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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Retail residential properties
1222 Grace St 26 Chicago, IL 60613-2864
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2555555
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1913
Total area
3,480 SF
Lot
0.07 ac (2,907 SF)
APN
14-20-110-038
UPID
US28-2555555
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
-
Hilltop Yoga Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Michael J Pulkownik · 2 yrs held
Michael J Pulkownik
since 2023
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Blend value · Realmo final
$665k
Range $599k – $732k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / 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
$18,337
Tax year 2022
Assessed value
$89,152
Assessed 2022
Previous assessed
$89,152
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$17,442
Assessed improvement
$71,710
Land market value
$174,420
Improvement market value
$717,100
Total market value
$891,520
Applied tax rate
73,105.0000
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
1913
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
6
Total area
3,480 SF
Lot
0.07 ac (2,907 SF)
APN
14-20-110-038
UPID
US28-2555555
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
1913
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
6
Lot
0.07 ac
Current owner
From public records · entity-resolved
Michael J Pulkownik
Individual
Mailing address
PO BOX 768, LAKE FOREST, IL 60045-0768
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Michael J Pulkownik
—
Deed
related
$54,500 · Lake Forest Bank & Trust Co NA
—
—
Michael J Pulkownik
—
Deed Of Trust
related
$54,475 · Lake Forest Bank & Trust Co
—
—
Michael J Pulkownik
—
Deed Of Trust
related
$20,000 · Lake Forest Bank & Trust Co
—
—
Pulkownik Michael J Trust
—
Deed Of Trust
related
$625,000 · Community Savings Bank
—
—
Michael J Pulkownik
—
Deed Of Trust
related
$215,000 · Baytree National Bank & Trust
—
—
Pulkownik,michael J Trust
—
Deed Of Trust
related
$675,000 · Lake Forest Bk&tr
—
—
Pulkownik,michael J Trust
—
Deed Of Trust
related
$600,000 · Lake Forest Bank & Trust Co
—
—
Michael J Pulkownik
—
Deed Of Trust
related
$720,000 · Baytree National Bank & Trust
—
—
Michael J Pulkownik
—
Deed Of Trust
related
$425,000 · Baytree National Bank & Trust
—
—
Michael J Puklownik
—
Deed Of Trust
related
$131,751 · Lake Forest Bank & Trust Co
—
—
Pulkownik Michael J Trust
—
Deed Of Trust
related
$598,438 · Community Savings 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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