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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail space
2332 Milwaukee Ave, Chicago, IL 60647-3089
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-0399125
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1924
Total area
3,602 SF
Lot
0.05 ac (2,016 SF)
APN
13-36-105-038
UPID
US28-0399125
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
-
Rangel Legal - Abogados de Inmigración Law Firm
-
Rangel Rangel & Associates Law Firm
-
ParkChicago #311113 Parking Lot & Garage
-
Lastre Law Office Law Firm
-
Puerto Rican Bar Association of Illinois Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Trust 8002364515 · 12 yrs held
Trust 8002364515
since 2014
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
$420,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$179 / 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
$18,497
Tax year 2022
Assessed value
$89,625
Assessed 2022
Previous assessed
$89,625
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$10,080
Assessed improvement
$79,545
Land market value
$40,320
Improvement market value
$318,180
Total market value
$358,500
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
Off-Market
Year built
1924
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
3,602 SF
Lot
0.05 ac (2,016 SF)
APN
13-36-105-038
UPID
US28-0399125
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
1924
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Trust 8002364515
Trust
Mailing address
10 S LA SALLE ST STE #2750, CHICAGO, IL 60603-1108
Ownership since
2014
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
Jan 25, 2019
—
Chicago Title Land Trust Co
—
Deed
related
$134,527 · Bmo Harris Bank NA
Apr 8, 2014
—
Trust 8002364515
Rangel,patricia A
Quit Claim Deed
related
—
Dec 10, 2002
$325,000
Diego Rangel
Beltran,gerardo
Grant Deed
—
—
—
Trust Number 8002364515
—
Deed Of Trust
related
$134,527 · Bmo Harris Bk NA
—
—
Patricia A Rangel
—
Loan Modification
related
—
—
—
Gerardo Beltran
—
Deed Of Trust
related
$85,000 · Banco Popular North America
—
—
Patricia Rangel
—
Deed Of Trust
related
$250,000 · Lasalle National Bank
—
—
Raul Martinez
—
Deed Of Trust
related
$303,400 · Tamayo Financial Services
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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