Financial
Distress signals
Property profile

318 Grand Ave Chicago, IL 60654

OFF-MARKET
Commercial real estate
Property ID
US28-0964668
96,300 SF 0.11 ac lot Built 1962
Last sale Jul 2025 · $7,375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, 13-unit apartment building situated in Chicago's vibrant River North neighborhood. The property, a four-story building totaling 17,508 net rentable square feet, sits on a 5,015 square foot lot and includes four parking spaces. The building underwent a complete redevelopment in 2023, resulting in twelve brand-new, high-end apartments, each featuring stainless steel appliances, individual HVAC systems, tankless water heaters,

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?
$186k
Tax billed · 2022
Assessed value$905k
Assessed land$250k
Assessed improvement$655k
Effective rate20.57%

Value estimate

· Sep 2026
$2.56M
$2.30M – $2.81M
AI approach$3.22M
Sales comparison$3.25M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$435/SF
Submarket average, outlier-cleaned · 999 recorded sales of this use type
Observed band · Q1–Q3$141 – $917
Qualifying comparables3

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: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat15.8
Buffet6.9
Chinese Restaurant6.7

Location

318 Grand Ave Chicago, IL 60654-7821
County assessor Recorded deeds · 17 transfers 3 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 State, Chicago, IL 60654-4607 $4,200,000 Jul 2025 312,000 SF
301 Erie, Chicago, IL 60654 $7,500,000 May 2025 58,300 SF
311 Erie, Chicago, IL 60654 $7,500,000 May 2025 58,300 SF
307 Erie, Chicago, IL 60654 $7,500,000 May 2025 58,300 SF
515 State, Chicago, IL 60654-4854 $67,712,000 Mar 2022 322,900 SF
465 Desplaines, Chicago, IL 60654-5501 $18,739,000 Dec 2021 33,300 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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