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Financial
Distress signals
Property profile

3640 W Armitage Ave Chicago, IL 60647

FOR LEASE
Other industrial properties
Property ID
US28-5084972
12,700 SF 0.22 ac lot Built 1959
Last sale Jun 2026 · $850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
3640 W Armitage Ave, Chicago, IL 60647 For Lease
$13 SF/Yr
3640 W Armitage Ave, Chicago, IL 60647
View Listing

Property summary

AI-generated overview

Located at 3640 W Armitage Avenue in Chicago’s Logan Square, this flex/commercial property was built in 1959 and features a bow-truss structure with an open, column-free interior. The central portion of the building is daylit by skylights, and the space includes 14-foot ceilings for vertical clearance. The building has rear overhead door access suitable for loading and multiple commercial uses. It provides approximately 75 feet of frontage along Armitage Avenue and is zoned COMMR. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$19k
Tax billed · 2022
Assessed value$91k
Assessed land$25k
Assessed improvement$66k
Effective rate20.64%

Value estimate

· Oct 2026
$880k
$792k – $968k
AI approach$900k
CAP approach$1.23M
Submarket $/SF estimate$748k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$77/SF
Submarket average, outlier-cleaned · 1038 recorded sales of this use type
Observed band · Q1–Q3$30 – $145
Qualifying comparables6

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: Nursing Home
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nursing Home10.9
Assisted Living Facility10.4
Carpet & Flooring Store10.3

Location

3640 W Armitage Ave Chicago, IL 60647
County assessor Recorded deeds · 5 transfers 6 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2348 Seeley, Chicago, IL 60647-3327 $1,937,500 Sep 2024 13,400 SF
2337 Seeley, Chicago, IL 60647 $4,200,000 Jan 2022 21,000 SF
2625 Western, Chicago, IL 60647 $1,700,000 Sep 2021 8,800 SF
2631 Western, Chicago, IL 60647 $1,700,000 Sep 2021 8,800 SF
3650 Armitage, Chicago, IL 60647-3611 $1,050,000 Feb 2021 12,700 SF
3951 Belden, Chicago, IL 60647-2207 $745,000 Nov 2020 13,900 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?”
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