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Property profile & analytics
FOR LEASE
Industrial properties
1975 N Hawthorne Ave, Melrose Park, IL 60160
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-1899846
For Lease
1 / 2
$10 SF/Yr
1975 N Hawthorne Ave, Melrose Park, IL 60160
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1963
Lot
2.16 ac (94,090 SF)
APN
12-33-400-052
UPID
US28-1899846
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
-
CrinklePak (Bike/Boat/Book/etc) Store
-
Biedermann and Sons Home Decor Store
-
Imperial Foods Distribution Center Logistics Company
-
Amerikoa Ingredients Food Processing Plant Factory
-
SITE Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.57M
Owner & transaction history
Hmc Chp 1975 Hawthorne LLC · 1 yrs held
Hmc Chp 1975 Hawthorne LLC
since 2024
Last sale
$4.1M
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 Melrose Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose Park 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
$2,960,000
ML approach
$3,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.57M
Range $3.21M – $3.93M · ±10% · vs last sale $4.14M (Apr 10 2024)
Last sale anchor
$4.14M
Apr 10 2024
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
—
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
$98,368
Tax year 2022
Assessed value
$293,000
Assessed 2022
Previous assessed
$732,500
-60.0% YoY
Effective rate
33.57%
On assessed value
Assessed land
$70,476
Assessed improvement
$222,524
Land market value
$281,904
Improvement market value
$890,096
Total market value
$1,172,000
Applied tax rate
20,257.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1963
Heating
NONE
Lot
2.16 ac (94,090 SF)
APN
12-33-400-052
UPID
US28-1899846
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
1963
Heating
NONE
Lot
2.16 ac
Current owner
From public records · entity-resolved
Hmc Chp 1975 Hawthorne LLC
Entity
Free & Clear · 1 yrs held
Mailing address
115 N BRANDON DR, GLENDALE HTS, IL 60139-2012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
—
Hmc Chp 1975 Hawthorne LLC
—
Deed
related
$3,430,000 · Byline Bank
Jul 10, 2024
$4,139,000
Hmc Chp 1975 Hawthorne LLC
Mbm Hawthorne Real Estate LLC
Special Warranty Deed
—
Apr 4, 2024
—
Mbm Hawthorne Real Estate LLC
—
Deed
related
$6,950,000 · The American Commercial Bank & Trust
Dec 23, 2022
—
Mbm Hawthorne Real Estate LLC
—
Deed
related
$3,021,802 · The American Commercial Bank & Trust
Jan 20, 2022
$2,930,000
Mbm Hawthorne Real Estate LLC
Chicago Title Land Trust Company
Deed
$1,665,000 · The American Commercial Bank & Trus
—
—
Trust 47495
—
Deed Of Trust
related
$1,000,000 · Harris NA
—
—
Trust 47495
—
Deed Of Trust
related
$3,050,000 · Firstmerit Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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