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Property profile & analytics
FOR SALE
Residential income homes
2129 N Damen Ave Chicago, IL 60647
Individually Owned
Absentee Owner
Property ID
US28-2568848
For Sale
$499,000
2129 N Damen Ave, Chicago, IL 60647
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1898
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,040 SF
Lot
0.07 ac (3,000 SF)
APN
14-31-208-015
UPID
US28-2568848
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
$425k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$520k
Owner & transaction history
Degroote Bjorn
Degroote Bjorn
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
Method
Estimation
Statistic approach
by Request
ML approach
$425,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$620,000
Current use
RETAIL STORES
$610,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$255 / 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
$10,779
Tax year 2022
Assessed value
$50,802
Assessed 2022
Previous assessed
$50,802
+0.0% YoY
Effective rate
21.22%
On assessed value
Assessed land
$15,000
Assessed improvement
$35,802
Land market value
$150,000
Improvement market value
$358,020
Total market value
$508,020
Applied tax rate
77,138.0000
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
For Sale
Year built
1898
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
3
Total area
2,040 SF
Lot
0.07 ac (3,000 SF)
APN
14-31-208-015
UPID
US28-2568848
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
$620,000
RETAIL STORES
Est. value
$610,000
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
1898
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Degroote Bjorn
Individual
Mailing address
1658 N MILWAUKEE AVE, CHICAGO, IL 60647-6905
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
$1,183,000
Degroote Bjorn
Development Group LLC
Warranty Deed
related
$946,400 · Guaranteed Rate, INC
May 5, 2026
$1,145,000
Rivera Jacqueline
Development Group LLC
Warranty Deed
related
$745,000 · Bay Mortgage Services INC
Apr 28, 2026
$985,000
Grass Meghan
Development Group LLC-606 Branch
Warranty Deed
related
$160,000 · Guild Mortgage Company
Jul 12, 2024
$1,350,000
Development Group LLC
Jgd Holdings LLC
Warranty Deed
$7,935,600 · American Eagle Bank
Jun 1, 2016
—
Jgd Holdings LLC
Jgd Project & Prop Mgmt Ltd
Quit Claim Deed
related
—
May 11, 2016
—
Jgd Holdings LLC
Jgd Project & Property Mgmt
Quit Claim Deed
related
—
Feb 27, 2015
$500,000
Jgd Project & Property Managem
Hoffman,dean J
Warranty Deed
—
Jun 9, 2000
$270,000
Hoffman,dean J
Szczech,michael R
Trustees Deed
—
Jun 9, 2000
—
Hoffman,dean J
Szczech,laura A
Trustees Deed
$216,000 · Bank United
Jan 25, 2000
—
Michael R Szczech
Cosmopolitan Bank & Trust Ttee
Grant Deed
related
—
—
—
Dean J Hoffman
—
Deed Of Trust
related
$309,000 · Washington Mutual Fsb
—
—
Dean Hoffman
—
Deed Of Trust
related
$457,500 · Washington Mutual Fsb
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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