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Property profile & analytics
OFF-MARKET
Office Spaces
1010 79th St 1W, Chicago, IL 60619-4442
Entity Owned
10-yr Hold
Free & Clear
Property ID
US28-0227705
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1925
Lot
0.13 ac (5,750 SF)
APN
20-26-321-029-1001
UPID
US28-0227705
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
-
Brittany Jackson, LPC Counselor
-
Kam Alliance Inc Association Or Organization
-
Elite Executive Realtors LTD Real Estate Agency
-
Elite Executives Real Estate Development Real Estate Agency
-
Mr. Sudsy Laundromat (Bike/Boat/Book/etc) Store
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
New Life Covenant Church-se · 10 yrs held
New Life Covenant Church-se
since 2015
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
$9,276
Tax year 2022
Assessed value
$36,690
Assessed 2022
Previous assessed
$36,690
+0.0% YoY
Effective rate
25.28%
On assessed value
Assessed land
$12,937
Assessed improvement
$23,753
Land market value
$51,748
Improvement market value
$95,012
Total market value
$146,760
Applied tax rate
70,082.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1925
Heating
FORCED AIR
Cooling
CENTRAL
Rooms
6
Bathrooms
1
Lot
0.13 ac (5,750 SF)
APN
20-26-321-029-1001
UPID
US28-0227705
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
1925
Heating
FORCED AIR
Cooling
Yes
Rooms
6
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
New Life Covenant Church-se
Entity
Free & Clear · 10 yrs held
Mailing address
5517 S MICHIGAN AVE, CHICAGO, IL 60637-1012
Ownership since
2015
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
Sep 1, 2015
—
New Life Covenant Church-se
New Life Covenant Church
Quit Claim Deed
related
—
Apr 21, 2010
$40,000
Life Covenant Church New
Ib Property Holdings LLC
Warranty Deed
—
Nov 7, 2007
—
Ib Property Holding LLC
Sheriff Of Cook County
Trustees Deed
related
—
May 23, 2005
$147,000
Margo Love
Strehin,alexander
Warranty Deed
$93,535 · Interbay Funding LLC
Nov 10, 2004
$82,000
Alexander Strehin
Nationscredit Finl Svcs Corp
Grant Deed
—
May 25, 2004
—
Nationscredit Finl Svc Corp
Intercounty Judicial Sales Co
Trustees Deed
related
—
—
—
New Life Covenant Church-se
—
Deed Of Trust
related
$3,500,000 · Foundation Cap Rsrcs
—
—
New Life Covenant Church-se
—
Deed Of Trust
related
$18,700,000 · Foundation Cap Rsrcs
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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