318 Grand Ave Chicago, IL 60654-7821
Property profile & analytics
318 Grand Ave Chicago, IL 60654-7821
- Commercial real estate
- 96,300 SF
- 0.11 lot acres
Property ID
US28-0964668
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- STRIVE VILLAGE / Gym & Fitness Center
- Edwel & Co / Business Management Consultant
- Stayyy.com - Dog Trainng / Animal Training
- 318 Grand Apartments / Apartment Building
- Eleiko Sport, Inc / Big Box & Wholesale Store
Property Details for 318 Grand Ave
- Year built
- 1962
- Lot size
- 0.11 lot acres
- Property size
- 96,300 SF
- Property type
- Commercial real estate
- APN
- 17-09-236-016
- APU
- 1709236016
Description
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, Wi-Fi thermostats, floor-to-ceiling windows, private balconies, and in-unit washer/dryers. Residents also enjoy access to a Butterfly video intercom system. The first floor houses a 3,400 square foot retail space (plus 2,186 square feet in the basement) occupied by Strive Village, a private gym, since 2016, operating under a modified gross lease. This stabilized, turnkey investment boasts a 100% occupancy rate. The property's location offers unparalleled access to public transportation, including proximity to the CTA Brown/Purple and Red Line 'L' stations, Ogilvie Transportation Center, and numerous bus routes. It's also conveniently located one block from the I-90/94 Kennedy Expressway. The surrounding area boasts exceptional demographics, with an average household income of $152,000 and a median home value of $494,000 within a one-mile radius, and a total population of 128,055. The property is zoned DX-7. The asking price is $8,785,000. This is a rare opportunity to acquire a high-performing asset in one of Chicago's most desirable neighborhoods.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,555,000
- ML approach
- $3,215,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,254,000
Market price range: $1.93M - $23.3M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6364
- Latitude
- 41.8918
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$186,058
$250,000
$654,589
$904,589
-
$1,000,000
$2,618,356
$3,618,356
