Property profile

2039 Lumber St Chicago, IL 60616

OFF-MARKET
Warehouses
Property ID
US28-1418760
13,000 SF 0.61 ac lot Built 1988
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1988
Total area 13,000 SF
Lot 0.61 ac (26,480 SF)
APN 17-21-332-014
UPID US28-1418760

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2039 Lumber St Chicago, IL 60616
Chicago metro Census 843200 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
$781k
Blend (final) Blend
$600k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2013
$3.9M

Zoning & alternative use

Top alternative use upside
Retail stores $875,000 +50.4%
Commercial (general) $870,000 +49.8%
Auto repair, garage $610,000 +5.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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