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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Residential income homes
226 Chicago Ave Chicago, IL 60654-3107
Trust Owned
8-yr Hold
Absentee Owner
Property ID
US28-1458846
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1888
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,213 SF
Lot
0.05 ac (2,000 SF)
APN
17-04-446-009
UPID
US28-1458846
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
-
SOAR Farmers Market Specialty Food Shop Farmer's Market
-
Soul Vibez - Chicago Restaurant
-
Can't Believe It's Not Meat Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$615k
Owner & transaction history
Trust 30758 · 8 yrs held
Trust 30758
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$770,000
+39.0%
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
$475,000
CAP Approach
CAP Return
Estimation
6%
$895,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: -12% · Conversion: Moderate
RETAIL STORES
$470,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$191 / 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
$20,295
Tax year 2022
Assessed value
$98,674
Assessed 2022
Previous assessed
$98,674
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$25,000
Assessed improvement
$73,674
Land market value
$250,000
Improvement market value
$736,740
Total market value
$986,740
Applied tax rate
74,002.0000
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
Off-Market
Year built
1888
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
3
Bathrooms
4
Total area
3,213 SF
Lot
0.05 ac (2,000 SF)
APN
17-04-446-009
UPID
US28-1458846
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
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
OFFICE BUILDING
Est. value
$490,000
RETAIL STORES
Est. value
$470,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1888
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
3
Bathrooms
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
Trust 30758
Trust
Mailing address
325 BRIAR LN, HIGHLAND PARK, IL 60035-4309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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 3, 2017
—
Trust 30758
—
Trustees Deed
related
$517,503 · Lake Forest Bk&tr
Jul 18, 2008
—
Trust 30758
—
Trustees Deed
related
$250,000 · Lake Forest Bank & Trust Co
—
—
Trust 30758
—
Deed Of Trust
related
$150,000 · Cosmopolitan Bank & Trust
—
—
Trust 30758
—
Deed Of Trust
related
$470,000 · Cosmopolitan Bank & Trust
—
—
Cosmopolitan Bank & Trust Ttee
—
Deed Of Trust
related
$220,200 · Cosmopolitan Bank & Trust Co
—
—
Chicago Title Land Tr Trust
—
Loan Modification
related
—
—
—
Cosmopolitan Bank & Trust Ttee
—
Deed Of Trust
related
$55,000 · Cosmopolitan Bank & Trust
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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