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Property profile & analytics
OFF-MARKET
Retail residential properties
7847 Essex Ave 53 Chicago, IL 60649-5113
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0252958
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1926
Total area
8,100 SF
Lot
0.24 ac (10,280 SF)
APN
21-30-327-020
UPID
US28-0252958
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
-
Nehemiah Grand Lodge Glory Grand Chapter F.A.M.M. Community Center Temple
-
AXD Air Tactical Hvac Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
78475 Essex LLC · 4 yrs held
78475 Essex LLC
since 2021
Last sale
$445,000
7 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
—
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
$38,985
Tax year 2022
Assessed value
$189,541
Assessed 2022
Previous assessed
$189,541
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$9,252
Assessed improvement
$180,289
Land market value
$92,520
Improvement market value
$1,802,890
Total market value
$1,895,410
Applied tax rate
70,032.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1926
Heating
NONE
Stories
3
Total area
8,100 SF
Lot
0.24 ac (10,280 SF)
APN
21-30-327-020
UPID
US28-0252958
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
1926
Heating
NONE
Stories
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
78475 Essex LLC
Entity
Mailing address
2615 N BRIGHTON PL, ARLINGTON HEIGHTS, IL 60004-2716
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
$445,000
78475 Essex LLC
Living Easy LLC
Warranty Deed
—
Sep 10, 2021
$380,000
Living Easy LLC
Sami Imsaih
Warranty Deed
—
Mar 26, 2018
$525,000
E320 LP
Imsaih,khamis
Grant Deed
related
—
Aug 13, 2010
$300,000
Sami Imsaih
Ib Property Holdings LLC
Grant Deed
$160,000 · United Trust Bank
May 12, 2008
—
Ib Property Holdings LLC
Lender Sales Of Il LLC
Trustees Deed
related
—
May 15, 2007
—
Julia M Jackson
Trust 8924
Grant Deed
$937,500 · Interbay Funding LLC
Jun 14, 2006
—
Trust 8924
—
Trustees Deed
related
$595,000 · Pr Investor Services INC
—
—
7847-53 S Essex Ave LLC
—
Deed Of Trust
related
$100,000 · Nycb Mtg
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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