New search
Property profile & analytics
OFF-MARKET
Banks
1962 71st St Chicago, IL 60649
Entity Owned
~
Est. High Equity
Property ID
US28-2657218
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1922
Total area
16,000 SF
Lot
0.25 ac (10,681 SF)
APN
20-24-329-013
UPID
US28-2657218
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Jeffery Collection LLC
The Jeffery Collection LLC
since 2026
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,430
Tax year 2022
Assessed value
$40,208
Assessed 2022
Previous assessed
$114,613
-64.9% YoY
Effective rate
25.94%
On assessed value
Assessed land
$24,032
Assessed improvement
$16,176
Land market value
$96,128
Improvement market value
$64,704
Total market value
$160,832
Applied tax rate
70,049.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1922
Heating
NONE
Stories
2
Total area
16,000 SF
Lot
0.25 ac (10,681 SF)
APN
20-24-329-013
UPID
US28-2657218
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
1922
Heating
NONE
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
The Jeffery Collection LLC
Entity
Mailing address
6751 S CONSTANCE AVE, CHICAGO, IL 60649-1015
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Jeffery Collection LLC
—
Deed
related
$500,000 · Blue Capital Group LLC
Mar 18, 2026
$5,550,000
The Jeffery Collection LLC
71st And Jeffery LLC
Special Warranty Deed
$3,607,500 · Lbc Capital Income Fund Spe 2 LLC
Dec 17, 2021
$3,851,500
71st And Jeffery LLC
1962 E 71st LLC
Special Warranty Deed
—
Oct 1, 2021
—
71st And Jeffery LLC
—
Deed
related
$14,492,699 · Providence Bank & Trust
Mar 26, 2019
—
1962 E 71st LLC
—
Deed
related
$2,450,000 · Rflf 1 LLC
Jul 13, 2018
—
1962 E 71st LLC
—
Trust Deed
related
$2,000,000 · Rflf 1 LLC
Feb 15, 2017
$307,500
South Shore Coml Props LLC
Monroe 2014 LLC
Grant Deed
—
May 6, 2016
—
71st & Jeffery Holdings LLC
—
Deed
related
$7,099,900 · Bmo Harris Bk NA
Oct 9, 2015
$215,000
Monroe 2014 LLC
Urban Ptshp Bk
Quit Claim Deed
related
—
Dec 4, 2012
$514,500
Urban Ptshp Bk
Shore Bk
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1962 71st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
