Financial
Distress signals
Property profile

1616 Glenlake Ave Chicago, IL 60660

OFF-MARKET
Other industrial properties
Property ID
US28-1689626
11,700 SF 0.34 ac lot Built 1968
Last sale Feb 2026 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is an industrial building located in Chicago’s Edgewater neighborhood, within an infill setting. It consists of approximately 10,400 square feet and was formerly used as a printing shop. The building is configured in a way that can support light industrial use, last-mile warehouse and distribution, and potential redevelopment for commercial and residential uses. It is positioned near Lake Shore Drive and has access to public transportation. The site has frontage along Clark Street,

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?
$41k
Tax billed · 2022
Assessed value$198k
Assessed land$92k
Assessed improvement$107k
Effective rate20.57%

Value estimate

· Sep 2026
$1.22M
$1.10M – $1.34M
CAP approach$1.13M
Sales comparison$1.23M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$77/SF
Submarket average, outlier-cleaned · 1038 recorded sales of this use type
Observed band · Q1–Q3$30 – $145
Qualifying comparables5

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm19.2
Home Appliance Store9.6
Catering Service9.0

Location

1616 Glenlake Ave Chicago, IL 60660-2408
County assessor Recorded deeds · 3 transfers 5 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5915 Ravenswood, Chicago, IL 60660-3107 $2,500,000 Feb 2024 25,100 SF
5905 Clark, Chicago, IL 60660 $800,000 Mar 2022 3,600 SF
5645 Ravenswood, Chicago, IL 60660-3922 $3,800,000 Mar 2022 22,500 SF
6246 Broadway, Chicago, IL 60660-1903 $1,700,000 Nov 2021 11,700 SF
5925 Ravenswood, Chicago, IL 60660-3107 $329,000 Aug 2021 1,900 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
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?”
You own 1616 Glenlake Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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