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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Auto shops
1655 Irving Park Rd, Hanover Park, IL 60133-3374
Entity Owned
Free & Clear
Property ID
US28-5784102
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1984
Lot
0.56 ac (24,353 SF)
APN
06-25-403-024
UPID
US28-5784102
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
-
Car-X Tire & Auto Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
Gty Auto Service LLC
Gty Auto Service LLC
since 2025
Last sale
$1.4M
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 Hanover Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover Park 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
$41,840
Tax year 2022
Assessed value
$135,453
Assessed 2022
Previous assessed
$117,521
+15.3% YoY
Effective rate
30.89%
On assessed value
Assessed land
$73,059
Assessed improvement
$62,394
Land market value
$292,236
Improvement market value
$249,576
Total market value
$541,812
Applied tax rate
18,027.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Lot
0.56 ac (24,353 SF)
APN
06-25-403-024
UPID
US28-5784102
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
1984
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Gty Auto Service LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8543 N ORIOLE AVE, NILES, IL 60714-2039
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$1,429,000
Gty Auto Service LLC
L2 Equities Hanover Park LLC
Warranty Deed
—
Mar 14, 2025
$800,000
L2 Equities Hanover Park LLC
John Vavilis
Deed
$861,000 · First Bank & Trust Company Of Illin
Jul 2, 2012
—
Vavilis Adamantios & E Trust
Vavilis,adamantios & Eugenia
Quit Claim Deed
related
—
Jul 30, 2004
$865,500
Adamantios Vavilis
3500 Hoyt LLC
Warranty Deed
$535,000 · Midwest Bank & Trust Co
Jul 12, 2002
$497,000
3500 Hoyt LLC
Discoverer Services INC
Grant Deed
$20,000,000 · Cib Bank
Apr 1, 1998
$490,000
1272411 Illinois INC
Discoverer Services INC
Trustees Deed
—
—
—
Adamantios Vavilis
—
Deed Of Trust
related
$1,087,051 · Midwest Bank & Trust Co
—
—
1272411 Illinois INC
—
Deed Of Trust
related
$10,000 · Goldfarb Financial Svcs INC
—
—
Vavilis,adamantios & E Trust
—
Deed Of Trust
related
$400,000 · Wells Fargo Bk
—
—
Vavilis,adamantios & E Trust
—
Loan Modification
related
$400,000 · Wells Fargo Bk
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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