Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

4700 N Racine Ave Chicago, IL 60640

FOR LEASE
Residential income homes
Property ID
US28-0550845
8,000 SF 0.25 ac lot Built 1911
Last sale Aug 2026 · $6,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A 48-unit walk-up apartment building offering studio, one-bedroom, and two-bedroom apartment layouts. Following a gut rehabilitation completed in 2019, the interiors were modernized with updated finishes that include stainless-steel appliances and granite countertops, and apartments feature in-unit laundry. The building provides community amenities including a fitness room and an outdoor patio. The property is located near Uptown’s Broadway retail corridor and entertainment district, with 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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$76k
Tax billed · 2022
Assessed value$359k
Assessed land$135k
Assessed improvement$224k
Effective rate21.30%

Value estimate

· Oct 2026
$305k
$275k – $336k
CAP approach$1.89M
Submarket $/SF estimate$1.33M
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$3k
Operating expenses−$23k
NOI · 114,966.67% cap applied$28k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$267/SF
ZIP average, outlier-cleaned · 312 recorded sales of this use type
Observed band · Q1–Q3$216 – $336

Cap rate analysis

How does the asset earn?
114,966.67%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service15.2
Auto Parts Store11.3
Laundromat10.6

Location

4700 N Racine Ave Chicago, IL 60640
County assessor Recorded deeds · 2 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
1419 Winona, Chicago, IL 60640-2820 $930,000 Oct 2024 2,916 SF
1263 Foster, Chicago, IL 60640-2206 $649,000 Jun 2024 3,068 SF
1707 Winona, Chicago, IL 60640-2745 $670,000 Jun 2024 3,966 SF
5347 Wayne, Chicago, IL 60640-2210 $775,000 Jun 2024 2,856 SF
4547 Clark, Chicago, IL 60640-5406 $1,250,000 May 2024 6,857 SF
5061 Clark, Chicago, IL 60640-8562 $1,632,500 May 2024 5,685 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
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again