Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1843 Hubbard St Chicago, IL 60622-6265

    • Retail space
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4200934
    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

    • Busy Bee Promotions, Inc. / Marketing Consultant / Consultant
    • Gold Coast Interiors / Interior Designer
    • The Hive On Hubbard / Event Venue / Corporate Office
    • Lusso Design Resource / Home Goods Store
    • Absolute Medical, Inc. / Medical Supply Store / Medical Billing Service

    Property Details for 1843 Hubbard St

    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    17-07-237-037
    APU
    1707237037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6738
    Latitude
    41.8896
    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
    $136,333
    $30,434
    $630,146
    $660,580
    -
    $121,736
    $2,520,584
    $2,642,320

    Comparable in this City

    • Value Estimation
      $980,000
      27,500 SF

      1343 Milwaukee Ave

      STORE, RETAIL OUTLET • 27,500 SF
      1343 Milwaukee Ave, Chicago, IL 60622-9151
      View Details
    • Value Estimation
      $1,230,000
      36,600 SF

      2635 Chicago Ave

      STORE, RETAIL OUTLET • 36,600 SF
      2635 Chicago Ave, Chicago, IL 60622
      View Details
    • Value Estimation
      $630,000
      19,400 SF

      1820 Grand Ave, Unit 30

      STORE, RETAIL OUTLET • 19,400 SF
      1820 Grand Ave, Chicago, IL 60622-6721
      View Details
    • Value Estimation
      $820,000
      31,300 SF

      1644 Honore St Ste, Unit 100

      STORE, RETAIL OUTLET • 31,300 SF
      1644 Honore St Ste, Chicago, IL 60622-1375
      View Details
    • Value Estimation
      $1,200,000
      12,200 SF

      901 Western Ave

      STORE, RETAIL OUTLET • 12,200 SF
      901 Western Ave, Chicago, IL 60622-7469
      View Details
    • Value Estimation
      $445,000
      11,200 SF

      1453 Milwaukee Ave

      STORE, RETAIL OUTLET • 11,200 SF
      1453 Milwaukee Ave, Chicago, IL 60622-2015
      View Details

    Similar Nearby for Sale

    • $239,000
      0.08 Acres

      Ukrainian Village Commercial Condo For Sale

      Commercial condo in dynamic Ukrainian Village location with long-term tenant.
      938 N Damen Ave, Chicago, IL 60622
      View Details
    • $299,000
      5,700 SF

      Bucktown Retail Storefront on Damen

      New construction retail storefront in high-traffic Bucktown corridor.
      2046 N Damen Ave, Chicago, IL 60622
      View Details
    • Contact for pricing

      Prohibition Era Gentleman’s Hair Parlor

      Meticulously decorated hair parlor transporting you to the 1920s.
      956 N Damen Ave, Chicago, IL 60622
      View Details
    • $1,400,000

      Ashland Ave Mixed-Use Investment

      Prime Chicago location, high potential.
      525-527 Ashland Ave, Chicago, IL 60622
      View Details
    • $599,000
      7,100 SF

      South Side Retail Opportunity

      Two-story brick building with large fenced lot for sale.
      5746 S Ashland Ave, Chicago, IL 60622
      View Details
    • $150,000
      2,438 SF

      Retail Building in Chicago

      2,438 SF retail building in Chicago's Back of the Yards.
      4746 S Ashland Ave, Chicago, IL 60622
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      1,700 SF

      New Construction Retail/Office Space

      New construction retail or office space in Wicker Park.
      1318 N Western Ave, Chicago, IL 60622
      View Details
    • $34 SF/Yr

      Wicker Park Boutique Retail Space

      High-end retail space in vibrant Wicker Park shopping district.
      1751 W Division St, Chicago, IL 60622
      View Details
    • $2,100 /Mo
      1,000 SF

      Wicker Park Retail Space Available

      Remodeled retail space in high-traffic Wicker Park/Bucktown location.
      1241 N Ashland Ave, Chicago, IL 60622
      View Details
    • $30 SF/Yr
      1,800 SF

      West Town Medical Office Building

      8 Exam Rooms, 1800 SF, High-Income Area
      1810 Chicago Ave, Chicago, IL 60622
      View Details
    • Contact for pricing
      1,400 SF

      Wicker Park Storefront For Lease

      Prime 1,400 SF retail space in Chicago's Wicker Park.
      1909 W North Ave, Chicago, IL 60622
      View Details
    • $30 SF/Yr

      Wicker Park/Bucktown Storefront Available

      Prime retail space in high-traffic Wicker Park/Bucktown area.
      1648 W North Ave, Chicago, IL 60622
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1843 Hubbard St
    Chicago, IL 60622-6265
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.