Property profile

706 8th E 47th St Chicago, IL 60653

OFF-MARKET
Retail space
Property ID
US28-0174587
6,800 SF 0.18 ac lot Built 1911
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1911
Total area 6,800 SF
Lot 0.18 ac (7,650 SF)
APN 20-03-427-032
UPID US28-0174587

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office

Location

706 8th E 47th St Chicago, IL 60653
Chicago metro Census 843600 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
$1.45M
Comparable Approach Comparable
$779k
Blend (final) Blend
$1.12M

Owner & transaction history

since 2023
Last sale
$1.0M
7 recorded transactions
2023
$1.0M
2019
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2004
$400,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.6M +64.3%
Apartment house (5+ units) $1.2M +22.8%

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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