319 Jefferson St, Unit 21 Chicago, IL 60661-5616
Property Lookup
Property profile & analytics
319 Jefferson St, Unit 21 Chicago, IL 60661-5616
- Residential income homes
- 6,822 SF
- 0.09 lot acres
Property ID
US28-0927225
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
- Dawali Jerusalem Kitchen / Restaurant
- Medlee Foods / Food Processing Plant
Property Details for 319 Jefferson St
- Year built
- 1886
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.09 lot acres
- Property size
- 6,822 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 17-16-119-007
- APU
- 1716119007
Description
This exceptional 2,200 square foot retail space, located at 319 S Jefferson in Cook County, presents a unique investment opportunity. The property is a single-tenant building, currently vacant and ready for immediate occupancy. The main floor offers a spacious 2,200 square foot storefront, ideal for a variety of retail uses. A significant advantage is the inclusion of an additional 2,200 square feet of finished basement space. This lower level is equipped with a hand sink, dry storage area, and a prep sink, making it particularly well-suited for a restaurant or food-related business. The building underwent improvements in 2018, ensuring modern functionality and aesthetics. The property's classification as both retail and restaurant-suitable broadens its appeal to a wider range of potential tenants. Its single-tenant occupancy simplifies management and provides a clear revenue stream. The Cook County location offers excellent access to a diverse customer base and strong local infrastructure. This property represents a compelling opportunity for investors seeking a turnkey retail or restaurant space in a desirable location. The combination of ample square footage, convenient amenities, and recent renovations makes this a highly attractive proposition for discerning buyers. The vacant status allows for immediate customization to suit a tenant's specific needs.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,895,000
- 6.5%
- $1,750,000
- 7%
- $1,625,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,678,000
- AI Estimate
- $1,157,000
Market price range: $687k - $1.68MMarket price range: $712k - $1.16M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,175,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,630,000 Change: +39% Conversion: Difficult
- RETAIL STORES
- $995,000 Change: -15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6421
- Latitude
- 41.8774
- 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
$35,704
$18,550
$154,450
$173,000
-
$185,500
$1,544,500
$1,730,000
