Financial
Distress signals
Property profile

1616 North Damen Ave Chicago, IL 60647

FOR LEASE
Retail space
Property ID
US28-1111320
3,800 SF 0.1 ac lot Built 1899
Last sale May 2024 · $1,415,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Retail space located in Bucktown on Chicago’s Damen Retail Corridor, near the intersection of North Avenue, Damen Avenue, and Milwaukee Avenue. The space provides up to 750 square feet and is positioned close to public transportation and the 606 Trail, with nearby Blue Line service at Damen. The surrounding area includes a mix of national, regional, and local retail along the corridor, drawing customers from nearby Bucktown and surrounding neighborhoods.

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?
$86k
Tax billed · 2022
Assessed value$408k
Assessed land$31k
Assessed improvement$377k
Effective rate21.15%

Value estimate

· Sep 2026
$560k
$504k – $616k
AI approach$560k
CAP approach$810k
Sales comparison$659k

Realmo valuation models over county records and 25 qualifying comparable sales.

Recently sold

What actually traded nearby?
$299/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$108 – $553
Qualifying comparables25

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: Assisted Living Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Assisted Living Facility9.5
Nursing Home9.2
Accounting Firm8.3

Location

1616 North Damen Ave Chicago, IL 60647
County assessor Recorded deeds · 9 transfers 25 qualifying comp sales 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
3234 36th Wn, Chicago, IL 60647 $625,000 Jan 2026 4,100 SF
2653 Wn, Chicago, IL 60647-5248 $1,100,000 May 2025 3,000 SF
3272 Fullerton, Chicago, IL 60647-2563 $220,000 Apr 2025 2,500 SF
3050 Diversey, Chicago, IL 60647 $405,000 Mar 2025 3,000 SF
3945 Armitage, Chicago, IL 60647-3450 $720,000 Mar 2025 3,700 SF
1733 Damen, Chicago, IL 60647-5508 $3,350,000 Dec 2024 5,900 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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