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Financial
Distress signals
Property profile

11109 S Michigan Ave Chicago, IL 60628

FOR SALE
Retail space
Property ID
US28-1405556
11,400 SF 0.12 ac lot Built 1892
Last sale Dec 2022 · $125,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 10,200-square-foot single-tenant warehouse, located at 11109 S Michigan Ave in Chicago, IL (60628), presents a compelling opportunity. Situated on a 10,200-square-foot lot, this Class C building boasts a main floor and lower level, each spanning 5,100 square feet. Built in 1920 and renovated in 2000, the property features alley access to both floors, providing convenient loading and unloading. The building is zoned B1-3 and benefits from a generous gross lease of $4,500 per month,…

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?
$17k
Tax billed · 2022
Assessed value$68k
Assessed land$12k
Assessed improvement$56k
Effective rate25.66%

Value estimate

· Oct 2026
$100k
$90k – $110k
AI approach$105k
NOI build-up
Gross scheduled income$220k
Vacancy & credit loss−$19k
Operating expenses−$60k
NOI · 60.05% cap applied$141k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
ZIP average, outlier-cleaned · 77 recorded sales of this use type
Observed band · Q1–Q3$45 – $126
Qualifying comparables14

Cap rate analysis

How does the asset earn?
60.05%
$141k 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 Firm33.1
Realty agency30.7
Dental Office20.3

Location

11109 S Michigan Ave Chicago, IL 60628
County assessor Recorded deeds · 3 transfers 14 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
121 115th, Chicago, IL 60628 $350,000 Apr 2025 10,500 SF
237 115th, Chicago, IL 60628-5014 $150,000 Jan 2025 6,300 SF
12305 Halsted, Chicago, IL 60628-6429 $175,000 Sep 2024 3,600 SF
11151 Michigan, Chicago, IL 60628-4322 $130,000 May 2024 11,400 SF
11643 Halsted, Chicago, IL 60628-5236 $770,000 Apr 2024 3,200 SF
11649 Halsted, Chicago, IL 60628 $770,000 Apr 2024 3,200 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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