Property profile

1639 Farragut Ave Chicago, IL 60640

OFF-MARKET
Residential income homes
Property ID
US28-0778781
2,392 SF 0.08 ac lot Built 1904
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1904
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,392 SF
Lot 0.08 ac (3,670 SF)
APN 14-07-230-007
UPID US28-0778781

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1639 Farragut Ave Chicago, IL 60640-3346
Chicago metro Census 30900 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
$615k
Comparable Approach Comparable
$397k
Blend (final) Blend
$540k

Owner & transaction history

since 2016
7 recorded transactions
2016
$44,000
2012
$316,500
2011
Price N/A
2004
Price N/A
2003
Price N/A
2002
Price N/A
2002
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $810,000 +27.1%
Retail stores $680,000 +6.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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