1616 W Glenlake Ave Chicago, IL 60660
Property profile & analytics
1616 W Glenlake Ave Chicago, IL 60660
- Industrial properties
- 11,700 SF
- 0.34 lot acres
Property ID
US28-1689626
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 1616 W Glenlake Ave
- Year built
- 1968
- Lot size
- 0.34 lot acres
- Property size
- 11,700 SF
- Property type
- Industrial properties
- APN
- 14-06-217-036
- APU
- 1406217036
Description
This exceptional 10,400-square-foot industrial flex space, located at 1616 W Glenlake Ave in Chicago's Edgewater neighborhood (zip code 60660), presents a unique investment opportunity. The single-story building boasts 12-14 foot ceilings and sits on a sizable 14,700-square-foot lot, zoned B3-2. Currently vacant with an occupancy date of October 9, 2024, this property is ideal for a variety of uses, including light industrial, warehouse, and distribution operations. Its former use as a printing shop also makes it suitable for commercial or residential redevelopment. The property benefits from its strategic location, offering excellent access to Lake Shore Drive and public transportation. The surrounding area boasts a strong daytime population of 31,870 and a median household income within 1.5 miles of $59,545, indicating a robust market. High traffic volume, with nearly 20,000 vehicles passing daily on nearby Clark Street, further enhances its commercial viability. This is a rare chance to acquire a centrally located property in a thriving North Side neighborhood. The asking price is $1,375,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,225,000
- 6.5%
- $1,130,000
- 7%
- $1,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,227,000
- AI Estimate
- $1,299,000
Market price range: $354k - $1.70MMarket price range: $339k - $1.36M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $900,000 Current use
- OFFICE BUILDING
- $1,575,000 Change: +75% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,400,000 Change: +55% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.671
- Latitude
- 41.9931
- 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
$40,725
$91,500
$106,500
$198,000
-
$366,000
$426,000
$792,000
