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Property profile & analytics
OFF-MARKET
Estimated value
$21,245,000
Community centers
1236 Sedgwick St Chicago, IL 60610
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-0325634
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1997
Total area
75,000 SF
Lot
0.06 ac (2,500 SF)
APN
17-04-143-030
UPID
US28-0325634
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
$21.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.25M
Owner & transaction history
Columbia II Old Town Square LLC · 2 yrs held
Columbia II Old Town Square LLC
since 2023
Last sale
$27.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$32.7M
+82.1%
Apartment house (5+ units)
$31.6M
+76.4%
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
$29,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,265,000
6.5%
$21,475,000
7%
$19,940,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$17,930,000
Current use
COMMERCIAL (GENERAL)
$32,650,000
Change: +82% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$31,625,000
Change: +76% · Conversion: Difficult
Blend value · Realmo final
$21.25M
Range $19.12M – $23.37M · ±10% · vs last sale $27.51M (Sep 25 2023)
Last sale anchor
$27.51M
Sep 25 2023
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
$283 / 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
$13,494
Tax year 2022
Assessed value
$65,604
Assessed 2022
Previous assessed
$65,604
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$59,787
Assessed improvement
$5,817
Land market value
$239,148
Improvement market value
$23,268
Total market value
$262,416
Applied tax rate
74,009.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Total area
75,000 SF
Lot
0.06 ac (2,500 SF)
APN
17-04-143-030
UPID
US28-0325634
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$17.9M
COMMERCIAL (GENERAL)
Est. value
$32.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Columbia II Old Town Square LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1 INDEPENDENT DR STE #114, JACKSONVILLE, FL 32202-5005
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2023
$27,510,000
Columbia II Old Town Square LLC
Uspp Old Town Square LLC
Warranty Deed
—
Jan 6, 2021
—
Uspp Old Town Square LLC
Principal Life Ins Co
Warranty Deed
related
—
Feb 26, 2003
—
Principal Life Insurance Co
—
Deed Of Trust
related
$10,850,000 · Prudential Insurance Co
Dec 3, 2001
$19,798,000
Old Town Square Shopping Cente
—
Grant Deed
related
—
Dec 27, 1999
—
Old Town Square Shopping Ctr
Melk Development Mcl Scott Sed
Grant Deed
$16,200,000 · Old Kent 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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