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Property profile & analytics
FOR LEASE
Office buildings
190 S La Salle St Chicago, IL 60603
Entity Owned
Free & Clear
Property ID
US28-1408899
For Lease
1 / 2
$47,410,000
190 S La Salle St, Chicago, IL 60603
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Total area
856,600 SF
Lot
0.22 ac (9,600 SF)
APN
17-16-210-017
UPID
US28-1408899
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Anderson Kill & Olick Law Firm
-
Garden City Group Inc Law Firm
-
John Strzynski Attorney at Law Law Firm
-
190 Athletic Club Gym & Fitness Center
-
Patricia S. Hofstra Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.41M
Owner & transaction history
South Lasalle Realty LLC
South Lasalle Realty LLC
since 2025
Last sale
$55.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$55 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,697,002
Tax year 2022
Assessed value
$13,112,464
Assessed 2022
Previous assessed
$13,112,464
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$1,440,000
Assessed improvement
$11,672,464
Land market value
$5,760,000
Improvement market value
$46,689,856
Total market value
$52,449,856
Applied tax rate
76,058.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1986
Heating
NONE
Stories
40
Total area
856,600 SF
Lot
0.22 ac (9,600 SF)
APN
17-16-210-017
UPID
US28-1408899
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
40
Lot
0.22 ac
Current owner
From public records · entity-resolved
South Lasalle Realty LLC
Entity
Free & Clear · 0 yrs held
Mailing address
190 S LA SALLE ST STE #420, CHICAGO, IL 60603-3605
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
—
South Lasalle Realty LLC
—
Deed
related
$30,000,000 · Jpmorgan Chase Bank N A
Dec 19, 2025
$55,000,000
South Lasalle Realty LLC
Bcsp 190 South Lasalle Property LLC
Special Warranty Deed
—
Feb 19, 2020
—
Bcsp 190 South Lasalle Property LLC
—
Deed
related
$167,460,000 · Us Bank NA
Dec 5, 2019
$230,000,000
Bcsp 190 S Lasalle Prop LLC
190 South Lasalle LLC
Grant Deed
related
—
Jun 20, 2018
—
South Lasalle LLC
—
Loan Modification
related
$160,000,000 · Wells Fargo Bk
Oct 12, 2011
—
Sp4 190 S Lasalle LP
—
Deed Of Trust
related
—
Jun 5, 2006
$91,333,333
Sp4 190 S Lasalle
Trust 102691-08
Grant Deed
—
Apr 30, 2002
—
Joan F Moore
Chicago Title Land Tr Trustee
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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