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Property profile & analytics
FOR SALE
Residential income homes
1742 W Wallen Ave Chicago Chicago, IL 60626
Individually Owned
4-yr Hold
Property ID
US28-5021489
For Sale
1 / 19
$729,000
1742 W Wallen Ave,Unit Chicago, Chicago, IL 60626
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1916
Construction
FRAME
Total area
3,917 SF
Lot
0.09 ac (3,750 SF)
APN
11-31-410-022
UPID
US28-5021489
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
-
Marie's Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$545k
Owner & transaction history
Alice A Kim · 4 yrs held
Alice A Kim
since 2022
Last sale
$510,000
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 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
$585,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$780,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $510k (Apr 1 2022)
Last sale anchor
$510k
Apr 1 2022
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
$139 / 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
$12,151
Tax year 2022
Assessed value
$59,077
Assessed 2022
Previous assessed
$59,077
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$6,750
Assessed improvement
$52,327
Land market value
$67,500
Improvement market value
$523,270
Total market value
$590,770
Applied tax rate
75,001.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1916
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
3
Bathrooms
3
Total area
3,917 SF
Lot
0.09 ac (3,750 SF)
APN
11-31-410-022
UPID
US28-5021489
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS) Current
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
1916
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
3
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Alice A Kim
Individual
Mailing address
525 W 31ST ST, CHICAGO, IL 60616-5198
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$510,000
Alice A Kim
Jenny Bok Oh
Warranty Deed
$360,000 · Union Home Mortgage Corp
Jul 28, 2014
—
Jenny Bok Oh
Bok Soon Oh
Intrafamily Transfer
related
$300,000 · Caliber Home Loans INC
Jul 9, 2009
$250,000
Bok S Oh
Mlmi Trust Series 2007-he1
Grant Deed
—
May 1, 2008
—
Bk NA Series 2007-he1 Lasalle
Intercounty Judicial Sales Cor
Trustees Deed
related
—
Dec 14, 2006
$650,000
Mohammed Ayoob
Komal Soni
Warranty Deed
$519,900 · First Nlc Financial Services LLC
Jan 25, 2006
$599,000
Komal Soni
Chicago Title Land Trust Co
Deed
$479,200 · First Nlc Financial Services LLC
Jun 10, 2004
$355,000
Lasalle Bank NA Trustee
Ramclam,edward
Grant Deed
related
—
—
—
Agatha A Ramclam
—
Deed Of Trust
related
$228,600 · Conseco Bank INC
—
—
Komal Soni
—
Deed Of Trust
related
$122,000 · Cit Group Consumer Finance INC
—
—
Komal Soni
—
Deed Of Trust
related
$488,000 · Cit Group Consumer Finance INC
—
—
Edward A Ramclam
—
Deed Of Trust
related
$316,000 · Finance America
—
—
Edward A Ramclam
—
Deed Of Trust
related
$295,500 · Long Beach Mortgage Co
—
—
Trust 131436
—
Deed Of Trust
related
$450,000 · Shorebank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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