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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Theaters & concert halls
1801 Allport St, Chicago, IL 60608-3205
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-4621723
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1893
Total area
35,200 SF
Lot
0.29 ac (12,484 SF)
APN
17-20-316-001
UPID
US28-4621723
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
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.10M
Owner & transaction history
1215-25 W 18th LLC · 12 yrs held
1215-25 W 18th LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.6M
+47.0%
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
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$1,070,000
Current use
WAREHOUSE, STORAGE
$1,570,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$995,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$31 / 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
$76,818
Tax year 2022
Assessed value
$373,478
Assessed 2022
Previous assessed
$373,478
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$23,528
Assessed improvement
$349,950
Land market value
$94,112
Improvement market value
$1,399,800
Total market value
$1,493,912
Applied tax rate
77,001.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1893
Heating
NONE
Stories
4
Total area
35,200 SF
Lot
0.29 ac (12,484 SF)
APN
17-20-316-001
UPID
US28-4621723
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
THEATER (MOVIE) Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
THEATER (MOVIE) Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1893
Heating
NONE
Stories
4
Lot
0.29 ac
Current owner
From public records · entity-resolved
1215-25 W 18th LLC
Entity
Mailing address
600 W VAN BUREN ST STE #1000, CHICAGO, IL 60607-3767
Ownership since
2013
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
Mar 19, 2020
—
1215 25 W 18 Chicago LLC
—
Deed
related
$4,500,000 · Old Second National Bank
Jul 17, 2013
$3,200,000
1215-25 W 18th LLC
Ridgestone Bank
Grant Deed
$3,540,000 · Ridgestone Bank
Oct 30, 2012
—
Ridgestone Bk
Urban Services Ents LLC
Deed In Lieu Of Foreclosure
related
—
Apr 8, 2008
—
Urban Services Ents LLC
—
Trustees Deed
related
$4,000,000 · Ridgestone Bank
Nov 2, 2007
—
Urban Services Enterprises LLC
Dominick Geraci
Legal Action/court Order
related
—
Oct 14, 2004
—
Trust 04-7677
Thalia LLC
Quit Claim Deed
related
—
Jul 17, 2003
$1,100,000
Thalia LLC
Chicago Title Land Trt Co Ttee
Grant Deed
—
—
—
1215-25 W 18th Chicago LLC
—
Deed Of Trust
related
$1,649,000 · Somercor 504
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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