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Property profile & analytics
OFF-MARKET
Banks
233 87th St Chicago, IL 60620-1306
Entity Owned
~
Est. High Equity
Property ID
US28-2377995
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2004
Lot
0.23 ac (9,935 SF)
APN
25-04-200-029
UPID
US28-2377995
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
-
TCF Bank Loan Service
-
ATM (TCF Bank) Atm
-
Huntington Bank ATM (Walk Up and Drive-Up) Atm
-
Huntington Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Silver Development II LLC
Silver Development II LLC
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$37,564
Tax year 2022
Assessed value
$182,088
Assessed 2022
Previous assessed
$182,088
+0.0% YoY
Effective rate
20.63%
On assessed value
Assessed land
$15,523
Assessed improvement
$166,565
Land market value
$62,092
Improvement market value
$666,260
Total market value
$728,352
Applied tax rate
72,003.0000
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
2004
Heating
NONE
Lot
0.23 ac (9,935 SF)
APN
25-04-200-029
UPID
US28-2377995
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
2004
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Silver Development II LLC
Entity
Mailing address
1405 XENIUM LN NPCC00PD, PLYMOUTH, MN 55441-4429
Ownership since
2025
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
Jul 15, 2025
—
Silver Development II LLC
Pcp Sherman Plaza LLC
Deed
—
Jun 28, 2021
—
Prescient Capital Partners Ltd
Freedom Development Group LLC
Warranty Deed
—
Jan 29, 2020
—
Freedom Dev Group-87th Street
—
Deed
related
$600,000 · Voshel Investments LLC
Oct 8, 2019
—
Freedom Dev Grp LLC-87th Stree
—
Deed Of Trust
related
$300,000 · Voshel Investments LLC
Jun 28, 2019
—
Freedom Dev Grp LLC-87th Stree
—
Grant Deed
related
$5,500,000 · Other Institutional Lenders
Dec 7, 2018
$2,335,000
Silver Dev LLC
Redus Illinois LLC
Grant Deed
—
Dec 7, 2018
—
Freedom Dev Group LLC
—
Grant Deed
related
$2,250,000 · T2 North Ave Lender 1
Dec 7, 2017
—
Silver Dev LLC
—
Grant Deed
related
$7,000,000 · Citi R/e Fndg INC
May 1, 2012
—
Redus Il LLC
Intercounty Judicial Sales Cor
Trustees Deed
related
—
Dec 14, 2011
$5,600,000
Fargo Bk NA Wells
Intercounty Judicial Sales Cor
Trustees Deed
related
—
—
—
Freedom Dev Group-87th Street
—
Loan Modification
related
$600,000 · Voshel Investments LLC
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
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