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Property profile & analytics
OFF-MARKET
Land
2641 Roosevelt Rd Chicago, IL 60608
Entity Owned
7-yr Hold
Free & Clear
Property ID
US28-5786851
Property summary
AI-generated overview
This paved commercial lot is located in the East Douglas Park neighborhood of Chicago. The surrounding area features ongoing rehabilitation and development. The property is situated in close proximity to the Rush Medical District. The lot size is 0.07 acres.
Property profile
Verified
Property type
Land
Use group
COMMERCIAL (GENERAL)
Year built
1997
Lot
0.07 ac (3,125 SF)
APN
16-24-202-004
UPID
US28-5786851
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
by Request
Owner & transaction history
East Douglas Partners LLC · 7 yrs held
East Douglas Partners LLC
since 2019
4 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
—
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
$1,934
Tax year 2022
Assessed value
$9,372
Assessed 2022
Previous assessed
$9,372
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$8,203
Assessed improvement
$1,169
Land market value
$32,812
Improvement market value
$4,676
Total market value
$37,488
Applied tax rate
77,113.0000
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
Land
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Heating
NONE
Lot
0.07 ac (3,125 SF)
APN
16-24-202-004
UPID
US28-5786851
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
1997
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
East Douglas Partners LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2552 W WARREN BLVD, CHICAGO, IL 60612-2124
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2019
—
East Douglas Partners LLC
Fairfield Investments LLC
Quit Claim Deed
related
—
Dec 27, 2018
$38,000
Fairfield Investment LLC
Bill Adrianos
Quit Claim Deed
related
—
Apr 10, 2006
$47,000
Bill Adrianos
Amco Properties INC
Grant Deed
—
Oct 20, 1998
—
Amco Properties INC
Cook County Tax Deed Clerk
Grant Deed
related
—
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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