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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Retail space
1670 Pratt Blvd, Chicago, IL 60626-4105
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-5902091
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1924
Total area
14,800 SF
Lot
0.36 ac (15,738 SF)
APN
11-31-226-011
UPID
US28-5902091
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.45M
Owner & transaction history
Don Deal 3 LLC · 9 yrs held
Don Deal 3 LLC
since 2016
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 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
Alternative Use
Use
Estimation
RETAIL STORES
$2,155,000
Current use
OFFICE BUILDING
$1,995,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,775,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$98 / 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
$43,875
Tax year 2022
Assessed value
$197,898
Assessed 2022
Previous assessed
$197,898
+0.0% YoY
Effective rate
22.17%
On assessed value
Assessed land
$65,902
Assessed improvement
$131,996
Land market value
$263,608
Improvement market value
$527,984
Total market value
$791,592
Applied tax rate
75,010.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1924
Heating
NONE
Stories
1
Total area
14,800 SF
Lot
0.36 ac (15,738 SF)
APN
11-31-226-011
UPID
US28-5902091
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1924
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Don Deal 3 LLC
Entity
Mailing address
2007 W CHURCHILL ST APT #302, CHICAGO, IL 60647-6029
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2017
—
Don Deal 3 LLC
—
Grant Deed
related
$2,270,000 · Bridgeview Bk
Sep 13, 2016
$500,000
Don Deal 3 LLC
6801 North Clark LLC
Warranty Deed
related
$1,000,000 · Mrc Don Deal 3 LLC
Nov 13, 2007
—
6801 North Clark LLC
Menetti P 2007 Trust
Grant Deed
—
Oct 27, 2006
—
Sam Menetti
—
Deed Of Trust
related
$4,695,000 · Diamond Bank Fsb
Mar 21, 2006
$1,375,000
Sam Menetti
Mavrakis,theodore
Warranty Deed
—
Jan 29, 1999
—
Theodore Mavrakis
—
Deed Of Trust
related
$2,000,000 · First National Morton Grove
Apr 22, 1998
—
Theodore Mavrakis
—
Deed Of Trust
related
$1,000,000 · Bdk Holding Corp
—
—
Mt Prospect Venture INC
—
Deed Of Trust
related
$50,000 · First National Bank Morton Gro
—
—
Sam Menetti
—
Deed Of Trust
related
$810,000 · Diamond Bank Fsb
—
—
Theodore Mavrakis
—
Deed Of Trust
related
$400,000 · Mb Financial Bank NA
—
—
Theodore Mavrakis
—
Deed Of Trust
related
$472,500 · Mb Financial Bank NA
—
—
Don Deal 3 LLC
—
Loan Modification
related
$3,828,751 · First Midwest Bk
—
—
Theodore Mavrakis
—
Deed Of Trust
related
$30,000 · First National Bank Morton Gro
—
—
Theodore Mavrakis
—
Deed Of Trust
related
$50,000 · First Nat'l Bank Morton Grove
—
—
Sam Menetti
—
Deed Of Trust
related
$810,000 · Diamond Bank 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.
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