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Property profile & analytics
OFF-MARKET
Retail space
3047 111th St Chicago, IL 60655-2236
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-5681122
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1954
Total area
6,400 SF
Lot
0.07 ac (3,125 SF)
APN
24-24-102-004
UPID
US28-5681122
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
-
Barraco's Pizza Chicago Take-out & Catering Catering Service
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
B-rocks LLC · 12 yrs held
B-rocks LLC
since 2014
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
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
$10,087
Tax year 2022
Assessed value
$46,249
Assessed 2022
Previous assessed
$46,249
+0.0% YoY
Effective rate
21.81%
On assessed value
Assessed land
$7,031
Assessed improvement
$39,218
Land market value
$28,124
Improvement market value
$156,872
Total market value
$184,996
Applied tax rate
72,171.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1954
Heating
NONE
Stories
2
Total area
6,400 SF
Lot
0.07 ac (3,125 SF)
APN
24-24-102-004
UPID
US28-5681122
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
1954
Heating
NONE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
B-rocks LLC
Entity
Mailing address
3043 W 111TH ST, CHICAGO, IL 60655-2236
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
B-rocks LLC
—
Deed
related
$543,733 · Providence Bk&tr
Aug 18, 2014
—
B-rocks LLC
—
Trustees Deed
related
$600,000 · Providence Bk
Jan 9, 2014
$245,000
B-rocks LLC
Pb-sw Commercial LLC
Grant Deed
—
Jan 9, 2014
—
Pb-sw Commercial LLC
Judicial Sales Corp
Grant Deed
related
—
Dec 7, 2007
—
Alice Court Properties Ltd
—
Trustees Deed
related
$81,750 · Beverly Bank & Trust Co NA
Dec 22, 2004
$537,000
Alice Court Properties Ltd
Hyland Group INC
Warranty Deed
$268,500 · Founders Bank
Apr 28, 2003
—
Hyland Group INC
Hyland,richard
Quit Claim Deed
related
—
—
—
B-rocks LLC
—
Loan Modification
related
$543,733 · Providence Bk&tr
—
—
B-rocks LLC
—
Deed Of Trust
related
$752,000 · Providence Bk
—
—
B-rocks LLC
—
Deed Of Trust
related
$88,752 · Providence Bk
—
—
B-rocks LLC
—
Loan Modification
related
$600,000 · Providence Bk&tr
—
—
Alice Court Properties Ltd
—
Deed Of Trust
related
$224,000 · Centerpoint 504 Nfp
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.
Try Rey
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