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Property profile & analytics
FOR SALE
Residential income homes
754 N Clark St Chicago, IL 60654
Trust Owned
27-yr Hold
Absentee Owner
Property ID
US28-0573913
For Sale
1 / 2
$1,110,000
754 N Clark St, Chicago, IL 60654
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Property summary
AI-generated overview
This exceptional 1,600 square foot office space is available for lease in a desirable River North location at 754 N Clark St, Chicago, IL 60654. Situated at the southwest corner of Clark Street and Chicago Avenue, this suite is part of a boutique, three-story, 6,552 square foot mixed-use building. The space boasts abundant natural light from windows along Clark Street, offering excellent visibility at this busy intersection. Potential signage opportunities on Chicago Avenue are also available. The building features one elevator. This prime location in the trendy River North neighborhood offers easy access to public transportation, a vibrant array of restaurants and nightlife, and a high concentration of upscale residential units. The area attracts businesses such as tech firms and design companies. The entire 6,552 square foot building is also available for purchase. Minimum leaseable space is 1,600 square feet, with a maximum contiguous space of 1,600 square feet. The zoning is DX-7.
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,930 SF
Lot
0.06 ac (2,585 SF)
APN
17-09-204-013
UPID
US28-0573913
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gold Coast Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.11M
Owner & transaction history
Cosmopolitan Bank Trustee · 27 yrs held
Cosmopolitan Bank Trustee
since 1999
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+39.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,190,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,655,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,055,000
Change: -12% · Conversion: Moderate
RETAIL STORES
$1,010,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$160 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$38,225
Tax year 2022
Assessed value
$185,847
Assessed 2022
Previous assessed
$185,847
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$45,237
Assessed improvement
$140,610
Land market value
$452,370
Improvement market value
$1,406,100
Total market value
$1,858,470
Applied tax rate
74,004.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
3
Bathrooms
5
Total area
6,930 SF
Lot
0.06 ac (2,585 SF)
APN
17-09-204-013
UPID
US28-0573913
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
3
Bathrooms
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
Cosmopolitan Bank Trustee
Trust
Mailing address
105 W CHICAGO AVE, CHICAGO, IL 60654-3209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2005
—
Trust 31018
—
Trustees Deed
related
$2,100,000 · Leaders Bank
Jun 7, 1999
$665,000
Cosmopolitan Bank Trustee
Itasca Bank & Trust Co Ttee
Grant Deed
related
$520,000 · Cosmopolitan Bank & Trust
—
—
Trust 31018
—
Deed Of Trust
related
$2,579,896 · Leaders Bank
—
—
Trust 3108
—
Deed Of Trust
related
$700,000 · Leaders Bank
—
—
Trust 31018
—
Deed Of Trust
related
$2,580,000 · Leaders Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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