Financial
Distress signals
Property profile

2248 Michigan Ave Chicago, IL 60616

OFF-MARKET
Retail space
Property ID
US28-0187985
16,800 SF 0.19 ac lot Built 1892
Last sale Feb 2026 · $3,250,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$121k
Tax billed · 2022
Assessed value$584k
Assessed land$101k
Assessed improvement$483k
Effective rate20.63%

Value estimate

· Sep 2026
$530k
$477k – $583k
CAP approach$3.58M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$234/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$65 – $314
Qualifying comparables8

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: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store10.2
Convenience Store9.1
HVAC Service8.9

Location

2248 Michigan Ave Chicago, IL 60616-5258
County assessor Recorded deeds · 4 transfers 8 qualifying comp sales 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
313 35th, Chicago, IL 60616 $405,000 May 2025 11,800 SF
3457 Indiana, Chicago, IL 60616 $1,000,000 Dec 2024 11,000 SF
3459 Indiana, Chicago, IL 60616-3840 $1,000,000 Sep 2024 11,000 SF
2317 Michigan, Chicago, IL 60616-2104 $960,000 Mar 2024 17,900 SF
2628 Wabash, Chicago, IL 60616-2825 $1,500,000 Dec 2022 11,300 SF
2329 Michigan, Chicago, IL 60616-2104 $1,854,000 Aug 2022 16,400 SF
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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