Property profile

4038 Michigan Ave Chicago, IL 60653

OFF-MARKET
Commercial real estate
Property ID
US28-2460001
38,300 SF 0.18 ac lot Built 1923
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1923
Total area 38,300 SF
Lot 0.18 ac (8,050 SF)
APN 20-03-107-017
UPID US28-2460001

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4038 Michigan Ave Chicago, IL 60653
Chicago metro Census 380600 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.94M

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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