New search
Property profile & analytics
FOR LEASE
Retail space
1616 North Damen Ave, Chicago, IL 60647
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-1111320
For Lease
1 / 2
$675,000
1616 North Damen Ave, Chicago, IL 60647
View Listing →
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1899
Total area
3,800 SF
Lot
0.1 ac (4,188 SF)
APN
14-31-332-049
UPID
US28-1111320
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
Current use
Occupant on record · Public records
-
Hana Crnovrsanin, Counselor Marriage Or Relationship Counselor Mental Health Clinic
-
Kimberly Curtis, Counselor Counselor Child Psychologist
-
LifeStance Therapists & Psychiatrists Chicago Counselor Mental Health Clinic
-
Rebecca Ebben, Counselor Counselor Child Psychologist
-
Shelby Duran, Counselor Life Coach Child Psychologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$675k
Owner & transaction history
Hoyne Savings Bank · 2 yrs held
Hoyne Savings Bank
since 2024
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
by Request
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
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
$178 / SF
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
$86,306
Tax year 2022
Assessed value
$408,123
Assessed 2022
Previous assessed
$408,123
+0.0% YoY
Effective rate
21.15%
On assessed value
Assessed land
$31,410
Assessed improvement
$376,713
Land market value
$125,640
Improvement market value
$1,506,852
Total market value
$1,632,492
Applied tax rate
77,068.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
For Lease
Year built
1899
Heating
NONE
Stories
3
Total area
3,800 SF
Lot
0.1 ac (4,188 SF)
APN
14-31-332-049
UPID
US28-1111320
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
1899
Heating
NONE
Stories
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Hoyne Savings Bank
Entity
Free & Clear · 2 yrs held
Mailing address
2211 N ELSTON AVE STE #306, CHICAGO, IL 60614-9279
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
—
1624 Damen LLC
—
Deed
related
$3,775,000 · Hoyne Savings Bank
Jun 20, 2024
—
Hoyne Savings Bank
1624 Damen LLC
Affidavit
—
May 22, 2024
$1,415,000
1624 Damen LLC
Rdg 1616 Damen LLC
Special Warranty Deed
$7,192,500 · Hoyne Savings Bank
May 28, 2020
—
Rdg 1616 Damen LLC
—
Deed Of Trust
related
$7,050,000 · Amalgamated Bk /chicago
Aug 21, 2018
—
Rdg 1616 Damen LLC
—
Grant Deed
related
$5,060,000 · Associated Bk NA
Apr 3, 2018
$10,850,000
Rdg 1616 Damen LLC
1616 Damen Property Owner LLC
Trustees Deed
related
$4,000,000 · 1616 Damen Property Owner LLC
Jul 9, 2015
$7,500,000
1616 Damen Property Owner LLC
1616 Damen LLC
Grant Deed
related
$5,000,000 · Albany Bk&tr
Nov 14, 2012
—
1616 Damen LLC
—
Deed Of Trust
related
$1,950,000 · First Eagle National Bank
Dec 2, 1998
—
American Nat'l Bk & Trt Ttee
—
Deed Of Trust
related
$70,000 · Lasalle National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
