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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Residential income homes
2314 Flournoy St, Chicago, IL 60612-3519
Individually Owned
9-yr Hold
Property ID
US28-5246729
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1997
Construction
FRAME
Total area
2,488 SF
Lot
0.06 ac (2,500 SF)
APN
17-18-300-032
UPID
US28-5246729
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
$360k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$520k
Owner & transaction history
Erikka X Wang · 9 yrs held
Erikka X Wang
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$680,000
+41.8%
Neighborhood: shopping center
$595,000
+23.8%
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
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$640,000
7%
$590,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$480,000
Current use
COMMERCIAL (GENERAL)
$680,000
Change: +42% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$595,000
Change: +24% · 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
$209 / 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
$13,415
Tax year 2022
Assessed value
$65,000
Assessed 2022
Previous assessed
$65,000
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$11,250
Assessed improvement
$53,750
Land market value
$112,500
Improvement market value
$537,500
Total market value
$650,000
Applied tax rate
77,100.0000
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
1997
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
4
Total area
2,488 SF
Lot
0.06 ac (2,500 SF)
APN
17-18-300-032
UPID
US28-5246729
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
$480,000
COMMERCIAL (GENERAL)
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Erikka X Wang
Individual
Mailing address
2314 W FLOURNOY ST, CHICAGO, IL 60612-3519
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2017
$535,000
Erikka X Wang
Severino,michael & Dagmara
Warranty Deed
$401,250 · Evolve Bk&tr
Jan 7, 2013
$285,000
Michael Severino
Federal Natl Mtg Assn Fnma
Grant Deed
$329,433 · Wintrust Mortgage Corp
Dec 24, 2009
—
Federal Natl Mtg Assn Fnma
Judicial Sales Corp
Grant Deed
related
—
Aug 19, 2005
—
Robert E Mchugh
Robert E Mchugh
Intrafamily Transfer
related
$376,000 · South Central Bank NA
Jan 2, 2004
—
Robert E Mchaugh
Mchugh,robert E
Quit Claim Deed
related
—
Nov 7, 2003
$438,000
Robert E Mchugh
Martinelli,david
Grant Deed
$322,700 · Washington Mutual Fsb
Jun 15, 2001
$372,500
David Martinelli
Oshea,john T
Grant Deed
$298,000 · Abn Amro Mortgage Group INC
—
—
Michael Severino
—
Deed Of Trust
related
$337,500 · Guaranteed Rate
—
—
John T O'shea
—
Deed Of Trust
related
$157,900 · Universal Mortgage
—
—
David J Martinelli
—
Deed Of Trust
related
$299,000 · Abn Amro Mortgage Group INC
—
—
Robert E Mchugh
—
Deed Of Trust
related
$123,000 · Gb Home Equity
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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