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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Retail residential properties
1407 Morse Ave 11, Chicago, IL 60626-3481
Individually Owned
27-yr Hold
Property ID
US28-2424508
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1916
Total area
7,400 SF
Lot
0.2 ac (8,600 SF)
APN
11-32-116-007
UPID
US28-2424508
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
-
USPS Drop-off Box (Blue Box) Post Office
-
Malliway Bros. Spells, Charms, & Potions Metaphysical Supply Store Book Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
American Nat'l Bk&tr Chgo Ttee · 27 yrs held
American Nat'l Bk&tr Chgo Ttee
since 1999
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%
$2,080,000
6.5%
$1,920,000
7%
$1,785,000
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$190 / 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
$30,631
Tax year 2022
Assessed value
$138,161
Assessed 2022
Previous assessed
$138,161
+0.0% YoY
Effective rate
22.17%
On assessed value
Assessed land
$12,685
Assessed improvement
$125,476
Land market value
$126,850
Improvement market value
$1,254,760
Total market value
$1,381,610
Applied tax rate
75,010.0000
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
1916
Heating
NONE
Stories
2
Total area
7,400 SF
Lot
0.2 ac (8,600 SF)
APN
11-32-116-007
UPID
US28-2424508
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
1916
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
American Nat'l Bk&tr Chgo Ttee
Individual
Mailing address
606 MULFORD ST REAR #3, EVANSTON, IL 60202-6009
Ownership since
1999
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
Mar 8, 2022
—
Chicago Title Land Trust Company NA
—
Deed
related
$620,000 · Albany Bank & Trust Company NA
Feb 16, 2018
—
Trust 125162-09
—
Deed
related
$1,200,000 · Bankfinancial NA
Jun 29, 1999
$370,000
American Nat'l Bk&tr Chgo Ttee
American Nat'l Bk&tr Chgo Ttee
Grant Deed
related
$685,000 · Manufacturers Bank
Oct 22, 1997
—
American National Bank Trust Ch
American Nationa
Quit Claim Deed
related
$320,000 · One National Bank Mo
—
—
Trust 125162-09
—
Deed Of Trust
related
$600,000 · Mb Financial Bank NA
—
—
Trust 125162-09
—
Deed Of Trust
related
$300,000 · Mb Financial Bank NA
—
—
Trust 125162-09
—
Deed Of Trust
related
$600,000 · Mb Financial Bank NA
—
—
Trust 125162-09
—
Deed Of Trust
related
$1,200,000 · Bankfinancial NA
—
—
Chicago Title Land Trust Co
—
Deed Of Trust
related
$500,000 · Mb Financial Bank NA
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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