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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Gas stations
2338 52nd St, Chicago, IL 60609
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2423221
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1958
Total area
400 SF
Lot
0.26 ac (11,220 SF)
APN
20-07-304-049
UPID
US28-2423221
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
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
52nd & Western Property LLC · 2 yrs held
52nd & Western Property LLC
since 2023
Last sale
$850,000
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
$905,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $850k (Nov 30 2023)
Last sale anchor
$850k
Nov 30 2023
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
$2,200 / 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
$23,763
Tax year 2022
Assessed value
$115,533
Assessed 2022
Previous assessed
$126,878
-8.9% YoY
Effective rate
20.57%
On assessed value
Assessed land
$25,245
Assessed improvement
$90,288
Land market value
$100,980
Improvement market value
$361,152
Total market value
$462,132
Applied tax rate
72,001.0000
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1958
Heating
NONE
Stories
1
Total area
400 SF
Lot
0.26 ac (11,220 SF)
APN
20-07-304-049
UPID
US28-2423221
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
1958
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
52nd & Western Property LLC
Entity
Mailing address
11140 S HARLEM AVE, WORTH, IL 60482-1830
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
$850,000
52nd & Western Property LLC
Chicago Title Land Trust Company
Deed
$127,500 · Old National Bank
Nov 1, 2023
—
Western Gas & Mini Mart INC
Parent Petoloeum INC
Agreement Of Sale
—
Feb 6, 2017
—
Trust 19442
—
Deed
related
$988,715 · Standard Bk
Dec 14, 2016
—
Trust 19442
—
Deed
related
$1,313,996 · Standard Bk
Sep 22, 2006
$1,400,000
Trust 19442
Ahmad,vasee U
Grant Deed
$1,374,000 · Standard Bk&tr/hickory Hills
Oct 7, 2003
$183,000
Vasee Ahmad
Chohan,mohammad Safder
Grant Deed
—
Jan 10, 2001
$225,000
Mohammad S Cohan
Malley,saida
Grant Deed
$200,000 · Greater Chicago Bank
—
—
Vasee U Ahmed
—
Deed Of Trust
related
$160,000 · Bridgeview Bank Group
—
—
Trust 19442
—
Loan Modification
related
$988,715 · Standard Bk
—
—
Trust 19442
—
Loan Modification
related
$1,313,996 · Standard Bk
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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