Property profile & analytics
1617 Clybourn Ave, Unit 21 Chicago, IL 60614-5507
- Retail residential properties
- 7,900 SF
- 0.06 lot acres
OFF-MARKET
Last Sale
Aug 12, 2022
Aug 12, 2022
$3,925,000
Value Estimations
$4,145,000
Show details
Cap Rate Potential
3%
Retail residential properties
Location Intelligence
Property ID
US28-0635368
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.
Current Use by Public Records
- Team Fumaca Academy / Training Center / Sports School
- CALLIGARIS / Hardware & Home Improvement / Furniture & Home Goods
- Adirondack Chairs Chicago / Furniture & Home Goods / Hardware & Home Improvement
Property Details for 1617 Clybourn Ave
- Year built
- 1891
- Lot size
- 0.06 lot acres
- Property size
- 7,900 SF
- Property type
- Retail residential properties
- APN
- 14-32-425-085
- APU
- 1432425085
Description
This exceptional Class A office space, totaling 2,000 square feet, is situated within a larger 24,000 square foot building at 1617 N Clybourn Ave, Chicago, IL 60614. Located in the desirable Lincoln Park submarket, this single-tenant space offers a prestigious address and a dynamic work environment. Built in 2003, the one-story building boasts convenient access to public transportation and major thoroughfares, including Halsted and North Avenue. The property features 4 parking spaces and a robust 400 AMP power supply. The space is zoned B1-2, ideal for a variety of professional uses, including medical offices. This lower-level suite provides a unique opportunity for businesses seeking a vibrant and accessible location. Property taxes are $3.56 per square foot. The building's prime location within Lincoln Park offers proximity to a thriving business community, diverse retail options, and numerous dining establishments. This is a rare opportunity to secure a well-appointed office space in a highly sought-after area. The space is ready for immediate occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,410,000
- ML approach
- $4,325,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,440,000 Current use
- RETAIL STORES
- $3,995,000 Change: +16% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,980,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6499
- Latitude
- 41.9115
- 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
$28,166
$27,610
$109,330
$136,940
-
$276,100
$1,093,300
$1,369,400
