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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Residential income homes
1832 Fairfield Ave 2W, Chicago, IL 60647-4214
Individually Owned
7-yr Hold
Property ID
US28-5504787
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1895
Construction
FRAME
Total area
2,409 SF
Lot
0.07 ac (3,150 SF)
APN
13-36-409-032
UPID
US28-5504787
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
$415k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$560k
Owner & transaction history
Gricelda Almazan · 7 yrs held
Gricelda Almazan
since 2019
6 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
$415,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$730,000
Current use
RETAIL STORES
$720,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$232 / 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
$11,107
Tax year 2022
Assessed value
$54,000
Assessed 2022
Previous assessed
$54,000
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$14,175
Assessed improvement
$39,825
Land market value
$141,750
Improvement market value
$398,250
Total market value
$540,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1895
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
3
Bathrooms
4
Total area
2,409 SF
Lot
0.07 ac (3,150 SF)
APN
13-36-409-032
UPID
US28-5504787
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
$730,000
RETAIL STORES
Est. value
$720,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1895
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
3
Bathrooms
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Gricelda Almazan
Individual
Mailing address
1832 N FAIRFIELD AVE, CHICAGO, IL 60647-4214
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2019
$440,000
Gricelda Almazan
Sanchez,teresa
Warranty Deed
$294,566 · Parkside Lndg
Apr 22, 2004
—
Teresa Sanchez
Sanchez,teresa
Quit Claim Deed
related
—
Oct 21, 2003
—
Teresa Sanchez
Torres,jose I
Quit Claim Deed
related
$97,000 · Bnc Mortgage INC
—
—
Lidia Torres
—
Deed Of Trust
related
$77,926 · Lendex INC
—
—
Lidia Torres
—
Deed Of Trust
related
$110,000 · Metrocities Mortgage LLC
—
—
Gricelda Almazan
—
Deed Of Trust
related
$311,340 · Parkside Lndg
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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