Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1200 Huron St Chicago, IL 60642-6012
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 Huron St Chicago, IL 60642-6012

    View on Map
    • Residential income homes
    • 2,826 SF
    • 0.05 lot acres
    Off-Market
    Last Sale Aug 4, 2023
    Property ID
    US28-2214167
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1200 Huron St

    Year built
    1913
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    2,826 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    17-08-107-049
    APU
    1708107049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $785,000
      Market price range: $635k - $1.12M
      AI Estimate
      $388,000
      Market price range: $282k - $565k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $845,000
      Current use
      RETAIL STORES
      $760,000
      Change: -10% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $675,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6576
    Latitude
    41.8946
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,613
    $13,248
    $52,937
    $66,185
    -
    $132,480
    $529,370
    $661,850

    Comparable in this City

    • Value Estimation
      $1,215,000
      7,575 SF

      610 Bishop St, Unit 3

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,575 SF
      610 Bishop St, Chicago, IL 60642-6211
      View Details
    • Value Estimation by Request
      1,760 SF

      715 Willard Ctc

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,760 SF
      715 Willard Ctc, Chicago, IL 60642-6013
      View Details
    • Value Estimation
      $690,000
      3,292 SF

      1067 Fry St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,292 SF
      1067 Fry St, Chicago, IL 60642-5422
      View Details
    • Value Estimation
      $700,000
      4,223 SF

      1201 Fry St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,223 SF
      1201 Fry St, Chicago, IL 60642
      View Details
    • Value Estimation by Request
      2,070 SF

      1439 Fry St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,070 SF
      1439 Fry St, Chicago, IL 60642-5506
      View Details
    • Value Estimation
      $630,000
      3,175 SF

      1065 Fry St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,175 SF
      1065 Fry St, Chicago, IL 60642-5422
      View Details

    Similar Nearby for Sale

    • $1,750,000

      West Town Rehabbed Apartment Building

      Six-unit building rehabbed in 2022, near Blue Line.
      1304 W Ohio St, Chicago, IL 60642
      View Details
    • $1,300,000

      West Town 6-Unit Multifamily Building

      Six units in West Town with significant rental upside potential.
      1303 W Ohio St, Chicago, IL 60642
      View Details
    • $1,100,000

      Mixed-Use Property: Value-Add Opportunity

      Mixed-use property with retail and residential units in high-demand area.
      470 N Aberdeen St, Chicago, IL 60642
      View Details
    • $4,699,000

      Renovated Mixed-Use Building For Sale

      Completely renovated 9-unit apartment and 2 commercial space building.
      3227 S Halsted St, Chicago, IL 60642
      View Details
    • $1,985,000
      0.07 Acres

      Renovated Multifamily Building in Chicago

      Fully renovated 6-unit building in Chicago's West Town neighborhood.
      1437 W Superior St, Chicago, IL 60642
      View Details
    • $1,499,900
      0.07 Acres

      Mixed-Use Property in Prime Location

      Versatile investment property in East Wicker Park/West Town corridor.
      1136 N Milwaukee Ave, Chicago, IL 60642
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr

      Goose Island Loft Office Space

      Modern loft office in trendy Goose Island location for rent.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • Contact for pricing
      82,023 SF

      Lincoln Park Retail Opportunity

      Chicago Retail Space: 2,938 - 38,718 SF
      939 North Ave, Chicago, IL 60642
      View Details
    • $14 SF/Yr

      Timber Loft Ready for Occupancy

      Move-in ready timber loft near Lincoln Yards development.
      1529 W Armitage Ave, Chicago, IL 60642
      View Details
    • $25 SF/Yr

      Versatile Commercial Space in Chicago

      2,700 SF commercial space in Chicago's North Branch neighborhood.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $30 SF/Yr

      Timber Loft Flex Space Available

      3,100 SF flex space in timber loft building.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $28 SF/Yr

      Goose Island Loft Office Space

      Modern loft office space in trendy Goose Island location.
      1229 North Branch St, Chicago, IL 60642
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 Huron St
    Chicago, IL 60642-6012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!