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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Industrial properties
3053 Grand Ave Chicago, IL 60622-4323
Entity Owned
16-yr Hold
Free & Clear
Property ID
US28-1924790
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1927
Total area
74,000 SF
Lot
0.45 ac (19,578 SF)
APN
16-01-321-006
UPID
US28-1924790
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
-
Stone City Building Supply Hardware & Home Improvement
-
Chicago Marble Carving Studio General Contractor Construction Company
-
Homer Bros. Furniture & Home Goods Home Decor Store
-
Iconic Distribution Inc Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.76M
Owner & transaction history
3053 W Grand LLC · 16 yrs held
3053 W Grand LLC
since 2009
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$51 / 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
$20,657
Tax year 2022
Assessed value
$100,433
Assessed 2022
Previous assessed
$695,132
-85.6% YoY
Effective rate
20.57%
On assessed value
Assessed land
$48,945
Assessed improvement
$51,488
Land market value
$195,780
Improvement market value
$205,952
Total market value
$401,732
Applied tax rate
77,019.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1927
Heating
NONE
Stories
3
Total area
74,000 SF
Lot
0.45 ac (19,578 SF)
APN
16-01-321-006
UPID
US28-1924790
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
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Stories
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
3053 W Grand LLC
Entity
Free & Clear · 16 yrs held
Mailing address
2950 W GRAND AVE, CHICAGO, IL 60622-4308
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2012
—
3053 W Grand LLC
—
Deed Of Trust
related
$10,602,789 · Mb Financial Bank NA
Sep 8, 2009
—
3053 W Grand LLC
Trust 1717
Grant Deed
related
—
Jul 27, 2004
—
Trust 1717
—
Trustees Deed
related
$2,000,000 · Heritage Community Bank
—
—
3053 W Grand LLC
—
Deed Of Trust
related
$2,525,000 · Mb Financial Bank NA
—
—
3053 W Grand LLC
—
Deed Of Trust
related
$2,525,000 · Mb Financial Bank NA
—
—
3053 W Grand LLC
—
Deed Of Trust
related
$7,665,000 · Cole Taylor 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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