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Property profile & analytics
FOR SALE
Retail space
3034 W Peterson Ave, Chicago, IL 60659
Entity Owned
~
Est. High Equity
Property ID
US28-1336617
For Sale
1 / 4
$749,000
3034 W Peterson Ave, Chicago, IL 60659
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
3,600 SF
Lot
0.12 ac (5,187 SF)
APN
13-01-125-052
UPID
US28-1336617
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
Current use
Occupant on record · Public records
-
Novamed Eye Surgery Center Medical Clinic Hospital
-
Novamed Ambulatory Sgy Center Medical Clinic Hospital
-
Dr. Lawrence D. Wolin, MD Ophthalmologist
-
Surgery Partners Medical Clinic
-
SHERIF FAHMY TAWADROS DAWOOD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$645k
Owner & transaction history
Foresight First Properties LLC
Foresight First Properties LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$860,000
+75.1%
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%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Change: +75% · Conversion: Moderate
OFFICE BUILDING
$485,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$179 / 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
$24,884
Tax year 2022
Assessed value
$120,982
Assessed 2022
Previous assessed
$120,982
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$23,341
Assessed improvement
$97,641
Land market value
$93,364
Improvement market value
$390,564
Total market value
$483,928
Applied tax rate
71,001.0000
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
For Sale
Year built
1970
Heating
NONE
Stories
1
Total area
3,600 SF
Lot
0.12 ac (5,187 SF)
APN
13-01-125-052
UPID
US28-1336617
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
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$860,000
OFFICE BUILDING
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$430,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Foresight First Properties LLC
Entity
Mailing address
1662 MCGOVERN ST, HIGHLAND PARK, IL 60035-3529
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
$410,000
Foresight First Properties LLC
Jcb Building Limited Liability Comp
Warranty Deed
$1,166,665 · Old National Bank
Apr 24, 2017
—
Jcb Building LLC
—
Deed
related
$408,636 · Mb Fin'l Bk
Feb 16, 2017
—
Jcb Building LLC
Trust 46367
Grant Deed
related
—
Dec 29, 2011
—
Jcb Building LLC
Gerstein,melvyn A & Dolores J
Quit Claim Deed
related
—
Aug 25, 2008
—
Melvyn A Gerstein
—
Trustees Deed
related
$150,000 · Harris NA
Feb 20, 2007
—
Trust 46367
—
Trustees Deed
related
$321,281 · J P Morgan Chase Bank
—
—
Todica Bulbuc
—
Deed Of Trust
related
$373,000 · America's Wholesale Lender
—
—
Melvyn A Gerstein
—
Deed Of Trust
related
$388,000 · Harris NA
—
—
Lasalle National Bank
—
Deed Of Trust
related
$375,000 · Bank One NA
—
—
Jcb Building LLC
—
Loan Modification
related
$408,636 · Mb Fin'l Bk
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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