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Property profile & analytics
OFF-MARKET
Parking lots & garages
1122 Dearborn St P63 Chicago, IL 60610-5057
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-5652405
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1996
Lot
0.39 ac (17,089 SF)
APN
17-04-413-021-1135
UPID
US28-5652405
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
-
XTR Tuckpointing & Waterproofing General Contractor Construction Company
-
Ray Nancy S DDS Dental Office
-
EMPIRE House Cleaning Hardware & Home Improvement
-
Polski Psycholog Chicago Physician Medical Clinic
-
1122 North Dearborn Condominium Complex
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
Vahe Poladian · 5 yrs held
Vahe Poladian
since 2021
Last sale
$20,000
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
—
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
$446
Tax year 2022
Assessed value
$2,170
Assessed 2022
Previous assessed
$2,170
+0.0% YoY
Effective rate
20.55%
On assessed value
Assessed land
$148
Assessed improvement
$2,022
Land market value
$1,480
Improvement market value
$20,220
Total market value
$21,700
Applied tax rate
74,002.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1996
Heating
NONE
Lot
0.39 ac (17,089 SF)
APN
17-04-413-021-1135
UPID
US28-5652405
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
1996
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Vahe Poladian
Individual
Mailing address
1122 N DEARBORN ST APT 25H, CHICAGO, IL 60610-5082
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
$20,000
Vahe Poladian
Steven Guberman
Warranty Deed
—
Jan 23, 2021
$360,000
Steven Guberman
Morizio Jeanne L Trust
Grant Deed
—
Dec 24, 2014
—
Morizio,jeanne L Trust
Morizio,thomas E & Jeanne L
Quit Claim Deed
related
—
Sep 21, 2012
$375,000
Thomas Morizio
Belmonte,marlena
Warranty Deed
$300,000 · Wells Fargo Bank
Aug 21, 2003
$330,000
Marlena M Belmonte
Williamson,renata Piec
Grant Deed
$275,000 · Guaranteed Rate INC
—
—
Marlena M Belmonte
—
Deed Of Trust
related
$252,000 · Guaranteed Rate INC
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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