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Property profile & analytics
OFF-MARKET
Retail space
12349 Harlem Ave Palos Heights, IL 60463-1432
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5741214
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1939
Lot
0.4 ac (17,551 SF)
APN
24-30-300-011
UPID
US28-5741214
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
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
Abualshaikh Properties LLC · 1 yrs held
Abualshaikh Properties LLC
since 2025
Last sale
$325,000
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 Palos Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palos Heights 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
$34,438
Tax year 2022
Assessed value
$95,368
Assessed 2022
Previous assessed
$51,996
+83.4% YoY
Effective rate
36.11%
On assessed value
Assessed land
$37,295
Assessed improvement
$58,073
Land market value
$149,180
Improvement market value
$232,292
Total market value
$381,472
Applied tax rate
39,085.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1939
Heating
NONE
Stories
1
Lot
0.4 ac (17,551 SF)
APN
24-30-300-011
UPID
US28-5741214
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
1939
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Abualshaikh Properties LLC
Entity
Mailing address
10 S LA SALLE ST STE #2750, CHICAGO, IL 60603-1108
Ownership since
2025
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
Mar 7, 2025
$700,000
Abualshaikh Properties LLC
Chicago Title Land Trust Company
Deed
$595,000 · Old National Bank
Nov 9, 2023
—
Chicago Title Land Trust Company
Brigid Capital III LLC
Intrafamily Transfer
related
—
Mar 27, 2019
—
Brigid Capital III LLC
Trust Number 21787
Grant Deed
related
—
Jun 25, 2015
$325,000
Trust 21787
Byline Bank
Grant Deed
—
May 20, 2013
—
Metrobank
V & H Managing LLC
Warranty Deed
related
—
Jul 11, 2008
—
V & H Managing LLC
Patel,hermant N & Vansanti H
Quit Claim Deed
related
—
Jul 16, 2003
$620,000
Hermant N Patel
Palos Bank & Trust Co Trustee
Grant Deed
$320,000 · New Century Mortgage
Jun 9, 2000
$180,000
Palos Bank & Trust Co Ttee
Gambotz Trust
Grant Deed
related
$175,000 · Palos Bank & Trust
—
—
Palos Bank & Trust
—
Deed Of Trust
related
$49,811 · Palos Bank & Trust
—
—
V & H Managing LLC
—
Deed Of Trust
related
$547,500 · Citizens Community Bank
—
—
V & H Managing LLC
—
Deed Of Trust
related
$1,109,657 · Citizens Community 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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