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Property profile & analytics
FOR SALE
Office Spaces
111 N Wabash Ave 620 Chicago, IL 60602
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-0982116
For Sale
1 / 46
$3,500,000
111 N Wabash Ave,Unit 620, Chicago, IL 60602
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1917
Lot
0.36 ac (15,876 SF)
APN
17-10-309-016-1024
UPID
US28-0982116
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Hatti Group Re Chicago LLC · 9 yrs held
Hatti Group Re Chicago LLC
since 2017
Last sale
$1.6M
7 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
$1,940,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10% · vs last sale $1.58M (Feb 24 2025)
Last sale anchor
$1.58M
Feb 24 2025
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
$66,384
Tax year 2022
Assessed value
$322,752
Assessed 2022
Previous assessed
$233,927
+38.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$68,969
Assessed improvement
$253,783
Land market value
$275,876
Improvement market value
$1,015,132
Total market value
$1,291,008
Applied tax rate
76,015.0000
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
For Sale
Year built
1917
Heating
NONE
Lot
0.36 ac (15,876 SF)
APN
17-10-309-016-1024
UPID
US28-0982116
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
1917
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Hatti Group Re Chicago LLC
Entity
Mailing address
111 N WABASH AVE STE #620, CHICAGO, IL 60602-1914
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2017
—
Hatti Group Re Chicago LLC
Metropolitan Diagnostic Imagin
Quit Claim Deed
related
—
Sep 22, 2014
$1,599,500
Metropolitan Diagnostic Imagin
Millennium Park Professional O
Warranty Deed
$1,500,000 · Bancorp Bk
—
—
Millennium Park Professional
—
Loan Modification
related
$4,981,395 · First Midwest Bank
—
—
Metropolitan Diagnostic Imagin
—
Deed Of Trust
related
$350,000 · First Hm Bk
—
—
Metropolitan Diagnostic Imagin
—
Deed Of Trust
related
$590,000 · Bancorp Bk
—
—
Park L Millennium
—
Deed Of Trust
related
$5,525,000 · First Midwest Bank
—
—
Hatti Group Re Chicago LLC
—
Loan Modification
related
$2,090,000 · Bancorp Bk
—
—
Hatti Group Re Chicago LLC
—
Deed Of Trust
related
$5,000,000 · Hinsdale Bk&tr
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.
Try Rey
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