New search
Property profile & analytics
FOR SALE
Residential income homes
1523 W Devon Ave Chicago, IL 60660
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-1088622
For Sale
1 / 5
$549,900
1523 W Devon Ave, Chicago, IL 60660
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1903
Construction
FRAME
Total area
2,590 SF
Lot
0.06 ac (2,825 SF)
APN
14-05-100-015
UPID
US28-1088622
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
-
Smitty’s Barber Shop Barber Shop
-
ParkChicago #486111 Parking Lot & Garage
-
Style Zone Pop-up Spot Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Justin Danniel Noel LLC · 9 yrs held
Justin Danniel Noel LLC
since 2017
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,639
Tax year 2022
Assessed value
$42,000
Assessed 2022
Previous assessed
$42,000
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$22,600
Assessed improvement
$19,400
Land market value
$226,000
Improvement market value
$194,000
Total market value
$420,000
Applied tax rate
73,068.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1903
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
4
Bathrooms
4
Total area
2,590 SF
Lot
0.06 ac (2,825 SF)
APN
14-05-100-015
UPID
US28-1088622
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
1903
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Justin Danniel Noel LLC
Entity
Mailing address
4611 N WESTERN AVE, CHICAGO, IL 60625-9309
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2017
$350,000
Justin Danniel Noel LLC
Trust 1549
Grant Deed
$262,500 · Prospect Fsb
—
—
Trust 1549
—
Loan Modification
related
$319,747 · Inland Bk&tr
—
—
Firstar Bank NA Ttee
—
Deed Of Trust
related
$900,000 · Citibank Fsb
—
—
Us Bank NA Trustee
—
Deed Of Trust
related
$200,000 · Amerimark Bank
—
—
B Meadows J
—
Deed Of Trust
related
$650,000 · Citibank Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
