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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Banks
2131 China Pl Chicago, IL 60616-1536
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0051287
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1991
Total area
5,400 SF
Lot
0.07 ac (3,120 SF)
APN
17-21-431-017
UPID
US28-0051287
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
-
US Bank Mortgage Loan Service Bank
-
Charter One Bank Bank Loan Service
-
U.S. Bank Branch Bank Loan Service
-
US Bank ATM Atm
-
Financial Advisors | U.S. Bancorp Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.68M
Blend (final)
Blend
$2.72M
Owner & transaction history
Wm Wentworth Properties LLC 209 · 3 yrs held
Wm Wentworth Properties LLC 209
since 2023
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+2.8%
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
$2,455,000
ML approach
$2,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,670,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±10% · vs last sale $2.88M (Apr 26 2023)
Last sale anchor
$2.88M
Apr 26 2023
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
$504 / 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
$47,253
Tax year 2022
Assessed value
$229,736
Assessed 2022
Previous assessed
$229,736
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$39,000
Assessed improvement
$190,736
Land market value
$156,000
Improvement market value
$762,944
Total market value
$918,944
Applied tax rate
76,097.0000
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
1991
Heating
NONE
Stories
2
Total area
5,400 SF
Lot
0.07 ac (3,120 SF)
APN
17-21-431-017
UPID
US28-0051287
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
$1.7M
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
1991
Heating
NONE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Wm Wentworth Properties LLC 209
Entity
Mailing address
2830 S SHIELDS AVE, CHICAGO, IL 60616-2626
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2023
$2,880,000
Wm Wentworth Properties LLC 209
Cre Jv Mixed Fifteen Il 3 Branch Ho
Special Warranty Deed
$2,000,000 · Gcof LLC
Nov 8, 2016
—
Cre Jv Mixed Fifteen Il 3 Branch Ho
—
Deed
related
$1,558,800 · Wells Fargo Bank NA
Mar 9, 2007
$1,416,000
Cre Jv Mixed Fifteen Branch Ho
Charter One Bank NA
Grant Deed
—
Mar 9, 2007
—
Jv Mixed Fifteen Il 3 B Cre
Cre Jv Mixed Fifteen Branch Ho
Quit Claim 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.
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