Financial
Distress signals
Property profile

830 Michigan Ave Chicago, IL 60611

OFF-MARKET
Other commercial real estate
Property ID
US28-5840400
87,500 SF 0.46 ac lot Built 1962
Last sale Dec 2023 · $40,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

830 N. Michigan Avenue is a retail property located at the intersection of Chicago’s Magnificent Mile and the Gold Coast, adjacent to the historic Water Tower landmark, with surrounding frontage providing visibility to the Magnificent Mile corridor. The building has approximately 107 feet of frontage along North Michigan Avenue and approximately 187 feet of frontage along E. Pearson Street, creating nearly 300 feet of wrap-around frontage. The structure is about 86 feet tall and includes

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?
$1.86M
Tax billed · 2022
Assessed value$9.00M
Assessed land$3.00M
Assessed improvement$6.00M
Effective rate20.67%

Value estimate

· Sep 2026
$31.61M
$28.44M – $34.77M
CAP approach$22.72M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$435/SF
Submarket average, outlier-cleaned · 999 recorded sales of this use type
Observed band · Q1–Q3$141 – $917
Qualifying comparables3

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: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat14.2
Chinese Restaurant9.6
Butcher9.3

Location

830 Michigan Ave Chicago, IL 60611-2167
County assessor Recorded deeds · 10 transfers 3 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
201 Walton, Chicago, IL 60611-1685 $2,975,000 Jul 2025 4,400 SF
440 Mcclurg, Chicago, IL 60611-4370 $2,700,000 May 2025 N/A
48 Superior, Chicago, IL 60611 $5,700,000 May 2025 N/A
405 Grand, Chicago, IL 60611-3303 $3,511,000 May 2025 N/A
21 Bellevue, Chicago, IL 60611-1114 $70,900,000 Aug 2021 177,300 SF
21 Chestnut, Chicago, IL 60611-2050 $317,500 May 2020 1,300 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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