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Property profile & analytics
OFF-MARKET
Commercial real estate
1712 Sheridan Rd, North Chicago, IL 60064-2220
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5549518
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
BRICK
Total area
26,400 SF
Lot
0.28 ac (12,301 SF)
APN
08-33-325-020
UPID
US28-5549518
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
-
NC Dollar Plus Grocery & Convenience Store
-
Houze of Kuztum Department Store
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
Parveen Akhtar · 3 yrs held
Parveen Akhtar
since 2023
Last sale
$100,000
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 North Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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 2023Property tax & assessments
Tax year 2023
Tax billed
$21,311
Tax year 2023
Assessed value
$140,345
Assessed 2023
Previous assessed
$155,391
-9.7% YoY
Effective rate
15.18%
On assessed value
Assessed land
$11,859
Assessed improvement
$128,486
Land market value
$35,581
Improvement market value
$385,497
Total market value
$421,078
Applied tax rate
9,024.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
BRICK
Heating
NONE
Total area
26,400 SF
Lot
0.28 ac (12,301 SF)
APN
08-33-325-020
UPID
US28-5549518
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
1940
Construction
BRICK
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Parveen Akhtar
Individual
Mailing address
315 N CORNELL AVE, VILLA PARK, IL 60181-2164
Ownership since
2023
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
Apr 3, 2023
—
Parveen Akhtar
Khan M Sulemani
Intrafamily Transfer
related
—
Apr 13, 2017
—
Khan M Sulemani
Abbasi Properties LLC
Quit Claim Deed
related
—
Jan 14, 2015
$100,000
Abbasi Properties LLC
Trust Sbl-2719
Grant Deed
—
May 13, 2008
—
Trust Sbl-2719
Trust 2587
Quit Claim Deed
$269,195 · Lake Forest Bank & Trust Co
Dec 20, 2002
$480,000
Villa Park Trt & Sav Bank Ttee
Frank,louis F III
Grant Deed
related
—
Dec 20, 2002
—
Louis F Frank III
Churchill,tr
Grant Deed
related
—
Feb 17, 2000
—
William A Churchill Trustee
K & F Partnership
Grant Deed
related
—
Dec 14, 1999
$250,000
K & F Partnership
Kovach,michael & Christina
Grant Deed
$200,000 · First Midwest Bank
—
—
Parveen Akhtar
—
Deed Of Trust
related
$35,000 · City Of North Chicago
—
—
Villa Park Tr & Sav Bank
—
Deed Of Trust
related
$360,000 · Greater Chicago Bank
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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