New search
Property profile & analytics
FOR SALE
Retail space
2323 N Milwaukee Ave Chicago, IL 60647
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US28-5246517
For Sale
1 / 17
$3,300,000
2323 N Milwaukee Ave, Chicago, IL 60647
View Listing →
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1909
Total area
28,800 SF
Lot
0.14 ac (6,250 SF)
APN
13-36-103-017
UPID
US28-5246517
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
-
Jack Storage Units - Cheap Self Storage Near You Storage Facility
-
Revolution Brewing - Brewpub Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.86M
Blend (final)
Blend
$3.04M
Owner & transaction history
2323 N Milwaukee LLC · 18 yrs held
2323 N Milwaukee LLC
since 2008
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
Blend value · Realmo final
$3.04M
Range $2.73M – $3.34M · ±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
$105 / 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
$67,720
Tax year 2022
Assessed value
$328,125
Assessed 2022
Previous assessed
$328,125
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$31,250
Assessed improvement
$296,875
Land market value
$125,000
Improvement market value
$1,187,500
Total market value
$1,312,500
Applied tax rate
77,137.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
For Sale
Year built
1909
Heating
NONE
Stories
3
Total area
28,800 SF
Lot
0.14 ac (6,250 SF)
APN
13-36-103-017
UPID
US28-5246517
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
Building & site characteristics
From public records
Year built
1909
Heating
NONE
Stories
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
2323 N Milwaukee LLC
Entity
Mailing address
2446 N FAIRFIELD AVE, CHICAGO, IL 60647-1806
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2022
—
2323 N Milwaukee LLC
—
Deed
related
$150,000 · Wells Fargo Bank NA
Jun 17, 2008
$1,080,000
2323 N Milwaukee LLC
Weismann,robert A
Warranty Deed
$557,500 · Banco Popular NA
Jan 24, 2000
—
Robert A Weisman
American Natl Bk&trt Chgo Ttee
Quit Claim Deed
related
$300,000 · Northern Trust Co
—
—
2323 N Milwaukee LLC
—
Deed Of Trust
related
$836,909 · Banco Popular NA
—
—
2323 N Milwaukee LLC
—
Deed Of Trust
related
$1,394,848 · Banco Popular NA
—
—
Robert A Weisman
—
Deed Of Trust
related
$400,000 · Northern Trust Co
—
—
2323 N Milwaukee LLC
—
Deed Of Trust
related
$857,000 · Somercor 504 INC
—
—
2323 N Milwaukee LLC
—
Deed Of Trust
related
$790,700 · Banco Popular NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
