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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Retail space
178 47th St, Chicago, IL 60653
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0138984
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1898
Total area
12,800 SF
Lot
0.37 ac (16,100 SF)
APN
20-03-320-013
UPID
US28-0138984
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
$1.43M
Blend (final)
Blend
$1.31M
Owner & transaction history
Oaklawn Properties LLC · 13 yrs held
Oaklawn Properties LLC
since 2012
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
$1,865,000
Current use
OFFICE BUILDING
$1,725,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,535,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$102 / 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
$32,990
Tax year 2022
Assessed value
$138,840
Assessed 2022
Previous assessed
$124,319
+11.7% YoY
Effective rate
23.76%
On assessed value
Assessed land
$36,225
Assessed improvement
$102,615
Land market value
$144,900
Improvement market value
$410,460
Total market value
$555,360
Applied tax rate
70,126.0000
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
1898
Heating
NONE
Stories
2
Total area
12,800 SF
Lot
0.37 ac (16,100 SF)
APN
20-03-320-013
UPID
US28-0138984
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
$1.9M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
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
1898
Heating
NONE
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Oaklawn Properties LLC
Entity
Mailing address
2 SHELBURNE DR, OAK BROOK, IL 60523-1747
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2012
$265,000
Oaklawn Properties LLC
100 E 47th Street LLC
Warranty Deed
$300,000 · Village Bank & Trust
Feb 9, 2006
—
John B Lee
Lee,minnie H
Quit Claim Deed
related
—
Feb 9, 2006
$1,100,000
100 E 47th Street LLC
Lee,john B
Warranty Deed
$1,090,000 · Shorebank
Nov 10, 2003
—
Minnie H Lee
Lee,john
Quit Claim Deed
related
—
Apr 29, 1999
$270,000
John Lee
Chicago Title Land Tr Co Ttee
Grant Deed
—
—
—
John Lee
—
Deed Of Trust
related
$200,000 · Banco Popular North America
—
—
100 E 47th Street LLC
—
Deed Of Trust
related
$100,000 · Shorebank
—
—
Minnie Lee
—
Deed Of Trust
related
$550,000 · Greenpoint Mortgage Funding
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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