Financial
Distress signals
Property profile

3815 S Ashland Ave Chicago, IL 60609

FOR LEASE
Other industrial properties
Property ID
US28-1813933
304,100 SF 1.53 ac lot Built 1918
Last sale Mar 2024 · $3,763,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an industrial facility comprising 99,530 SF on a 5.02-acre site, with freezer space totaling 38,463 SF and additional freezer space totaling 40,625 SF, each convertible to cooler use and featuring 50’ clear height. It includes a 15,491 SF cold dock, 4,951 SF of office space, and a 1,405 SF utility room. The facility provides a 15,580-pallet capacity based on freezer/cooler configuration (1 pallet per 6.1 SF), is fully racked, and has 6B Approval. Building loading includes 14

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?
$150k
Tax billed · 2022
Assessed value$677k
Assessed land$116k
Assessed improvement$560k
Effective rate22.16%

Value estimate

· Sep 2026
$3.77M
$3.39M – $4.14M
AI approach$3.77M
Sales comparison$3.35M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$17 – $107

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: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop10.5
Accounting Firm9.9
Realty agency9.6

Location

3815 S Ashland Ave Chicago, IL 60609
County assessor Recorded deeds · 15 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
600 51st, Chicago, IL 60609-5221 $10,336,500 Jul 2025 202,600 SF
4000 Morgan, Chicago, IL 60609-2513 $5,800,000 Nov 2024 104,800 SF
4031 Racine, Chicago, IL 60609-2536 $9,250,000 Sep 2024 76,600 SF
3835 Ashland, Chicago, IL 60609 $3,763,000 Mar 2024 304,100 SF
3859 Ashland, Chicago, IL 60609 $3,763,000 Mar 2024 304,100 SF
1500 Pershing, Chicago, IL 60609-2408 $3,763,000 Mar 2024 105,000 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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