New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Retail space
2511 Kedzie Blvd, Chicago, IL 60647-2603
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US28-5869658
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1987
Total area
12,200 SF
Lot
0.14 ac (6,250 SF)
APN
13-25-320-001
UPID
US28-5869658
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
-
Fernandez Carlos MD Medical Group
-
Lara Kathryn Nicol MD Pediatrician Physician
-
Three Run Two Gym & Fitness Center Sports Field & Court
-
Logan Square Medical Group Medical Group
-
David Rojas Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Kedzie-logan LLC · 20 yrs held
Kedzie-logan LLC
since 2006
6 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,815,000
6.5%
$2,595,000
7%
$2,410,000
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±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
$164 / 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
$63,452
Tax year 2022
Assessed value
$307,447
Assessed 2022
Previous assessed
$307,447
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$28,515
Assessed improvement
$278,932
Land market value
$114,060
Improvement market value
$1,115,728
Total market value
$1,229,788
Applied tax rate
77,135.0000
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
1987
Heating
NONE
Stories
2
Total area
12,200 SF
Lot
0.14 ac (6,250 SF)
APN
13-25-320-001
UPID
US28-5869658
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
1987
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Kedzie-logan LLC
Entity
Mailing address
1737 W NEWPORT AVE, CHICAGO, IL 60657-1010
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2006
$1,015,000
Kedzie-logan LLC
Humana Health Plan INC
Grant Deed
$812,000 · North Shore Bank & Trust
—
—
Kedzie-logan LLC
—
Deed Of Trust
related
$3,000,000 · Signature Bk
—
—
Kedzie-logan LLC
—
Deed Of Trust
related
$2,118,750 · Firstmerit Bank NA
—
—
Kedzie-logan LLC
—
Deed Of Trust
related
$200,000 · Fidelity Capital Corp
—
—
Kedzie-logan LLC
—
Deed Of Trust
related
$1,903,595 · First Chicago Bank & Trust
—
—
Kedzie-logan LLC
—
Deed Of Trust
related
$2,000,000 · First Chicago Bank & Trust
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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