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Property profile & analytics
OFF-MARKET
Estimated value
$35,130,000
Office buildings
330 Franklin St Chicago, IL 60606
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2393491
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Total area
1,571,900 SF
Lot
0.1 ac (4,409 SF)
APN
17-16-227-028
UPID
US28-2393491
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.13M
Owner & transaction history
311 South Wacker Realty Holding LLC · 1 yrs held
311 South Wacker Realty Holding LLC
since 2025
Last sale
$45.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$22 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$651,901
Tax year 2022
Assessed value
$3,169,454
Assessed 2022
Previous assessed
$3,428,668
-7.6% YoY
Effective rate
20.57%
On assessed value
Assessed land
$523,568
Assessed improvement
$2,645,886
Land market value
$2,094,272
Improvement market value
$10,583,544
Total market value
$12,677,816
Applied tax rate
76,098.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1988
Heating
NONE
Stories
75
Total area
1,571,900 SF
Lot
0.1 ac (4,409 SF)
APN
17-16-227-028
UPID
US28-2393491
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
75
Lot
0.1 ac
Current owner
From public records · entity-resolved
311 South Wacker Realty Holding LLC
Entity
Mailing address
311 S WACKER DR STE #1150, CHICAGO, IL 60606-6681
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
311 South Wacker Realty Holdin
—
Deed
related
$133,333,000
Jun 30, 2025
$45,000,000
311 South Wacker Realty Holding LLC
311 S Wacker Building LLC
Special Warranty Deed
$20,000,000 · Hakimian Partners LLC
Mar 11, 2014
$302,400,000
311 S Wacker Building LLC
South Wacker LLC
Trustees Deed
$221,500,000 · Canadian Imperial Bk/commerc
Aug 21, 2006
$194,666,667
311 South Wacker LLC
Walton 311 Wacker Investors II
Grant Deed
related
$244,000,000 · Wachovia Bank NA
Nov 4, 2002
$274,049,100
Walton 311 Wacker Investors II
Tiaa Realty INC
Grant Deed
—
Oct 25, 2002
—
Walton 311 Wacker Investor III
—
Deed Of Trust
related
$160,000,000 · Greenwich Capital Fin'l Produc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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