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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Community centers
140 87th St Chicago, IL 60620
Entity Owned
~
Est. High Equity
Property ID
US28-0784287
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Total area
3,000 SF
Lot
13.36 ac (581,962 SF)
APN
20-33-411-039
UPID
US28-0784287
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
$860k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Diya 87th Ryan LLC
Diya 87th Ryan LLC
since 2025
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%
$930,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Current use
COMMERCIAL (GENERAL)
$625,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$240 / 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
$1,624,056
Tax year 2022
Assessed value
$7,895,942
Assessed 2022
Previous assessed
$7,895,942
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$959,103
Assessed improvement
$6,936,839
Land market value
$3,836,412
Improvement market value
$27,747,356
Total market value
$31,583,768
Applied tax rate
72,001.0000
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
1989
Heating
NONE
Stories
1
Total area
3,000 SF
Lot
13.36 ac (581,962 SF)
APN
20-33-411-039
UPID
US28-0784287
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
$715,000
COMMERCIAL (GENERAL)
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1989
Heating
NONE
Stories
1
Lot
13.36 ac
Current owner
From public records · entity-resolved
Diya 87th Ryan LLC
Entity
Mailing address
16600 DALLAS PKWY STE #300, DALLAS, TX 75248-2610
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Diya 87th Ryan LLC
Raina 87th Ryan LLC
Deed
—
Jan 16, 2025
—
Chatham Ridge Srf Il LLC
—
Deed
related
$30,500,000 · Morgan Stanley Bank NA
Jun 23, 2021
$30,468,000
T Chatham Ridge Srf Il LLC
In Retail Fund Chatham Ridge LLC
Special Warranty Deed
$23,475,000 · Goldman Sachs Bank USA
Sep 26, 2008
—
Bally Total Fitness Corp
—
Deed Of Trust
related
$292,000,000 · Morgan Stanley Senior Funding
Apr 22, 2005
—
Retail Fund Chatham Ridge L In
Trust 125601-08
Grant Deed
related
—
Feb 14, 2000
$19,475,500
Inland Real Estate Illinois Ll
Travelers Casualty & Surety Co
Trustees Deed
—
Feb 14, 2000
—
American Nat'l Bk&tr Chgo Ttee
Inland Real Estate Illinois
Quit Claim Deed
related
$9,737,620 · Lasalle National Bank
—
—
Retail Fund Chatham Ridge L In
—
Deed Of Trust
related
$18,000,000 · Ing Life Ins & Annunity Co
—
—
Retail Fund Chatham Ridge LLC
—
Deed Of Trust
related
$15,000,000 · Lasalle National 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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