feb 2024 7,100 SF
1915 Harlem, Chicago, IL 60707-3718 $725,000 Jul 2023 8,900 SF
1701 Harlem, Chicago, IL 60707-4305 $1,775,000 Nov 2022 5,300 SF
7012 Wn, Chicago, IL 60707-4306 $375,000 Oct 2022 4,400 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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