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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Retail residential properties
1414 Devon Ave 24 Chicago, IL 60660-0109
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1467971
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1925
Total area
6,600 SF
Lot
0.28 ac (12,308 SF)
APN
11-32-327-012
UPID
US28-1467971
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
-
Meryen Driving School Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.17M
Owner & transaction history
Ashland Devon Chicago Equities · 9 yrs held
Ashland Devon Chicago Equities
since 2017
6 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$177 / 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
$49,728
Tax year 2022
Assessed value
$241,772
Assessed 2022
Previous assessed
$241,772
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$20,615
Assessed improvement
$221,157
Land market value
$206,150
Improvement market value
$2,211,570
Total market value
$2,417,720
Applied tax rate
75,013.0000
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
1925
Heating
NONE
Stories
3
Total area
6,600 SF
Lot
0.28 ac (12,308 SF)
APN
11-32-327-012
UPID
US28-1467971
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
1925
Heating
NONE
Stories
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Ashland Devon Chicago Equities
Individual
Mailing address
311 S WACKER DR STE #4800, CHICAGO, IL 60606-6653
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2017
—
Ashland Devon Chicago Equities
Ashlanddevon Equities LLC
Quit Claim Deed
related
$9,855,000 · Prudential Affordable Mtg
Jan 15, 2015
$2,238,000
Ashland Devon Pb LP|ashland Devon Lapin LLC
Devon Apartments LLC
Grant Deed
related
$8,100,000 · Arc Realty Finance Operating Partnership
Jan 12, 1999
—
Devon Apartments LLC
Devon Bank Ttee
Quit Claim Deed
related
$645,000 · Northern Trust Co
—
—
Devon Apartments LLC
—
Deed Of Trust
related
$1,825,000 · Sovereign Bank
—
—
Devon Apartments LLC
—
Deed Of Trust
related
$2,291,000 · Brickyard Bank
—
—
Devon Apartments LLC
—
Deed Of Trust
related
$600,000 · Northern Trust Co
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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