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Property profile & analytics
OFF-MARKET
Residential income homes
2850 Polk St, Chicago, IL 60612-4008
Individually Owned
26-yr Hold
Property ID
US28-5565546
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1893
Construction
FRAME
Total area
3,036 SF
Lot
0.07 ac (3,125 SF)
APN
16-13-311-021
UPID
US28-5565546
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
Michael Adams · 26 yrs held
Michael Adams
since 2000
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
—
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
$1,206
Tax year 2022
Assessed value
$11,999
Assessed 2022
Previous assessed
$11,999
+0.0% YoY
Effective rate
10.05%
On assessed value
Assessed land
$3,671
Assessed improvement
$8,328
Land market value
$36,710
Improvement market value
$83,280
Total market value
$119,990
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1893
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
3
Bathrooms
3
Total area
3,036 SF
Lot
0.07 ac (3,125 SF)
APN
16-13-311-021
UPID
US28-5565546
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
1893
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
3
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Michael Adams
Individual
Mailing address
2850 W POLK ST, CHICAGO, IL 60612-4008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
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 6, 2000
$182,000
Michael Adams
Griffin,bobby
Grant Deed
$180,522 · New America Financial INC
Oct 21, 1998
—
Bobby Griffin
Scott,charles & Jewell
Quit Claim Deed
related
—
—
—
Bobby D Griffin
—
Deed Of Trust
related
$102,000 · Morequity INC
—
—
Michael Adams
—
Deed Of Trust
related
$183,500 · Washington Mutual Fsb
—
—
Michael-cheryl Adams
—
Deed Of Trust
related
$202,000 · Principal Residential Mtg
—
—
Michael Adams
—
Deed Of Trust
related
$202,500 · Security Mortgage Corp
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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