Property profile

2431 Montrose Ave Chicago, IL 60618

OFF-MARKET
Grocery and convenience stores
Property ID
US28-2317186
12,100 SF 0.76 ac lot Built 1961
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1961
Total area 12,100 SF
Lot 0.76 ac (33,250 SF)
APN 13-13-402-051
UPID US28-2317186

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket

Location

2431 Montrose Ave Chicago, IL 60618-1605
Chicago metro Census 50300 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.62M
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$545k

Owner & transaction history

since 2009
2 recorded transactions
2009
Price N/A
2003
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $3.1M +63.5%
Neighborhood: shopping center $2.9M +53.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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