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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Retail space
2953 Central Ave, Chicago, IL 60634
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US28-0068810
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1927
Total area
4,700 SF
Lot
0.2 ac (8,658 SF)
APN
13-28-116-001
UPID
US28-0068810
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
$706k
Blend (final)
Blend
$655k
Owner & transaction history
American Archer Corp · 15 yrs held
American Archer Corp
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$635,000
+14.4%
Auto repair, garage
$565,000
+1.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Current use
OFFICE BUILDING
$635,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$565,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$139 / 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
$27,041
Tax year 2022
Assessed value
$115,237
Assessed 2022
Previous assessed
$115,237
+0.0% YoY
Effective rate
23.47%
On assessed value
Assessed land
$38,961
Assessed improvement
$76,276
Land market value
$155,844
Improvement market value
$305,104
Total market value
$460,948
Applied tax rate
71,078.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1927
Heating
NONE
Stories
1
Total area
4,700 SF
Lot
0.2 ac (8,658 SF)
APN
13-28-116-001
UPID
US28-0068810
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$565,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
American Archer Corp
Entity
Mailing address
3 MALLORY CT, BURR RIDGE, IL 60527-5260
Ownership since
2011
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
Jun 7, 2011
$500,000
American Archer Corp
Hmp Properties INC
Grant Deed
$375,000 · North Bank
Oct 13, 2010
—
Hmp Properties INC
Sheriff Of Cook County
Trustees Deed
related
—
Oct 25, 2007
$2,950,000
Central Wellington LLC
Husam E Aldairi
Warranty Deed
$1,950,000 · Washington Mutual Bank
Oct 25, 2007
—
Washington Mutu Bk
Central Wellington LLC
Grant Deed
related
—
Nov 1, 2005
—
Husam E Aldairi
—
Trustees Deed
related
$1,620,000 · First Suburban National Bank
Jul 29, 2003
$335,000
Husam E Aldairi
Macks,tr
Grant Deed
$301,500 · Republic Bank Chicago
Jan 3, 2003
$2,200,000
Home State Bank NA Trustee
Bank Of Waukegan Trustee
Grant Deed
related
$1,450,000 · Home State Bank
Dec 29, 1999
$208,000
Macks Trust
Chicago Title Land Trt Co Ttee
Quit Claim 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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