Financial
Distress signals
Property profile

4031 Racine Ave Chicago, IL 60609

OFF-MARKET
Other industrial properties
Property ID
US28-5771204
76,600 SF 2.21 ac lot Built 1967
Last sale Dec 2024 · $9,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an industrial building located in the Stockyards industrial park, offering approximately 35,909 square feet of space configured for manufacturing and distribution uses. It is situated within Enterprise Zone 2 and is institutionally owned and managed. The site provides direct access to major roadways, including I-90/I-94 and I-55, for transportation connectivity to the greater Chicago area and downtown Chicago.

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?
$131k
Tax billed · 2022
Assessed value$591k
Assessed land$96k
Assessed improvement$495k
Effective rate22.16%

Value estimate

· Sep 2026
$685k
$617k – $754k
CAP approach$7.39M
Sales comparison$6.05M

Realmo valuation models over county records and 9 qualifying comparable sales.

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
Qualifying comparables9

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency48.6
Dental Office30.4
Law Firm28.2

Location

4031 Racine Ave Chicago, IL 60609-2536
County assessor Recorded deeds · 7 transfers 9 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 · 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
650 51st, Chicago, IL 60609-5221 $10,336,500 Jul 2025 24,800 SF
4000 Morgan, Chicago, IL 60609-2513 $5,800,000 Nov 2024 104,800 SF
1018 37th, Chicago, IL 60609-1407 $450,000 Sep 2024 41,600 SF
1500 Pershing, Chicago, IL 60609-2408 $3,763,000 Mar 2024 105,000 SF
1021 48th, Chicago, IL 60609 $1,700,000 Mar 2024 52,000 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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