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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Retail space
1647 59th St Chicago, IL 60636-1754
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2668190
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1999
Lot
0.58 ac (25,457 SF)
APN
20-18-232-008
UPID
US28-2668190
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
$4.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.75M
Owner & transaction history
Ashland 59th LLC · 5 yrs held
Ashland 59th LLC
since 2020
Last sale
$3.5M
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
Method
Estimation
Statistic approach
$4,010,000
ML approach
$4,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±10% · vs last sale $3.45M (Jul 15 2020)
Last sale anchor
$3.45M
Jul 15 2020
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
—
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
$117,479
Tax year 2022
Assessed value
$571,167
Assessed 2022
Previous assessed
$571,167
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$57,278
Assessed improvement
$513,889
Land market value
$229,112
Improvement market value
$2,055,556
Total market value
$2,284,668
Applied tax rate
72,163.0000
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 space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1999
Heating
NONE
Lot
0.58 ac (25,457 SF)
APN
20-18-232-008
UPID
US28-2668190
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
1999
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
Ashland 59th LLC
Entity
Mailing address
66 SILO RDG RD S, ORLAND PARK, IL 60467-7334
Ownership since
2020
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
Jul 15, 2020
$3,450,000
Ashland 59th LLC
1642 West 59th Street LLC
Grant Deed
$2,716,875 · International Bk/chicago
Sep 9, 2011
$850,000
1642 West 59th Street LLC
Ge Coml Fin Busn Prop Corp
Grant Deed
—
Mar 30, 2010
—
Ge Coml Fin Busn Prop Corp
Judicial Sales Corp
Trustees Deed
related
—
—
—
1642 West 59th Street LLC
—
Deed Of Trust
related
$2,000,000 · Seaway Bk&tr
—
—
1642 West 59th Street LLC
—
Deed Of Trust
related
$2,400,000 · Chicago Community Loan Fund
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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