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Financial
Distress signals
Property profile

2240 Armitage Ave Chicago, IL 60647

OFF-MARKET
Office Spaces
Property ID
US28-1661358
0.28 ac lot Built 1997
Last sale Apr 2014 · $315,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years.
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Property summary

AI-generated overview

This exceptional office condo at 2240 W Armitage Ave in Chicago's vibrant Bucktown/Wicker Park neighborhood offers multiple leasing options. The property, built in 2001, boasts a total of 48,000 square feet and sits on a sizable 12-acre lot in Cook County. Currently, 7,506 square feet of space is available, divisible into units as small as 1,500 square feet, with a maximum contiguous space of 3,753 square feet. Three spaces are currently available, ranging from 1,500 to 4,500 square feet. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$19k
Tax billed · 2022
Assessed value$90k
Assessed land$6k
Assessed improvement$84k
Effective rate20.64%

Value estimate

· Oct 2026
$415k
$374k – $457k
AI approach$415k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$135/SF
Submarket average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$51 – $278

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: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop9.4
Assisted Living Facility8.7
Nursing Home8.4

Location

2240 Armitage Ave Chicago, IL 60647-4461
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2207 Western Ave, Chicago, IL 60647-4568 $120,000 May 2025 No data
2136 Wn, Chicago, IL 60647-9545 $290,000 Apr 2025 No data
2709 Washtenaw Ave, Chicago, IL 60647-1853 $143,000 Mar 2025 No data
2605 Wn, Chicago, IL 60647-5714 $300,000 Jan 2025 No data
3101 Armitage, Chicago, IL 60647-8899 $150,000 Sep 2024 No data
2240 Wn, Chicago, IL 60647-6252 $161,250 May 2024 No data
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
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