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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Retail residential properties
2449 79th St Chicago, IL 60649-5126
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-2830860
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1926
Total area
4,300 SF
Lot
0.3 ac (12,870 SF)
APN
21-31-101-003
UPID
US28-2830860
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
-
Momrtgage AMF Loan Service Bank
-
Gallery Seven Nine Co Art Gallery
-
Food Distribution Center - IPIO Inc. Food Bank Charitable Organization
-
IPIO Inc. - Food Distribution Center Food Bank Charitable Organization
-
Gallery LKC Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.27M
Owner & transaction history
Essex Ave Units LLC · 3 yrs held
Essex Ave Units LLC
since 2022
Last sale
$2.2M
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
$2,385,000
ML approach
$2,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10% · vs last sale $2.21M (Nov 2 2022)
Last sale anchor
$2.21M
Nov 2 2022
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
$527 / 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
$38,330
Tax year 2022
Assessed value
$186,354
Assessed 2022
Previous assessed
$186,354
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$11,583
Assessed improvement
$174,771
Land market value
$115,830
Improvement market value
$1,747,710
Total market value
$1,863,540
Applied tax rate
70,032.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1926
Heating
NONE
Stories
3
Total area
4,300 SF
Lot
0.3 ac (12,870 SF)
APN
21-31-101-003
UPID
US28-2830860
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
1926
Heating
NONE
Stories
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Essex Ave Units LLC
Entity
Mailing address
2 SKILLMAN AVE #220, BROOKLYN, NY 11211-2204
Ownership since
2022
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
Nov 2, 2022
$2,214,000
Essex Ave Units LLC
Yw Essex LLC
Warranty Deed
—
Jan 21, 2020
$1,969,000
Yw Essex LLC
Bsd Realty Essex LLC
Warranty Deed
$1,652,000 · Arbor Com'l Fndg
Mar 20, 2019
$1,215,000
Bsd Realty Essex LLC
7900 S Essex LLC
Warranty Deed
—
May 25, 2011
$1,060,000
7900 S Essex LLC
Trust 9181
Grant Deed
$1,060,000 · Signature Bank
May 25, 1999
—
Northern Trust Co Trustee
—
Grant Deed
related
$733,800 · Success National Bank
—
—
7900 S Essex LLC
—
Deed Of Trust
related
$2,207,370 · Signature Bk
—
—
Northern Trust Co Trustee
—
Deed Of Trust
related
$825,000 · Bank Financial Fsb
—
—
Trust 9181
—
Deed Of Trust
related
$887,000 · Bank Financial Fsb
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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