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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Industrial land
3014 Montrose Ave 1W Chicago, IL 60618-9758
Individually Owned
2-yr Hold
Property ID
US28-1540020
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1920
Total area
11,100 SF
Lot
0.29 ac (12,500 SF)
APN
13-13-128-028
UPID
US28-1540020
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
$595k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$650k
Owner & transaction history
Patricia L Moody · 2 yrs held
Patricia L Moody
since 2023
Last sale
$724,000
7 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
$555,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$725,000
7%
$675,000
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $724k (Aug 11 2023)
Last sale anchor
$724k
Aug 11 2023
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
$59 / 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
$9,486
Tax year 2022
Assessed value
$43,750
Assessed 2022
Previous assessed
$43,750
+0.0% YoY
Effective rate
21.68%
On assessed value
Assessed land
$43,750
Land market value
$175,000
Total market value
$175,000
Applied tax rate
71,122.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Total area
11,100 SF
Lot
0.29 ac (12,500 SF)
APN
13-13-128-028
UPID
US28-1540020
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
1920
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Patricia L Moody
Individual
Mailing address
3014 W MONTROSE AVE APT 1W, CHICAGO, IL 60618-9758
Mailing matches property
Yes
Owner-occupied
Yes
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$724,000
Patricia L Moody
Bresani LLC Series C
Warranty Deed
$579,200 · Crosscountry Mortgage LLC
May 26, 2023
$649,000
Timothy Ruppe
Bresani LLC Series C
Warranty Deed
$519,200 · Guaranteed Rate INC
May 2, 2023
$749,000
Collin Lee
Bresani LLC Series C
Warranty Deed
$561,750 · Greenstate Cu
Mar 17, 2023
$549,000
Katharine Cikanek
Bresani LLC Series C
Warranty Deed
$519,000 · Prosperity Home Mortgage LLC
Jan 4, 2023
$549,000
Christopher Perfetto
Bresani LLC Series C
Warranty Deed
$411,750 · Greenstate Cu
Nov 29, 2022
$739,000
Ritch E Hartman
Bresani LLC Series C
Warranty Deed
$591,200 · United Wholesale Mortgage
Nov 22, 2022
$649,000
Haotian Guo
Bresani LLC Series C
Warranty Deed
$616,550 · Draper & Kramer Mortgage Corp
Nov 17, 2022
$739,000
Lonnie Roy
Bresani LLC Series C
Warranty Deed
—
Sep 6, 2022
$639,000
Aaron M Newton
Bresani LLC Series C
Warranty Deed
$607,050 · Guaranteed Rate INC
Sep 1, 2022
$639,000
Fletcher Rhoads
Bresani LLC Series C
Warranty Deed
$575,100 · Crosscountry Mortgage LLC
Aug 24, 2022
$540,000
John Mckune
Bresani LLC Series C
Warranty Deed
$512,905 · Draper & Kramer Mortgage Corp
Aug 22, 2022
$539,000
John R Mallon
Bresani LLC Series C
Warranty Deed
$431,200 · United Wholesale Mortgage
Apr 29, 2021
$1,100,000
Bresani LLC Series C
Gxsr LLC 3008 W Montroe Series
Warranty Deed
$283,500 · First National Bank
Dec 16, 2019
$800,000
Gxsr LLC
Kamis Ted Trust
Warranty Deed
—
Sep 27, 2004
—
Kamish Ted Trust
Kamish,theodore
Quit Claim Deed
related
—
Dec 16, 2003
—
Ronald Kamish
Kamish,tr
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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