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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Retail space
201 Lk St 3, Chicago, IL 60606-0239
Individually Owned
1-yr Hold
Free & Clear
Property ID
US28-1805276
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1878
Total area
12,700 SF
Lot
0.04 ac (1,827 SF)
APN
17-09-430-012
UPID
US28-1805276
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
-
JFP Media Group, Inc Advertising Agency Marketing & Advertising
-
Eligo Energy Electric Utility Company
-
Engine23 eCommerce Agency Marketing & Advertising IT Consulting Firm
-
Advocacy Digital Media Film Production Television Studio
-
Dunkin' (Bike/Boat/Book/etc) Store Bakery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$935k
Owner & transaction history
George Kokalias · 1 yrs held
George Kokalias
since 2024
Last sale
$812,000
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,520,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $812k (Aug 8 2024)
Last sale anchor
$812k
Aug 8 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
$74 / 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
$45,491
Tax year 2022
Assessed value
$221,171
Assessed 2022
Previous assessed
$200,663
+10.2% YoY
Effective rate
20.57%
On assessed value
Assessed land
$194,118
Assessed improvement
$27,053
Land market value
$776,472
Improvement market value
$108,212
Total market value
$884,684
Applied tax rate
76,064.0000
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 space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1878
Heating
NONE
Stories
3
Total area
12,700 SF
Lot
0.04 ac (1,827 SF)
APN
17-09-430-012
UPID
US28-1805276
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
AUTO REPAIR, GARAGE
Est. value
$1.5M
AUTO REPAIR, GARAGE
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
1878
Heating
NONE
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
George Kokalias
Individual
Free & Clear · 1 yrs held
Mailing address
188 N WLS ST STE #300, CHICAGO, IL 60606-3506
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
George Kokalias
188 N Wells LLC
Deed
related
—
Nov 8, 2024
$812,000
Northern Asteri Propertyb Managemen
George Kokalias
Warranty Deed
—
Sep 19, 2018
—
188 N Wells LLC
—
Deed
related
$650,000 · Belmont Bk&tr
Sep 30, 2008
—
188 N Wells LLC
Trust 11906
Grant Deed
$300,000 · Broadway Bank
Dec 17, 1998
$430,001
Pinnacle Bank Trustee
American Natl Bk&trt Chgo Ttee
Quit Claim Deed
related
$200,000 · Pinnacle Bank
—
—
Pinnacle Bank Trustee
—
Deed Of Trust
related
$650,000 · Broadway National Bank
—
—
188 N Wells LLC
—
Loan Modification
related
$800,000 · Belmont Bk&tr
—
—
188 N Wells LLC
—
Loan Modification
related
$650,000 · Belmont Bk&tr
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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