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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail residential properties
1819 21st E Belmont Ave Chicago, IL 60657
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-0708742
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1903
Total area
2,400 SF
Lot
0.14 ac (6,250 SF)
APN
14-30-201-006
UPID
US28-0708742
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
-
Steel Mace Yoga Flow Gym & Fitness Center
-
Blue Flow Sound Physician Alternative Medicine Practice
-
Karen Fayden Foster Care Service Social Service Agency
-
Cari Rogers, Holistic Health Facilitator Gym & Fitness Center Alternative Medicine Practice
-
1819 W. Belmont Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$416k
Blend (final)
Blend
$505k
Owner & transaction history
Chicago Belmont Partners LLC · 12 yrs held
Chicago Belmont Partners LLC
since 2014
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
$475,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$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
$29,231
Tax year 2022
Assessed value
$142,116
Assessed 2022
Previous assessed
$149,694
-5.1% YoY
Effective rate
20.57%
On assessed value
Assessed land
$37,500
Assessed improvement
$104,616
Land market value
$375,000
Improvement market value
$1,046,160
Total market value
$1,421,160
Applied tax rate
73,001.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1903
Heating
NONE
Stories
2
Total area
2,400 SF
Lot
0.14 ac (6,250 SF)
APN
14-30-201-006
UPID
US28-0708742
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
Building & site characteristics
From public records
Year built
1903
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Chicago Belmont Partners LLC
Entity
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
—
Chicago Belmont Partners LLC
—
Deed
related
$1,976,000 · Jpmorgan Chase Bank NA
Mar 20, 2014
$2,525,000
Chicago Belmont Partners LLC
Mrr 1819 W Belmont LLC
Grant Deed
$1,641,250 · North Shore Cmnty Bk
Sep 7, 2012
$1,225,000
Mrr 1819 W Belmont LLC
Esses Family LLC
Warranty Deed
—
Apr 2, 2008
—
Esses Family LLC
—
Deed Of Trust
related
$1,263,000 · M & I Marshall & Isley Bank
Aug 18, 2004
—
Ashland Partners LLC
New Haven Homes Of Illinois LLC
Warranty Deed
$175,000 · Cole Taylor Bank
Jun 16, 2003
—
Esses Family LLC
Cosmopolitan Bank & Trust Ttee
Grant Deed
$1,050,000 · Charter One Bank
Nov 17, 1999
—
American Nat'l Bk&tr Chgo Ttee
Cosmopolitan Bank & Trust Ttee
Grant Deed
related
—
Feb 18, 1998
$700,000
Cosmopolitan N'tl Bank Trustee
Lakeside Bank Trustee
Grant Deed
related
$660,000 · Citibank Fsb
—
—
Mrr 1819 W Belmont LLC
—
Deed Of Trust
related
$1,160,000 · Mb Financial Bank NA
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$944,000 · Liberty Federal Bank
—
—
Esses Family LLC
—
Deed Of Trust
related
$901,000 · M & I Marshall & Isley Bank
—
—
Esses Family LLC
—
Deed Of Trust
related
$842,000 · M & I Marshall & Isley Bank
—
—
Chicago Belmont Partners LLC
—
Deed Of Trust
related
$1,795,000 · Jp Morgan Chase Bk
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$944,000 · Liberty Federal Bank
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$814,000 · Citibank Fsb
—
—
Esses Family LLC
—
Deed Of Trust
related
$872,000 · M & I Marshall & Isley Bank
—
—
Esses Family LLC
—
Deed Of Trust
related
$240,000 · M & I Marshall & Isley Bank
—
—
John Elias
—
Deed Of Trust
related
$50,450 · National City Bank
—
—
Cosmopolitan Bank & Trust Ttee
—
Deed Of Trust
related
$75,000 · Chicago Title
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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