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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail space
1734 48th St Chicago, IL 60609-4155
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-5215340
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1928
Total area
2,600 SF
Lot
0.07 ac (3,125 SF)
APN
20-07-204-043
UPID
US28-5215340
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
-
Fiesta wash coin laundromat (Bike/Boat/Book/etc) Store
-
LJV Properties LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$346k
Blend (final)
Blend
$545k
Owner & transaction history
L&j Professional Laundry Management · 4 yrs held
L&j Professional Laundry Management
since 2021
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$620,000
+26.5%
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
$575,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $510k (Dec 10 2021)
Last sale anchor
$510k
Dec 10 2021
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
$210 / 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
$6,520
Tax year 2022
Assessed value
$31,699
Assessed 2022
Previous assessed
$29,232
+8.4% YoY
Effective rate
20.57%
On assessed value
Assessed land
$7,031
Assessed improvement
$24,668
Land market value
$28,124
Improvement market value
$98,672
Total market value
$126,796
Applied tax rate
72,001.0000
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
1928
Heating
NONE
Stories
2
Total area
2,600 SF
Lot
0.07 ac (3,125 SF)
APN
20-07-204-043
UPID
US28-5215340
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
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$620,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1928
Heating
NONE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
L&j Professional Laundry Management
Entity
Mailing address
806 KEYSTONE AVE, RIVER FOREST, IL 60305-1320
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
L&j Professional Laundry Management
Ljv Property Management LLC
Intrafamily Transfer
related
$404,000 · American Heartland Bank & Trust
Oct 8, 2021
—
L&j Professional Laundry Management
Ljv Property Management LLC
Quit Claim Deed
related
—
Sep 24, 2009
$510,000
Ljv Property Management LLC
Plaza Bk
Warranty Deed
—
Jul 14, 2006
$850,000
Rodrigo Dossantos
C & S Coin Laundries INC
Grant Deed
$1,106,250 · Plaza Bank NA
May 16, 2003
$390,000
C & S Coin Laundries INC
Chalon,andrew
Grant Deed
$300,000 · Shorebank
—
—
Ljv Property Management LLC
—
Deed Of Trust
related
$700,000 · Plaza Bank NA
—
—
Andrew Chalon
—
Deed Of Trust
related
$60,500 · Austin Bank Chicago
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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