Financial
Distress signals
Property profile

343 W Erie St Chicago, IL 60654

FOR LEASE
Other commercial real estate
Property ID
US28-0257545
0.02 ac lot Built 1984
Last sale Nov 2017 · $41,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

343 W Erie is a modernized brick and timber loft-style office building in Chicago’s River North area. The property features a secured entry system with keycard access and includes two passenger elevators and one freight elevator. Parking is supported by multiple surface lots within one block, and metered parking is available on Erie Street. The building provides access to loading operations via a loading dock and has a lobby amenity identified as a Lunchdrop. Public transportation connections

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?
$10k
Tax billed · 2022
Assessed value$50k
Assessed land$50k
Assessed improvement$40
Effective rate20.57%

Value estimate

· Sep 2026
$305k
$275k – $336k
AI approach$305k
NOI build-up
Gross scheduled income$111k
Vacancy & credit loss−$28k
Operating expenses−$21k
NOI · 205,833.33% cap applied$62k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
205,833.33%
$62k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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
Laundromat16.1
Chinese Restaurant7.3
Buffet6.9

Location

343 W Erie St Chicago, IL 60654
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file 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
111 Illinois, Chicago, IL 60654-4505 $16,616,000 Jun 2025 N/A
58 Ontario, Chicago, IL 60654 $7,380,000 May 2025 N/A
313 Erie, Chicago, IL 60654 $7,500,000 May 2025 N/A
315 Erie, Chicago, IL 60654 $7,500,000 May 2025 21,700 SF
301 Erie, Chicago, IL 60654 $7,500,000 May 2025 58,300 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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