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Property profile & analytics
OFF-MARKET
Estimated value
$14,235,000
Community centers
2101 71st St Chicago, IL 60649-2143
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-2642947
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Total area
102,900 SF
Lot
4.29 ac (186,872 SF)
APN
20-25-200-037
UPID
US28-2642947
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
-
snipes Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
H&R Block Tax Preparation
-
Anishi Sunil Patel Dental Office
-
Baba's Famous Steak & Lemonade Restaurant
-
Dewanski H Patel Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.24M
Owner & transaction history
7131 Jeffrey Dev LLC · 7 yrs held
7131 Jeffrey Dev LLC
since 2019
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
COMMERCIAL (GENERAL)
$21,705,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$14.24M
Range $12.81M – $15.66M · ±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
$138 / 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
$351,390
Tax year 2022
Assessed value
$1,354,674
Assessed 2022
Previous assessed
$1,354,674
+0.0% YoY
Effective rate
25.94%
On assessed value
Assessed land
$420,057
Assessed improvement
$934,617
Land market value
$1,680,228
Improvement market value
$3,738,468
Total market value
$5,418,696
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Total area
102,900 SF
Lot
4.29 ac (186,872 SF)
APN
20-25-200-037
UPID
US28-2642947
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
COMMERCIAL (GENERAL)
Est. value
$21.7M
COMMERCIAL (GENERAL)
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
1989
Heating
NONE
Stories
1
Lot
4.29 ac
Current owner
From public records · entity-resolved
7131 Jeffrey Dev LLC
Entity
Mailing address
8847 S HARLEM AVE, BRIDGEVIEW, IL 60455-1907
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2019
$13,000,000
7131 Jeffrey Dev LLC
Jeffrey Plaza Investors LLC
Trustees Deed
related
$10,250,000 · National Cooperative Bk
Feb 8, 2019
—
Jeffrey Advisors LLC
—
Trustees Deed
related
$10,000 · Miscellaneous Govt Agcy
Oct 7, 2013
$6,149,000
Jeffrey Plaza Investors LLC
Charleston Southside LLC
Grant Deed
$13,500,000 · Prudential Mortgage Capital Co
Aug 27, 2003
$16,500,000
Charleston Southside LLC
Suckerman,richard
Quit Claim Deed
related
—
Mar 4, 2003
—
Mw Partners LP
Woit,richard E
Quit Claim Deed
related
—
Nov 5, 1999
—
Wesley LLC
Bass,wesley
Quit Claim Deed
related
—
Sep 29, 1999
$724,500
Buttonwood Bay Investors
South Jeffrey Investment Corp
Grant Deed
—
Sep 3, 1999
$200,000
Nina Machi
South Jeffrey Investment Corp
Grant Deed
—
May 18, 1999
$82,000
Pennover Hill Associates
South Shore Jeffrey Plaza
Grant Deed
—
Apr 16, 1999
—
South Shore Jeffrey Plaza LLC
Cole Taylor Bank Trustee
Trustees Deed
related
—
Apr 16, 1999
$750,000
South Shore Jeffrey Plaza LLC
South Shore Jeffrey Plaza LLC
Trustees Deed
related
—
Apr 8, 1999
—
South Shore Jeffrey Plaza LLC
Cole Taylor Bank Trustee
Quit Claim Deed
related
—
Apr 8, 1999
$500,000
Wahl Street Properties LLC
South Shore Jeffrey Plaza LLC
Trustees Deed
—
Apr 8, 1999
$300,000
Suckerman,richard & Joyce
South Shore Jeffrey Plaza LLC
Trustees Deed
—
Apr 8, 1999
$294,500
Woit,richard
South Shore Jeffrey Plaza LLC
Trustees Deed
—
Jan 15, 1999
$562,500
Bass,wesley
South Shore Jeffrey Plaza LLC
Trustees Deed
—
Jan 15, 1999
—
Cole Taylor Bank Trustee
—
Deed Of Trust
related
$9,858,000 · Parkway Bank & Trust Co
Jan 5, 1999
—
Cole Taylor Bank Trustee
—
Deed Of Trust
related
$1,000,000 · Parkway Bank & Trust Co
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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