Financial
Distress signals
Property profile

11247 S Michigan Ave Chicago, IL 60628

FOR SALE
Commercial real estate
Property ID
US28-2937947
0.19 ac lot
Last sale Dec 1998
Individually Owned Owner of record is an individual. 27-yr Hold Held for 27 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
11247 S Michigan Ave, Chicago, IL 60628 For Sale
Contact for pricing
11247 S Michigan Ave, Chicago, IL 60628
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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?
$6k
Tax billed · 2022
Assessed value$25k
Assessed land$19k
Assessed improvement$6k
Effective rate25.66%

Value estimate

· Sep 2026
$290k
$261k – $319k
AI approach$290k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$435/SF
Submarket average, outlier-cleaned · 999 recorded sales of this use type
Observed band · Q1–Q3$141 – $917

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm25.6
Realty agency22.4
Dental Office13.8

Location

11247 S Michigan Ave Chicago, IL 60628
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11315 Corliss, Chicago, IL 60628 $2,000,000 Jul 2025 N/A
11301 Corliss Ave, Chicago, IL 60628 $2,000,000 Jul 2025 N/A
11331 Corliss, Chicago, IL 60628 $2,000,000 Jun 2025 N/A
10014 Halsted, Chicago, IL 60628 $2,550,000 Feb 2025 N/A
10042 Halsted, Chicago, IL 60628 $2,550,000 Feb 2025 N/A
10012 Halsted, Chicago, IL 60628 $2,550,000 Nov 2024 N/A
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?”
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