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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Industrial properties
1240 Wn Ave West Chicago, IL 60185-1087
Trust Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2312546
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Total area
109,241 SF
Lot
9.95 ac (433,422 SF)
Zoning code
C
APN
01-29-402-007
UPID
US28-2312546
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
$3.41M
Blend (final)
Blend
$970k
Owner & transaction history
Pietrobon John F Trust · 21 yrs held
Pietrobon John F Trust
since 2004
7 recorded transactions
Zoning & alternative use
C · West Chicago, IL
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 West Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$9 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$163,109
Tax year 2023
Assessed value
$1,768,560
Assessed 2023
Previous assessed
$1,684,340
+5.0% YoY
Effective rate
9.22%
On assessed value
Assessed land
$262,280
Assessed improvement
$1,506,280
Land market value
$786,840
Improvement market value
$4,518,840
Total market value
$5,305,680
Applied tax rate
1,007.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1994
Heating
NONE
Total area
109,241 SF
Lot
9.95 ac (433,422 SF)
Zoning code
C
APN
01-29-402-007
UPID
US28-2312546
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · West Chicago, ILZoning C · permitted uses
C · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Lot
9.95 ac
Current owner
From public records · entity-resolved
Pietrobon John F Trust
Trust
Mailing address
31ST N AVE, WEST CHICAGO, IL 60185-1088
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Apr 13, 2022
—
A&a Conte Joint Venture LP
—
Deed
related
$10,000,000 · Byline Bank
Oct 28, 2016
—
A & A Conte Jv LP
—
Deed
related
$24,200,000 · Mb Fin'l Bk
Nov 3, 2008
—
A Jv
—
Deed Of Trust
related
$6,000,000 · American Bank & Trust
Nov 16, 2004
—
Pietrobon John F Trust
Pietrobon John F Trust
Quit Claim Deed
related
—
Apr 23, 1998
$210,000
A & A Conte Joint Venture Ltd
Conte Building Corp
Quit Claim Deed
related
—
—
—
A LP
—
Deed Of Trust
related
$1,000,000 · Old Kent Bank
—
—
A LP
—
Deed Of Trust
related
$2,000,000 · Old Kent Bank
—
—
A Jv
—
Deed Of Trust
related
$1,700,000 · American Bank & Trust
—
—
A LP
—
Loan Modification
related
$4,800,000 · Mb Financial Bank NA
—
—
A & A Conte Jv LP
—
Loan Modification
related
$24,200,000 · Mb Fin'l Bk
—
—
A Jv
—
Deed Of Trust
related
$500,000 · American Bank & Trust
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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