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Property profile & analytics
OFF-MARKET
Estimated value
$19,465,000
Community centers
2620 Whipple St Chicago, IL 60623
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-1170761
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1968
Total area
109,300 SF
Lot
1.67 ac (72,745 SF)
APN
16-25-301-035
UPID
US28-1170761
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.47M
Owner & transaction history
Ross Dress For Less INC · 2 yrs held
Ross Dress For Less INC
since 2023
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$178 / 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
$502,595
Tax year 2022
Assessed value
$2,336,286
Assessed 2022
Previous assessed
$1,916,538
+21.9% YoY
Effective rate
21.51%
On assessed value
Assessed land
$118,542
Assessed improvement
$2,217,744
Land market value
$474,168
Improvement market value
$8,870,976
Total market value
$9,345,144
Applied tax rate
77,083.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1968
Heating
NONE
Stories
2
Total area
109,300 SF
Lot
1.67 ac (72,745 SF)
APN
16-25-301-035
UPID
US28-1170761
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
1968
Heating
NONE
Stories
2
Lot
1.67 ac
Current owner
From public records · entity-resolved
Ross Dress For Less INC
Entity
Free & Clear · 2 yrs held
Mailing address
5130 HACIENDA DR, DUBLIN, CA 94568-7562
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
3045 West 26thstreet LLC
—
Deed
related
$32,200,000 · Lakeside Bank
Dec 4, 2023
—
Ross Dress For Less INC
26th Street Little Village LLC
Lease
—
Aug 22, 2023
—
Jpmorgan Chase Bank
26th Street Little Village LLC
Lease
—
Jul 21, 2023
—
26th Street Little Village LLC
—
Deed
related
$32,200,000 · Lakeside Bank
Feb 7, 2020
$17,500,000
26th Street Little Village LLC
Trust Number 22630
Grant Deed
$12,500,000 · Lakeside Bk
—
—
Trust 22630
—
Deed Of Trust
related
$10,125 · Natixis R/e Cap
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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