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Financial
Distress signals
Property profile

1551 W Division St Chicago, IL 60642

FOR LEASE
Residential income homes
Property ID
US28-1842430
6,100 SF 0.07 ac lot Built 1881
Last sale Oct 2013 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 2,800 sq. ft. clear-span commercial building includes a 22.5-foot-high ceiling designed without columns or pillars and sits on a 3,125 sq. ft. lot. The property also has a partial basement with a 7-foot ceiling. Historically used as a bar/nightclub, the building is located in Chicago’s Polish Triangle area with frontage and access to major nearby transit and roadway corridors, including CTA Blue Line service at Division and nearby bus stops. It is positioned near the I-90/94 ramp…

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.

Debts

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?
$20k
Tax billed · 2022
Assessed value$97k
Assessed land$19k
Assessed improvement$78k
Effective rate21.15%

Value estimate

· Oct 2026
$510k
$459k – $561k
Submarket $/SF estimate$1.37M
NOI build-up
Gross scheduled income$74k
Vacancy & credit loss−$4k
Operating expenses−$17k
NOI · 130,285.00% cap applied$52k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$298/SF
ZIP average, outlier-cleaned · 168 recorded sales of this use type
Observed band · Q1–Q3$225 – $397

Cap rate analysis

How does the asset earn?
130,285.00%
$52k 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: Assisted Living Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Assisted Living Facility9.2
Nursing Home8.9
Adult Day Care Center7.0

Location

1551 W Division St Chicago, IL 60642
County assessor Recorded deeds · 10 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
448 Aberdeen, Chicago, IL 60642-6553 $1,425,000 Sep 2024 4,464 SF
1322 Ohio, Chicago, IL 60642-6456 $950,000 Sep 2024 4,080 SF
1538 Chicago, Chicago, IL 60642-5236 $715,000 Sep 2024 6,440 SF
1350 Erie, Chicago, IL 60642-6721 $795,000 May 2024 4,581 SF
610 May, Chicago, IL 60642-6454 $1,028,000 Apr 2024 4,946 SF
612 May, Chicago, IL 60642-5832 $1,028,000 Apr 2024 4,089 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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