Financial
Distress signals
Property profile

4447 Michigan Ave Chicago, IL 60653

OFF-MARKET
Retail space
Property ID
US28-5793715
3,500 SF 0.3 ac lot Built 1918
Last sale Dec 2019 · $150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of three parcels totaling 12,880 square feet, measuring approximately 80 by 160 feet in total, and is located in Chicago’s Bronzeville area. Current zoning is C1-2, with potential for rezoning to RM5 or for approval of a special use permit through the ZBA. The site is positioned within a neighborhood characterized by nearby new construction and access to public transit, and it is configured to support multiple development concepts such as townhome construction, multi-unit

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?
$8k
Tax billed · 2022
Assessed value$38k
Assessed land$18k
Assessed improvement$20k
Effective rate20.63%

Value estimate

· Sep 2026
$385k
$347k – $424k
AI approach$230k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$146/SF
Submarket average, outlier-cleaned · 2181 recorded sales of this use type
Observed band · Q1–Q3$69 – $260
Qualifying comparables21

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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service13.5
Law Firm13.4
Kitchen & Bath10.8

Location

4447 Michigan Ave Chicago, IL 60653
County assessor Recorded deeds · 3 transfers 21 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
323 47th, Chicago, IL 60653-4003 $225,000 Mar 2025 4,500 SF
4200 King, Chicago, IL 60653-2602 $256,500 May 2024 5,000 SF
536 47th, Chicago, IL 60653-4208 $500,000 Sep 2023 5,400 SF
808 45th, Chicago, IL 60653-4354 $425,000 Oct 2022 3,500 SF
123 43rd, Chicago, IL 60653-3105 $120,000 Apr 2022 2,500 SF
646 50th E 43rd, Chicago, IL 60653 $90,000 Mar 2019 2,400 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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